CP Borrowing definition

CP Borrowing means a Borrowing bearing interest by reference to the Commercial Paper Rate.
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CP Borrowing means any Borrowing comprised of Loans, the proceeds of which will be used to refinance commercial paper, or the short term notes equivalent of commercial paper, issued by either Borrower or the Guarantor.
Sample 1

Examples of CP Borrowing in a sentence

  • Notwithstanding any contrary provision hereof, if a CP Default has occurred and is continuing and the Canadian Agent, at the request of the Required Lenders, so notifies the Borrower Representative, then, so long as a Default is continuing (i) no outstanding CP Borrowing may be converted to or continued as a CDOR Rate Borrowing and (ii) unless repaid, each CDOR Rate Borrowing shall be converted to a CP Borrowing of the same Class at the end of the Interest Period applicable thereto.

  • With respect to the issuance of any Commercial Paper Note, a CP Borrowing Base Deficiency shall not exist and the issuance of such Commercial Paper Note, after giving effect to the repayment of any Commercial Paper Notes, Liquidity Advances and LOC Liquidity Disbursements made with the proceeds thereof, would not result in a CP Borrowing Base Deficiency.

  • With respect to the issuance of any Commercial Paper Note, a CP Borrowing Base Deficiency shall not exist and the issuance of such Commercial Paper Note, after giving effect to the repayment of any Commercial Paper Notes, Liquidity Advances and Support Liquidity Disbursements made with the proceeds thereof, would not result in a CP Borrowing Base Deficiency.

  • The Series 1997-1 Liquidity Agent shall have received an Officer's Certificate, dated the date of such issuance, duly executed and delivered by an Authorized Officer of RFC, certifying the amount of the CP Borrowing Base as of the close of business of the day immediately preceding such date.

  • Each CP Borrowing shall bear interest (computed on the basis of a 360-day year and actual days elapsed, excluding the date of repayment) on the unpaid principal amount thereof from the date such Borrowing is advanced or continued until the last day of its Interest Period (whether by acceleration or otherwise) at a rate per annum equal to the CP Rate for such Borrowing, payable on the last day of its Interest Period and when required by Section 3.1(c).

  • Thereafter, the Borrower may request Amsterdam to continue for an additional Interest Period part or all of any CP Borrowing by giving the Agent notice of such requested continuation by no later than 11:00 a.m. (Chicago time) one Business Day before the end of the current Interest Period for such Borrowing.

  • The Borrower shall provide to the Agent an irrevocable written request (including by telecopier or other facsimile communication) substantially in the form of Exhibit A by 11:00 a.m. (Chicago time) (i) three (3) Business Days before the requested Funding Date to request a Eurodollar Borrowing and (ii) one (1) Business Day before the requested Funding Date to request a Base Rate Borrowing or CP Borrowing.

  • The Liquidity Agent shall have received an Officer's Certificate, dated the date of such issuance, duly executed and delivered by an Authorized Officer of DTFC, certifying the amount of the CP Borrowing Base as of the close of business on the last day of the calendar month immediately preceding such date of issuance.

  • Accordingly, the highest Indicated Interest Rate are within the Range and much below the Existing CP Borrowing Rate.

  • We further noted from the 2013 Interim Report that an existing loan provided by an entity controlled by Mr. Chen Chang Wei, a non-executive Director, to the Group, bears interest at 15% per annum (the “Existing CP Borrowing Rate”).

Related to CP Borrowing

  • 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.

  • 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.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving 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.

  • 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.

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

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

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

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

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

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

  • 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.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

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

  • 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).

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

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