Bridge Borrowing definition

Bridge Borrowing means a borrowing consisting of simultaneous Bridge Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Bridge Lenders pursuant to Section 2.01(b).
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Bridge Borrowing means the borrowing consisting of simultaneous Bridge Loans made on the Closing Date.
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Bridge Borrowing means a borrowing under the Bridge Facility.
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Examples of Bridge Borrowing in a sentence

  • Each Bridge Borrowing under this Section shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $500,000 (except that any such Bridge Borrowing may be in the aggregate amount of the unused Bridge Commitments) and shall be made from the several Bridge Banks ratably in proportion to their respective Bridge Commitments.

  • The Bridge Facility shall be automatically and permanently reduced on the date of the Bridge Borrowing (after giving effect to the Bridge Borrowing), and from time to time thereafter upon each repayment or prepayment of the outstanding Bridge Loans, by an amount equal to the amount by which (A) the Bridge Facility immediately prior to such reduction exceeds (B) the aggregate principal amount of all Bridge Loans outstanding at such time.

  • The Bridge Borrowing shall consist of Bridge Loans made simultaneously by the Bridge Lenders in accordance with their respective Pro Rata Share of the Bridge Facility.

  • Each Bridge Loan included in any Bridge Borrowing shall mature, and the principal amount thereof shall be due and payable, on the last day of the Interest Period applicable to such Bridge Borrowing.

  • Subject to and upon the terms and conditions of this Agreement, Bank agrees to make Advances to Borrower in an aggregate amount not to exceed the lesser of Two Million Dollars ($2,000,000) or one and one-half (1.5) times the net revenue of the three (3) months immediately prior to the Advance (the "Bridge Borrowing Base").

  • If the Borrower requests a Bridge Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

  • The Bridge Borrowing shall consist of Bridge Loans made simultaneously by the Bridge Lenders in accordance with their respective Bridge Commitments.

  • Each such optional prepayment shall be applied to prepay ratably the Bridge Loans of the several Bridge Banks included in such Bridge Borrowing.

  • Use the proceeds of the Bridge Borrowing (a) to partially finance the Acquisition, (b) to refinance outstanding Indebtedness under the Existing Credit Agreement, (c) to retire the outstanding Indebtedness under the Comerica Credit Facility and the ScissorTail Credit Facility, and (d) for the payment of fees and expenses relating to the Acquisition, the Credit Agreement and this Agreement.

  • The aggregate Commitments shall be automatically and permanently reduced to zero on the date of the Bridge Borrowing.

Related to Bridge Borrowing

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term SOFR Borrowing means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Initial Revolving Borrowing means one or more borrowings of Dollar Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date in an amount not to exceed the aggregate amounts specified or referred to in the definition of “Permitted Initial Revolving Borrowing Purposes.”

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).