Monies Borrowed definition

Monies Borrowed means all monies borrowed by Group Undertakings including, without limitation:
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Monies Borrowed means all monies borrowed by Group Undertakings including:
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Monies Borrowed means (a) borrowed monies and (b) liabilities under any note, bond, bill, debenture, loan stock or other security in each case issued for cash or in respect of acceptance credit facilities or as consideration for assets or services but excluding such liabilities incurred in relation to the acquisition of goods or services in the ordinary course of trading.
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Examples of Monies Borrowed in a sentence

  • The Board may act in reliance on a bona fide estimate of the amount of the Adjusted Capital and Reserves or the aggregate amount of Monies Borrowed without having requested or obtained such written confirmation from the Auditors.

  • If in consequence the limit on Monies Borrowed set out in this Article is inadvertently exceeded, the amount of Monies Borrowed equal to the excess may be disregarded for ninety (90) days after the date on which by reason of a determination of the Auditors or otherwise the Board became aware that this situation has or may have arisen.

  • No debt incurred or security given in respect of Monies Borrowed in excess of the limit imposed by this Article shall be invalid or ineffectual, except where express notice that the limit has been or will be exceeded has been given to the leader or recipient of the security at the time when the debt is incurred or security given.

  • The Auditors' written confirmation for the purpose of this Article as to the amount of the Adjusted Capital and Reserves or the aggregate amount of Monies Borrowed shall be conclusive and binding on all concerned.

  • The Auditors’ written confirmation for the purpose of this Article as to the amount of the Adjusted Capital and Reserves or the aggregate amount of Monies Borrowed shall be conclusive and binding on all concerned.

  • If in consequence the limit on Monies Borrowed set out in this Article 90 is inadvertently exceeded, the amount of Monies Borrowed equal to the excess may be disregarded for ninety (90) days after the date on which by reason of a determination of the Auditors or otherwise the Board became aware that this situation has or may have arisen.

  • If in consequence the limit on Monies Borrowed set out in this Article is inadvertently exceeded, the amount of Monies Borrowed equal to the excess may be disregarded for 90 days after the date on which the Board became aware that this situation has or may have arisen.

  • No debt incurred or security given in respect of Monies Borrowed in excess of the limit imposed by this Article 90 shall be invalid or ineffectual, except where express notice that the limit has been or will be exceeded has been given to the leader or recipient of the security at the time when the debt is incurred or security given.

  • The Auditor’s written confirmation for the purpose of this Article as to the amount of the Adjusted Capital and Reserves or the aggregate amount of Monies Borrowed shall be conclusive and binding on all concerned.

  • The Auditors' written confirmation for the purpose of this Article 90 as to the amount of the Adjusted Capital and Reserves or the aggregate amount of Monies Borrowed shall be conclusive and binding on all concerned.


More Definitions of Monies Borrowed

Monies Borrowed means amounts, subject as hereinafter provided, to have been borrowed and to be outstanding as monies borrowed (together with any fixed or minimum premium payable on final redemption or repayment) by the relevant member of the Group (but only to the extent that the same would not otherwise fall to be taken into account):
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Monies Borrowed means all monies borrowed by Group Companies including, without limitation:
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Related to Monies Borrowed

  • 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.

  • 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.

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

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

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

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.