Committed Borrowing definition

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

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.

Committed Borrowing means a Committed Revolving Borrowing or a Committed Term Borrowing or both as the context requires.

Examples of Committed Borrowing in a sentence

• Except as provided in Sections 2.03(c) and 2.04(c), each Committed Borrowing of or conversion to Canadian Prime Rate Loan, US Index Rate Loans, or Domestic Prime Rate Loans, as applicable, shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or the Equivalent Amount thereof).

• If such Revolving Lender pays its share of the applicable Committed Borrowing or participation to the Administrative Agent or the Canadian Agent, as applicable, then the amount so paid shall constitute such Revolving Lender’s Committed Loan included in such Committed Borrowing or participation in such Letter of Credit or Swing Line Loan.

• If such Revolving Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Lender’s Committed Loan included in the relevant Committed Borrowing or funded participation in the relevant Swing Line Loan, as the case may be.

• Each Committed Borrowing of, conversion to or continuation of Term SOFR Loans or BA EquivalentTerm XXXXX Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or the Equivalent Amount thereof).

• If such Revolving Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Lender’s Committed Loan included in the relevant Committed Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be.

More Definitions of Committed Borrowing

Committed Borrowing has the meaning set forth in Section 1.3.

Committed Borrowing means a Borrowing under Section 2.01(a).

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 2.1.

Committed Borrowing means a Borrowing hereunder consisting of Committed Loans made by the Lenders ratably according to their respective Pro Rata Shares.

Committed Borrowing means a borrowing consisting of simultaneous Committed Loans made by each of the Lenders pursuant to Section 2.01.

Committed Borrowing means a New Vehicle Committed Borrowing or a Used Vehicle Committed Borrowing, as the context may require.

Committed Borrowing means each Canadian Committed Borrowing and each Domestic Committed Borrowing.