Examples of NIBOR Borrowing in a sentence
You will no doubt appreciate that if the moorings remain closed beyond Easter 2014 (the start of next year's leisure season), this would have a significant adverse impact on many businesses and genuine boaters wishing to moor in Bath and would also result in bad publicity for the city of Bath, K&A canal and the River Avon.
Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a LIBOR Revolving Borrowing or a NIBOR Borrowing, shall have an initial Interest Period as specified in such Borrowing Request.
No ABR Borrowing or NIBOR Borrowing shall be requested in, or made pursuant to, a Competitive Bid Request.
Each designation or conversion of a NIBOR Borrowing shall occur on a NIBOR Business Day.
In the event that it shall be unlawful for the Norwegian Lender to make available or maintain a NIBOR Borrowing then the Norwegian Lender's obligations to lend in Krone shall terminate and all amounts owing by Norwegian Borrower to the Norwegian Lender in Krone shall become due and payable on demand, in each case to the extent necessary to not violate any law.
Norwegian Borrower shall be entitled to prepay the NIBOR Borrowing in accordance with the terms of the Agreement.
Each request for a NIBOR Borrowing shall be in the amount at least equal to the lesser of (1) the unutilized portion of the Norwegian Commitments or (2) NOK50,000,000 and an integral multiple of NOK10,000,000 in excess thereof.