Pro-Rata Borrowing definition
Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).
Pro-Rata Borrowing means a borrowing consisting of simultaneous Pro Rata Advances of the same Type made by each of the Lenders pursuant to Section 2.01.
Pro-Rata Borrowing means a borrowing consisting of simultaneous Pro-Rata Advances of the same Type made by each of the Lenders pursuant to Section 2.01 or Converted pursuant to Section 2.10 or 2.11.
Examples of Pro-Rata Borrowing in a sentence
Each Borrowing denominated in Dollars (including any Pro-Rata Borrowing) shall be constituted entirely of ABR Loans or Term Benchmark Loans.
If no election as to the Class of a Revolving Borrowing is specified in a Borrowing Request, then the requested Revolving Borrowing shall be denominated in Dollars and shall be a Pro-Rata Borrowing.
Except as set forth in this Agreement, a Pro-Rata Borrowing shall be treated as being comprised of two separate Revolving Borrowings, a Dollar Borrowing under the Dollar Commitments and a Multicurrency Borrowing under the Multicurrency Commitments.
More Definitions of Pro-Rata Borrowing
Pro-Rata Borrowing means a Revolving Credit Borrowing or a Term Borrowing.
Pro-Rata Borrowing means a borrowing consisting of simultaneous Pro Rata Advances of the same Type and currency and, in the case of LIBO Rate Advances, EURIBO Rate Advances or CDO Rate Advances, as to which a single Interest Period is in effect, made by each of the Lenders to the same Borrower pursuant to Section 2.01(a)(i).
Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a). “Pro-Rata Dollar Portion” means, in connection with any Pro-Rata Borrowing in Dollars, an amount equal to (i) the aggregate amount of such Pro-Rata Borrowing multiplied by (ii) the aggregate Dollar Commitments of all Dollar Lenders at such time divided by (iii) the aggregate Commitments of all Lenders at such time. “Pro-Rata Multicurrency Portion” means, in connection with any Pro-Rata Borrowing in Dollars, an amount equal to (i) the aggregate amount of such Pro-Rata Borrowing multiplied by (ii) the aggregate Multicurrency Commitments of all Multicurrency Lenders at such time divided by (iii) the aggregate Commitments of all Lenders at such time. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “QFC” has the meaning assigned to such term in Section 9.18. “QFC Credit Support” has the meaning assigned to such term in Section 9.18. “Quarterly Dates” means the last Business Day of March, June, September and December in each year, commencing on March 29, 2019. “Quotation Day” means, with respect to any Eurocurrency Borrowing (other than any Eurocurrency Borrowing denominated in Canadian Dollars) for any Interest Period, (i) if the Currency is Canadian Dollars or AUD, the first day of such Interest Period, (ii) if the Currency is Euro, two TARGET Days before the first day of such Interest Period and (iii) for any other Currency, (other than Canadian Dollars), two Business Days prior to the first day of such Interest Period, unless, in each case, market practice differs in the relevant market where the Eurocurrency Rate for such Currency is to be determined, in which case the Quotation Day will be determined by the Administrative Agent in accordance with market practice in such market (and if quotations would normally be given on more than one day, then the Quotation Day shall be the last of those days). 38
Pro-Rata Borrowing means a borrowing consisting of simultaneous Pro Rata Advances of the same Type made by each of the Lenders pursuant to Section 2.01. “Pro Rata Note” means a promissory note of any Borrower payable to the order of any Lender, delivered pursuant to a request made under Section 2.18 in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Pro Rata Advances made by such Lender to such Borrower. “Reference Banks” means JPMCB, Citibank, Barclays Bank PLC, Credit Suisse Securities (USA) LLC, Deutsche Bank AG New York Branch and ▇▇▇▇▇▇▇ Sachs Bank USA. “Register” has the meaning specified in Section 9.07(d). “Regulation A” means Regulation A of the Board, as in effect from time to time. “Regulation U” means Regulation U of the Board, as in effect from time to time. 11 “Required Lenders” means at any time Lenders owed at least 50.1% of the then aggregate unpaid principal amount of the Pro Rata Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least 50.1% of the Commitments. “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of any Borrower or any ERISA Affiliate and no Person other than such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which such Borrower or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. “Standard & Poor’s” means Standard & Poor’s Ratings Services, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc., and any successor to its ratings agency business. “Subsidiary” of any Person means any corporation or limited liability company of which (or in which) more than 50% of the outstanding equity interests having voting power to elect a majority of the Board of Directors of such entity (irrespective of whether at the time equity interests of any other class or classes of such entity shall or might have voting power upon the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. “Taxes” has the meaning specified in Section 2.15. “Termination Date” means the earlier to occur of (a) the later of (i) the Maturity Date and (ii) the Extended Maturity Date and (b) in each case, the date of te...
Pro-Rata Borrowing means a borrowing consisting of
Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a). “Pro-Rata Dollar Portion” means, in connection with any Pro-Rata Borrowing in Dollars, an amount equal to (i) the aggregate amount of such Pro-Rata Borrowing multiplied by (ii) the aggregate Dollar Commitments of all Dollar Lenders at such time divided by (iii) the aggregate Commitments of all Lenders at such time. “Pro-Rata Multicurrency Portion” means, in connection with any Pro-Rata Borrowing in Dollars, an amount equal to (i) the aggregate amount of such Pro-Rata Borrowing multiplied by (ii) the aggregate Multicurrency Commitments of all Multicurrency Lenders at such time divided by (iii) the aggregate Commitments of all Lenders at such time. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “QFC” has the meaning assigned to such term in Section 9.18. “QFC Credit Support” has the meaning assigned to such term in Section 9.18. “Quarterly Dates” means the last Business Day of March, June, September and December in each year, commencing on June 30, 2021. “Quotation Day” means, with respect to any Eurocurrency Borrowing (other than any Eurocurrency Borrowing denominated in Canadian Dollars) for any Interest Period, (i) if the Currency is Canadian Dollars or AUD, the first day of such Interest Period, (ii) if the Currency is
Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a). “Pro-Rata Dollar Portion” means, in connection with any Pro-Rata Borrowing in Dollars, an amount equal to (i) the aggregate amount of such Pro-Rata Borrowing multiplied by (ii) the aggregate Dollar Commitments of all Dollar Lenders at such time divided by (iii) the aggregate Commitments of all Lenders at such time. “Pro-Rata Multicurrency Portion” means, in connection with any Pro-Rata Borrowing in Dollars, an amount equal to (i) the aggregate amount of such Pro-Rata Borrowing multiplied by (ii) the aggregate Multicurrency Commitments of all Multicurrency Lenders at such time divided by (iii) the aggregate Commitments of all Lenders at such time. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “QFC” has the meaning assigned to such term in Section 9.18. “QFC Credit Support” has the meaning assigned to such term in Section 9.18. “Quarterly Dates” means the last Business Day of March, June, September and December in each year, commencing on June 30, 2021. “Quotation Day” means, with respect to any Eurocurrency Borrowing (other than any Eurocurrency Borrowing denominated in Canadian Dollars) for any Interest Period, (i) if the Currency is Canadian Dollars or AUD, the first day of such Interest Period, (ii) if the Currency is