Excluded Borrowings definition

Excluded Borrowings means any Financial Indebtedness (other than any Permitted Refinancing Indebtedness and any RP/CP Hivedown Refinancing) permitted by paragraph (b) of Clause 22.6 (Financial Indebtedness).
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Excluded Borrowings means, for the purposes of Section 2.11(d)(ii) indebtedness not exceeding $250,000,000 in aggregate in respect of:
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Excluded Borrowings means any Financial Indebtedness (other than any Permitted Refinancing Indebtedness and any RP/CP Hivedown Refinancing) permitted by paragraph (b) of Clause 22.6 ( Financial Indebtedness ).
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Examples of Excluded Borrowings in a sentence

  • The Council will not borrow money (other than by way of Excluded Borrowings) to fund operating expenditure.

  • The Council will not borrow money or obtain debt finance (other than by way of Excluded Borrowings) to fund the acquisition, replacement or renewal of assets that is expected to occur on an annual or similar basis at approximately the same level each year i.e. recurrent capital works.

Related to Excluded Borrowings

  • Borrowings means the plural thereof.

  • Total Borrowings means, in respect of the Corporation on a consolidated basis, as of a given date, the aggregate of the following, without duplication:

  • Subsequent Borrowings has the meaning assigned to such term in Section 2.19.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Revolving Loans as defined in Section 2.4(a).

  • Cost of Qualified Borrowings means the cost, as reasonably determined by the Bank and expressed as a percentage per annum, of the outstanding borrowings of the Bank drawn down after June 30, 1982, excluding such borrowings or portions thereof as the Bank has allocated to fund: (A) the Bank’s investments; and (B) loans which may be made by the Bank after July 1, 1989 bearing interest rates determined otherwise than as provided in paragraph (a) of this Section.

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

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

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

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

  • 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.

  • 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 Loan Borrowing means a borrowing of a Revolving Loan.

  • Swingline Loans as defined in Section 2.6.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

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

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

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

  • 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 Base means, at any time, an amount in Dollars equal to:

  • 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 Credit Loans as defined in Section 2.1.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.