Interest Borrowing definition

Interest Borrowing means any Borrowing of Loans hereunder for the sole ------------------ purpose of paying, and the proceeds of which are applied solely to pay, accrued interest on any Loans or accrued commitment fees payable under this Agreement.
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Interest Borrowing has the meaning assigned to that term in Section 2.7(h).
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Examples of Interest Borrowing in a sentence

  • The Interest Borrowing shall not bear or accrue interest on the principal amount thereof during the period from the Closing Date through December 31, 2002.

  • The outstanding principal amount of the Interest Borrowing shall commence to bear interest on January 1, 2003, and shall thereafter accrue interest at the rates applicable to other Revolving Loans under this Agreement.

  • The definitions of “Common Unit Borrowing Base”, “Non-Reserve Borrowing Base” and “Partnership Interest Borrowing Base” and Section 2.07(g) each contain provisos that serve to limit the amount of one component of the Borrowing Base in relation to another component of the Borrowing Base or in relation to the total Borrowing Base (the “limiting factor”).

  • The definitions of “Well Services Borrowing Base” and “Partnership Interest Borrowing Base” each contain provisos that serve to limit the amount of one component of the Borrowing Base in relation to another component of the Borrowing Base or in relation to the total Borrowing Base (the “limiting factor”).

  • Notwithstanding anything to the contrary contained in this Agreement, any reduction of the Borrowing Base pursuant to this Section 2.07(f) shall be comprised of a pro rata reduction in the Working Interest Borrowing Base, the Partnership Interest Borrowing Base and the Well Services Borrowing Base.

  • To request a Capitalized Interest Borrowing, Borrower shall notify Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of the proposed Borrowing, or (b) in the case of a Base Rate Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of the proposed Borrowing.

Related to Interest Borrowing

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

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

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR 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.

  • 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).

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

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

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

  • Canadian Borrowing means a Borrowing of Canadian 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.

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

  • 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.

  • 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.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

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

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

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

  • LIBO Borrowing means a Borrowing comprised of LIBO Loans.

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

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.