Loans and borrowings definition

Loans and borrowings means the aggregate amount of:
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Loans and borrowings f c \l “2” \* MERGEFORMAT AUTONF D3_TC. (a) Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Any Swingline Loan shall be made in accordance with the procedures set forth in Section 2.04. (b) Subject to Section 2.13, each Floor Plan Borrowing shall be comprised entirely of Term Benchmark Loans or RFR Loans; provided that RFR Loans are only available under this Agreement as the result of the application of Section 2.
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Examples of Loans and borrowings in a sentence

  • Loans and borrowings are initially recognised at the fair value of the consideration received, net of transaction costs.

  • Loans and borrowings are recognised initially at fair value, net of transaction costs incurred, and subsequently measured at amortised cost using the effective interest method.

  • Loans and borrowings are initially recognised at the transaction price including transaction costs.

  • Loans and borrowings After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method.

  • Loans and borrowings are subsequently measured at amortised costs using Effective Interest Rate method.

  • Loans and borrowings are stated at amortised cost with any difference between cost and redemption value being recognised in the income statement over the period of the loans and borrowings using the effective interest method.

  • Loans and borrowings are initially recognized at fair value less costs incurred in the transaction.

  • Loans and borrowings are classified as 'financial liabilities at amortized cost'.

  • Loans and borrowings are recognised initially at fair value, net of transaction costs incurred.

  • Loans and borrowings are stated at amortised cost with any difference between cost and redemption value being recognised in the income statements over the period of the loans and borrowings using the effective interest method.

Related to Loans and 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.

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

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

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

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

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

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

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

  • Swingline Loans as defined in Section 2.6.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • Revolving Credit Loans as defined in Section 2.1.

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

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

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

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Committed Loans means loans made pursuant to Section 2.1(a).