Permitted Borrowings definition

Permitted Borrowings means, without duplication:

Permitted Borrowings above or which secure any Indebtedness under any agreement for the supply of goods or services in respect of which payment is not deferred for more than 90 days;

Permitted Borrowings means, without double counting, any:

Examples of Permitted Borrowings in a sentence

Permitted Borrowings shall not require the prior approval of the Lender.
Borrower shall have the right to enter into secured or unsecured borrowings from commercial banks and comparable commercial credit institutions for the purpose of financing inventory and fixed assets, upon approval of the Board of Directors of the Borrower ("Permitted Borrowings").
Permitted Borrowings, as defined in the 1996 Credit Agreement, generally included those for acquisitions and capital expenditures.
Subject to the Permitted Borrowings limitations, the indebtedness outstanding from time to time pursuant to this Promissory Note may be decreased, increased, paid in full and then renewed.
The Company shall advise Parent of any limitations on its ability to take the foregoing actions without incurring any adverse effect, and if requested by the Company, Parent shall repay or cause to be repaid the Permitted Borrowings at or prior to, and conditioned upon the occurrence of, the Effective Time.

Permitted Borrowings means borrowings as defined under Schedule 10 (Permitted Borrowings).

Permitted Borrowings has the meaning given to it in clause 8;

Permitted Borrowings means the incurrence by the Company of Company Indebtedness following the date hereof only if each of the following is true: (i) such Company Indebtedness is incurred pursuant to the Company’s existing credit facility with Mxxxxxx Lxxxx or any extension thereof or successor thereto on terms similar in all material respects to the Company’s existing credit facility on the date of this Agreement (other than (a) aggregate principal amount, which may be less than the $3,000,000 principal amount in such existing credit facility, (b) interest rate, provided such interest rate is no more than 9% per annum, (c) amount of cash and cash equivalents and marketable securities securing the Company’s obligations and (d) type of security), (ii) Company Indebtedness incurred following the date hereof and until the seventh calendar day prior to the Company Shareholders Meeting does not at any time exceed $3,000,000 less the amount by which Cash is less than $1,000,000, in the aggregate, (iii) Company Indebtedness incurred after the seventh day prior to the Company Shareholders Meeting does not exceed $1,500,000 less the amount by which Cash is less than $1,000,000, in the aggregate and (iv) such Company Indebtedness is incurred in the ordinary course of business consistent with past practice.

Permitted Borrowings means the categories of borrowings set out in Schedule 3;

Permitted Borrowings means: (a) third party debt financing (whether as an asset based lending facility or otherwise) obtained by any member of the Target Group on or around Closing in an aggregate principal amount (or aggregate amount of commitments) not to exceed $15,000,000; (b) any loan from the Parent to any member of the Target Group (any such loan, a "Parent Loan"), so long as the Parent and the Seller have entered into an Equalisation Deed with respect to such Parent Loan substantially simultaneously with the making of such Parent Loan; and (c) any loan from any member of the Target Group (which is not the Company) to the Company; "Positive Adjustment Amount" has the meaning given to it in the Share and Asset Purchase Agreement; "Post-Closing Adjustment" has the meaning given to it in the Share and Asset Purchase Agreement; "Refinancing" means: (a) the raising of any third party debt financing for the Group; and/or (b) the refinancing of any existing third party debt financing arrangements of the Group, including the Notes,

Permitted Borrowings means during the Unconditional Period (i) any borrowings made by the Borrower hereunder or (ii) any borrowings made by the Borrower from the lessees of Principal Properties or any of them or any company owning 20 per cent. or more of the issued share capital of any such lessee, or from the Guarantor or Principal Healthcare Finance Limited, up to an amount of L.8,000,000 in aggregate, provided that the sum of the Loan Amount plus the Permitted Borrowing referred to in (ii) shall not at any time during the Unconditional Period exceed L.49,000,000.

Permitted Borrowings means Indebtedness incurred pursuant to (i) mortgages on real property in an aggregate principal amount not to exceed $5,000,000 at any time and (ii) any credit facility or credit facilities in an aggregate principal amount not to exceed $7,000,000 at any time, in each case from any Permitted Lender.