Excluded Borrowing definition

Excluded Borrowing means a borrowing of Loans which is solely refinancing an outstanding Loan and is not increasing the aggregate outstanding principal amount of Loans hereunder (including a Conversion or Continuation of Loans).
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Excluded Borrowing means, until the 9.25% First Mortgage Notes are redeemed, a borrowing hereunder made by Borrower of the amount required (together with other funds of Borrower segregated and identified by the Borrower on terms acceptable to the Administrative Agent for the sole purpose of redeeming the 9.25% First Mortgage Notes) to redeem the 9.25% First Mortgage Notes, made solely for the purpose of redeeming the 9.25% First Mortgage Notes.
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Excluded Borrowing any Borrowing which is solely refinancing an existing Borrowing and is not increasing the aggregate outstanding principal amount of Loans hereunder (including, for the avoidance of doubt, a conversion of Loans from one Type to another Type or a continuation of a Eurocurrency Loan).
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Examples of Excluded Borrowing in a sentence

  • Id. Thevalue of the Excluded Borrowing Base Collateral totaled approximately $23.7 million17 as of June 23, 2023 based on the book value of such assets.


More Definitions of Excluded Borrowing

Excluded Borrowing means a borrowing of Loans which is solely refinancing an outstanding Loan and is not increasing the aggregate outstanding principal amount of Loans hereunder (including a Conversion or Continuation of Loans). “Excluded Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Bank, its Applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Bank, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Bank with respect to an applicable interest in a Loan or Loan Commitment pursuant to a law in effect on the date on which (i) such Bank acquires such interest in the Loan or Loan Commitment (other than pursuant to an assignment request by the Borrower under Section 3.07) or (ii) such Bank changes its Applicable Lending Office, except in each case to the extent that, pursuant to Section 3.10(a) or (c), amounts with respect to such Taxes were payable either to such Bank’s assignor immediately before such Bank became a party hereto or to such Bank immediately before it changed its Applicable Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.10(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. “Existing Banks” has the meaning specified in Section 2.19(c). “Existing Letters of Credit” has the meaning specified in Section 2.16(f). “Facility Fee Rate” means the rate per annum determined, at any time, based on Borrower’s Credit Rating in accordance with the following table (any change in Borrower’s Credit Rating causing it to move into a different range on the table shall effect an immediate change in the Facility Fee Rate):
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Related to Excluded Borrowing

  • 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.

  • 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.

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

  • 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.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

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

  • 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.

  • 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.

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

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

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • 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.

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

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

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

  • 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).

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

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

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

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

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

  • 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.

  • Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

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