Examples of Reborrowing in a sentence
On or prior to the date which is the sixtieth (60th) calendar day prior to the proposed Optional Revolving Date, the Borrower shall deliver written notice to the Agent stating (i) that the Borrower elects to make a payment in connection with an Optional Reborrowing and (ii) the proposed Revolving Amount.
On or prior to the date which is the sixtieth (60th) calendar day prior to the proposed Optional Revolving Date, the Borrower Representative shall deliver written notice to the Agent stating (i) that the applicable Borrowers elect to make a payment in connection with an Optional Reborrowing and (ii) the proposed Revolving Amount.
Clauses 6.3 (Reborrowing), 7.3.2 (Voluntary prepayment of Loan) and 7.9 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 17.5 except that the minimum threshold in Clause 7.3.2 (Voluntary prepayment of Loan) shall not apply.
CREDIT LINE/FINANCE CHARGES/OTHER CHARGES 8 2.1. Credit Line 8 2.2. Product Advances 8 2.3. A/R Advances 9 2.4. Finance and Other Charges 10 2.5. Customer Account Statements 11 2.6. Shortfall 11 2.7. Application of Payments 11 2.8. Prepayment and Reborrowing By Customer 11 Section 3.
A way to overcome this problem has recently been introduced with the so-called silCoat-technology [4–6].
Clauses 6.3 (Reborrowing), 7.3.3 (Voluntary prepayment of Loan) and 7.7 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 17.14 and the value of any additional security provided shall be determined by the Lender in its discretion.
All documents, instruments and certificates required to be delivered pursuant to the conditions contained in Section 2.10 of the Master Agreement, including (i) the Reborrowing Documents, as well as (ii) a Compliance Certificate and (iii) an Organizational Certificate will be delivered on or before the Closing Date.
Application of Payments 13 2.11 Prepayment and Reborrowing By Customers.
Reborrowing, then, is doing the same but through an existing borrow.
This constitutes a Reborrowing Request pursuant to the terms of the above-referenced Master Agreement.