Procedure for Term Loan Borrowing definition

Procedure for Term Loan Borrowing. The Borrower Representative shall have given the Administrative Agent notice (which notice must have been received by the Administrative Agent prior to 9:00 A.M., New York City time (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), which notice may be revocable at any time prior to funding) one Business Day prior to the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, specifying the amount of the Initial Term Loans to be borrowed by each applicable Borrower. Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having an Initial Term Loan Commitment will make the amount of its pro rata share of the applicable Initial Term Loan Commitments available to the Administrative Agent, in each case for the account of the applicable Borrower or Borrowers at the office of the Administrative Agent specified in Subsection 11.2 prior to 10:00 A.M., Frankfurt time (or, if the time period for the Borrower Representative’s delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice), on the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date make all funds so received available to the Borrowers in like funds as received by the Administrative Agent by wire transfer of such funds in accordance with instructions provided by the Borrower Representative to (and reasonably acceptable to) the Administrative Agent.”
Sample 1

Examples of Procedure for Term Loan Borrowing in a sentence

  • AMOUNT AND TERMS OF COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Swingline Commitment 40 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 40 2.8 Repayment of Loans 42 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 39 2.1 Term Loan Commitments 39 2.2 Procedure for Term Loan Borrowing 39 2.3 Repayment of Term Loans 40 2.4 Revolving Commitments 40 2.5 Procedure for Revolving Loan Borrowing 41 2.6 Swingline Commitment 41 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 42 2.8 Repayment of Loans 43 2.9 Commitment Fees, etc.

  • Procedure for Term Loan Borrowing............................................................

  • AMOUNT AND TERMS OF COMMITMENTS 2.1 Term Commitments 20 2.2 Procedure for Term Loan Borrowing 20 2.3 Repayment of Term Loans 21 2.4 Revolving Commitments 21 2.5 Procedure for Revolving Loan Borrowing 21 2.6 Swingline Commitment 22 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 22 2.8 Commitment Fees, etc.

  • AMOUNT AND TERMS OF TERM COMMITMENTS 4043 2.1 Term Commitments 4043 2.2 Procedure for Term Loan Borrowing 4043 2.3 Repayment of Term Loans 4044 2.4 Incremental Term Loans 4144 2.5 Fees 4347 SECTION 3.

  • AMOUNT AND TERMS OF COMMITMENTS 49 2.1 Term Commitments 49 2.2 Procedure for Term Loan Borrowing 49 2.3 Repayment of Term Loans 49 2.4 Revolving Commitments 50 2.5 Procedure for Revolving Loan Borrowing 50 2.6 Swingline Commitment 51 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 52 2.8 Commitment Fees, etc.

  • Western Power believes that System Management’s knowledge of the NCS prices will not disadvantage any party and may enhance the efficiency of market operation.

  • This mode leaves as much as possible of the energetically favourable ®rst layer exposed and reduces strain because the islands are able to relax laterally.

  • Defined Terms 1 1.2. Other Definitional Provisions 34 35 1.3. Delivery of Notices or Receivables 34 35 2.1. Term Commitments 34 35 2.2. Procedure for Term Loan Borrowing 35 36 2.3. RESERVED 35 36 2.4. RESERVED 35 36 2.5. RESERVED 35 36 2.6. RESERVED 35 36 2.7. RESERVED 35 36 2.8. Repayment of Loans; Evidence of Debt 35 36 2.9. Interest Rates and Payment Dates 36 37 2.10.

  • AMOUNT AND TERMS OF COMMITMENTS 33 2.1 Term Commitments 33 2.2 Procedure for Term Loan Borrowing 33 2.3 Repayment of Term Loans.

Related to Procedure for Term Loan Borrowing

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

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

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • 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 SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

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

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term B Lenders pursuant to Section 2.01(b).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Notice of Swingline Borrowing shall have the meaning set forth in Section 2.4.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Base Rate Term Loan means any portion of a Term Loan during any period in which such portion bears interest based on the Base Rate.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.