Initial Revolving Credit Borrowing definition

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

Initial Revolving Credit Borrowing means a borrowing consisting of simultaneous Initial Revolving Credit Loans of the same Type and in the case of Eurocurrency Rate Loans or Term SOFR Loans, having the same Interest Period made by each of the Initial Revolving Credit Lenders pursuant to Section 2.01(b). “Initial Revolving Credit Commitment” means, as to each Initial Revolving Credit Lender, its obligation to (a) make Initial Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal or face amount at any one time outstanding not to exceed the Dollar amount set forth opposite such Lender’s name under the caption “Initial Revolving Credit Commitment” (i) on Schedule 2.01 or (ii) in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, and as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Initial Revolving Credit Commitments of all Initial Revolving Credit Lenders is $850,000,000 on the Amendment No. 28 Effective Date. “Initial Revolving Credit Facility” means, at any time, the aggregate amount of the Initial Revolving Credit Commitments at such time. “Initial Revolving Credit Lender” means, at any time, any Lender that has an Initial Revolving Credit Commitment at such time. “Initial Revolving Credit Loan” means a Loan made by an Initial Revolving Credit Lender pursuant to its Initial Revolving Credit Commitment. “Initial Revolving Termination Date” has the meaning specified in Section 2.10(b). “Initial Term Borrowing” means a Borrowing consisting of simultaneous Initial Term Loans made by each of the Initial Term Lenders of such Class pursuant to Section 2.01(a), 2.16, 2.18 or 2.19. “Initial Term Commitment” as to each Initial Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the Dollar amount set forth opposite such Initial Term Lender’s name on Schedule 2.01 under the caption “Initial Term Commitment” or in the Assignment and Assumption pursuant to which such Initial Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Lenders’ Initial Term Commitments on the Closing Date is $2,530,000,000 as such commitment may be reduced or increased from time to time p...

Initial Revolving Credit 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 Credit Borrowing Purposes”.

Examples of Initial Revolving Credit Borrowing in a sentence

• Use the proceeds of any Borrowing on the Closing Date, whether directly or indirectly, in a manner consistent with the definition of Permitted Initial Revolving Credit Borrowing Purposes, and after the Closing Date, use the proceeds of any Borrowing for any purpose not otherwise prohibited under this Agreement.

• The Initial Revolving Borrowing was used for the Initial Revolving Credit Borrowing Purposes.

• The Borrower (as this and other capitalized terms used in these preliminary statements are defined in Section 1.01 below) has requested that the Lenders extend credit to the Borrower in the form of Initial Term Loans and the Initial Revolving Credit Borrowing on the Closing Date.

• For final rules with certification, the proportion that contained an appropriate description of the basis for the certification increased from 75 percent in 1995 to 89 percent in 1999.

• Section 2.02(a) of the Credit Agreement is hereby amended by deleting the phrase “whether the Borrower is requesting a Term Borrowing, a Revolving Credit Borrowing,” appearing in clause (i) of the third sentence thereof, and inserting in lieu thereof the phrase “whether the Borrower is requesting a Term Borrowing, an Initial Revolving Credit Borrowing, an Incremental Revolving Credit Borrowing,”.

• PRELIMINARY STATEMENTS The Borrower (as this and other capitalized terms used in these preliminary statements are defined in Section 1.01 below) has requested that the Lenders extend credit to the Borrower in the form of Initial Term Loans and the Initial Revolving Credit Borrowing on the Closing Date.

• The proceeds of the Term B Loans will be used, together with (i) the proceeds of any Initial Revolving Borrowing (to the extent permitted in accordance with the definition of the term “Permitted Initial Revolving Credit Borrowing Purposes”), and (ii) a portion of the cash available on the balance sheet of the Parent Borrower and its Subsidiaries, to (x) finance the payment of the Dividend, (y) consummate the Refinancing and (z) pay the Transaction Expenses.

More Definitions of Initial Revolving Credit Borrowing

Initial Revolving Credit Borrowing means one or more borrowings of Revolving Credit Loans on the Closing Date.

Initial Revolving Credit Borrowing has the meaning assigned to such term in Section 2.23.