Existing Borrowing definition

Existing Borrowing means all borrowing from lending institutions, vendors or agencies of federal, state or local governments or their political subdivisions, as set forth on the Financial Statements or in the books and records of the Company.

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Existing Borrowing means a Borrowing outstanding on the Funding Date (as of immediately prior to the effectiveness hereof). Upon receipt of the Supplemental Term Loan Borrowing Notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having a 2015-1 Supplemental Term Loan Commitment will make the amount of its pro rata share of the 2015-1 Supplemental Term Loan Commitments available, in each case for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 of the Credit Agreement prior to 2:00 P.M., New York City time (or, if the time period for the Borrower’s delivery of notice was extended, such later time as agreed to by the Borrower and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice) on the First Amendment Effective Date (as such term is defined in the first amendment to the Credit Agreement to be entered into on the date hereof) (the “Funding Date”) in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date credit by wire transfer as directed by the Borrower the aggregate of the amounts made available to the Administrative Agent by the Lenders (net of Transaction Costs (as defined below)) and in like funds as received by the Administrative Agent. Notwithstanding anything in this Increase Supplement to the contrary, unless previously terminated, the commitments of each Increasing Lender pursuant to Section 2 shall terminate upon the earlier of (x) the making of its 2015-1 Supplemental Term Loans on the Funding Date or (y) 5:00 p.m., New York City time, on November 30, 2015.

Existing Borrowing has the meaning given to such term in Section 2.18(e).

Examples of Existing Borrowing in a sentence

• Within one hundred twenty (120) days subsequent to the Closing Date, use commercially reasonable efforts to obtain executed estoppels and subordination, non-disturbance and attornment agreements from each tenant of an Existing Borrowing Base Property party to a Major Lease in existence as of the Closing Date, to the extent not already obtained.

• The Borrower further acknowledges that it has received notice of such Existing Borrowing Base Deficiency pursuant to Section 2.07(f)(i) of the Credit Agreement.

• Upon the Effective Date, the Existing Limited Guaranty is hereby amended by amending and restating the definition of “Borrower” therein to mean and refer to individually and collectively, as context so requires, both Existing Borrowing and New Borrower.

• The Company, the Existing Borrowing Subsidiaries, the Administrative Agent and the Lenders are party to that certain Second Amended and Restated Long-Term Credit Agreement dated as of July 21, 2011 (the “Credit Agreement”).

• For the avoidance of doubt, if the Existing Borrowing Base Deficiency or any other Borrowing Base Deficiency exists upon termination of the Waiver Period, an Event of Default shall be deemed to have occurred for all purposes immediately upon such termination of the Waiver Period.

• The Borrower shall apply all amounts borrowed by it under the Facility towards refinancing the Existing Borrowing.

• For the avoidance of doubt, if any of the Existing Borrowing Base Deficiencies or any other Borrowing Base Deficiency exists upon termination of the Waiver Period, an Event of Default shall be deemed to have occurred for all purposes immediately upon such termination of the Waiver Period.

• Other than as set forth in this Section 2.1(c), the Borrowing Base shall be calculated in a manner consistent with the Existing Borrowing Base under the Existing First Lien Credit Agreement.

• Upon the Effective Date, the Existing Subordination Agreement is hereby amended by amending and restating the definition of “Borrower” therein to mean and refer to individually and collectively, as context so requires, both Existing Borrowing and New Borrower.

• Thereafter (including in the case of any Existing Borrowing), a Borrower may elect to convert such Borrowing to a different Interest Type or, in the case of a Eurodollar Borrowing, to continue such Borrowing for one or more additional Interest Periods, all as provided in this Section 2.06.

More Definitions of Existing Borrowing

Existing Borrowing means all borrowing from lending institutions, vendors or agencies of federal, state or local governments or their political subdivisions. “Financial Statements of NOTES” means, and includes, all of the following:

Existing Borrowing means the existing external commercial borrowings of JPY 3,960,000,000 extended to the Original Borrower by ▇▇▇▇▇▇ Trading Limited for capital expenditure purposes.

Existing Borrowing means the amount of any outstanding borrowing owed by the Borrowers and/or the Owners to a Commercial Lender as set out in the Redemption Statement obtained at the relevant time;