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.
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.
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.
THE CREDIT Section 2.1 Revolving Credit Loans Section 2.2 Ratable Loans Section 2.3 Payment on Last Day of Interest Period Section 2.4 Reborrowing of Advances Section 2.5 Optional Principal Payments Section 2.6 Mandatory Principal Payments Section 2.7 Adjustments of Commitments.
Clauses 5.3 (Reborrowing), 6.2.3 (Voluntary prepayment of Loan) and 6.4 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 10.12 and the value of any additional security provided shall be determined as stated above.
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.
This constitutes a Reborrowing Request pursuant to the terms of the above-referenced Master Agreement.
For clarity, the purpose of this temporary waiver of the Reborrowing Requirements is solely to permit the reborrowing (i.e., rollover) of outstanding LIBOR Loans and not for the extension for any new Loans (and Borrower acknowledges its covenant under the Forbearance Agreement to not request borrowing of new Loans).
Clauses 5.3 (Reborrowing), 6.2 (Voluntary prepayment of Loan) and 6.5 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 10.14 and the value of any additional security provided shall be determined as stated above.