Long-term borrowing definition

Long-term borrowing means a borrowing lasting over one year from the drawdown date to the repayment date and includes long-term borrowings to be repaid within one year.
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Long-term borrowing a Borrowing that is not a Short-Term Borrowing.
Sample 1
Long-term borrowing means at any time an amount of Outstanding Debit Financing equal to the lesser of (i) the Maximum Commitment Financing and (ii) the lowest Outstanding Debit Financing held by Customer at any time over the immediately preceding 15 Business Days; provided that, prior to the earlier to occur of August 30, 2015 and the date that is 30 days after the date of the first Borrowing, “Long Term Borrowing” shall mean the lesser of (i) the Maximum Commitment Financing and (ii) the Outstanding Debit Financing.
Sample 1

Examples of Long-term borrowing in a sentence

  • Each Borrowing Request shall specify (A) the amount of such Borrowing, (B) the requested Funding Date (which shall be a Business Day), and (C) whether such Borrowing shall be a Short-Term Borrowing or a Long-Term Borrowing.

Related to Long-term borrowing

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

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

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

  • 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.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

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

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

  • Letter of Credit 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 Borrowing.

  • 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.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • 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.