Conditions to Borrowing definition

Conditions to Borrowing means, in connection with the funding of Loans on any Funding Date, each of the conditions precedent to the obligation of the Lenders to make a Loan on a Funding Date set forth in Section 3.02.
Sample 1
Conditions to Borrowing. Conditions precedent to the borrowing under the Initial Facility will be limited to those set forth in Annex IV(a) hereto.
Sample 1
Conditions to Borrowing. The availability of the Incremental Term Loan Facility on the Closing Date will be subject solely to (a) the applicable conditions set forth in Section 6 of the Commitment Letter and in Exhibit C to the Commitment Letter, (b) delivery of a customary borrowing notice, (c) the accuracy of representations and warranties in all material respects subject, to the Certain Funds Provisions and (d) the conditions set forth in Section 2.17(d) of the Credit Agreement (with the Acquisition being deemed to be a Limited Condition Acquisition (as defined in the Credit Agreement)), subject to the Certain Funds Provisions.
Sample 1

Examples of Conditions to Borrowing in a sentence

  • The shares of such series shall be designated as "Series A Participating Preferred Stock", par value $0.001 per share, and the number of shares constituting such series shall be ten thousand (10,000).

  • For the avoidance of doubt, the aforementioned irrevocable letters of conversion or irrevocable commitments to convert, as applicable, may be, in turn, conditioned on the fulfillment of the conditions precedent set forth in Section 6.03 (Conditions to Borrowing Date).

  • Conditions to Borrowing on the Closing Date: The borrowing under the Facility on the Closing Date will be subject to the conditions expressly set forth in Annex B to the Commitment Letter (the “Funding Conditions”).

  • For the avoidance of doubt, the Conditions to Borrowing set forth in Section 3.02 shall not apply to the payment in kind of any interest amounts pursuant to this Section 2.05(a)(vi) (other than, for the avoidance of doubt, any such conditions specified in this Section 2.05(a)(vi)).

  • Conditions to Borrowing: The extension of credit under the Term Loan Facility on the Closing Date will be subject solely to the conditions precedent applicable to the Term Loan Facility set forth in Exhibit C to the Commitment Letter.

  • Conditions to Borrowing, Loan Agreement to include conditions, reps & warranties ------------------------ and events default customary in this type of transaction of Representations ------------------ & Warranties, Events -------------------- of Default: ----------- Expenses: Borrower will pay all legal expenses to prepare loan documents.

  • Conditions to Borrowing any Advance 59 ARTICLE V REPRESENTATIONS AND WARRANTIES Section 5.01.

  • Conditions to Borrowing 85 ARTICLE V Affirmative Covenants 89 SECTION 5.01.

  • Conditions to Borrowing on the Closing Date: Subject in all respects to the Conditions Limitation Provision, the only conditions precedent to borrowing under the Bridge Facility on the Closing Date will be limited to those set forth in Annex III of the Commitment Letter.

  • Conditions to Borrowing: Conditions precedent to initial borrowing under the Bridge Facility will include (without limitation) those set forth in the Commitment Letter, under clauses 10 through and including 15 of "Conditions to Initial Borrowings" in Annex I to the Commitment Letter and the following: 1.


More Definitions of Conditions to Borrowing

Conditions to Borrowing. All borrowings under the Tender Offer Facility will be subject to satisfaction of the following conditions:
Sample 1

Related to Conditions to 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.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

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

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

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • 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.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR 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).

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

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

  • 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.

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

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

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

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.

  • Notice of Swingline Borrowing means a notice substantially in the form of Exhibit G (or such other form reasonably acceptable to the Administrative Agent and containing the information required in such Exhibit) to be delivered to the Swingline Lender pursuant to Section 2.4.(b) evidencing the Borrower’s request for a Swingline Loan.

  • 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.

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

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

  • Extension of Credit means the making of a Borrowing, the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder. For purposes of this Agreement, a Conversion shall not constitute an Extension of Credit.