Mandatory Borrowing definition

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

Mandatory Borrowing has the meaning set forth in Section 2.3(b)(iii).

Mandatory Borrowing as defined in Section 2.2(b).

Examples of Mandatory Borrowing in a sentence

• All such amounts will be made available in Dollars and in immediately available funds at the Payment Office, and the Administrative Agent will, except in the case of Revolving Loans made pursuant to a Mandatory Borrowing, make available to the Borrower at the Payment Office the aggregate of the amounts so made available by the Lenders.

• The proceeds of each Mandatory Borrowing shall be remitted directly to the Swing Line Lender to repay such outstanding Swing Line Loan.

• All such amounts will be made available in Dollars (in the case of Dollar Denominated Loans), in Euros (in the case of Euro Denominated Loans) or in Sterling (in the case of Sterling Denominated Loans) and in immediately available funds at the Payment Office, and the Administrative Agent will, except in the case of Revolving Loans made pursuant to a Mandatory Borrowing, make available to the Borrower at the Payment Office the aggregate of the amounts so made available by the Lenders.

• The proceeds of such LOC Mandatory Borrowing shall be paid directly to the applicable Issuing Lender for application to the respective LOC Obligations.

• The refinancing of a Swingline Loan with a Mandatory Borrowing pursuant to this paragraph shall not relieve the Borrower (or other Person liable for obligations of the Borrower) of any default in the payment of such Mandatory Borrowing.

More Definitions of Mandatory Borrowing

Mandatory Borrowing shall have the meaning given thereto in Section 2.8(b) hereof.

Mandatory Borrowing with respect to (a) Swingline Loans, has the meaning set forth in Section 2.3(b)(ii) and (b) with respect to Letters of Credit, has the meaning set forth in Section 2.4(e).

Mandatory Borrowing has the meaning assigned to such term in Section 2.8(f).

Mandatory Borrowing has the meaning set forth in Section 2.3(e).

Mandatory Borrowing is defined in Section 3.1.1(c).

Mandatory Borrowing has the meaning provided in Section 2.4(c). All Mandatory Borrowings shall be denominated in dollars.

Mandatory Borrowing means any Letter of Credit Mandatory Borrowing or Swingline Mandatory Borrowing.