Refinancing Borrowing definition

Refinancing Borrowing means a Revolving Credit Borrowing consisting of the purchase of Discounted Notes on such date to the extent that (a) the Discounted Purchase Price thereof is not greater than the Face Amount of the Discounted Notes maturing on such date and (b) the proceeds of such Revolving Credit Borrowing are used to repurchase the Discounted Notes maturing on such date.
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Refinancing Borrowing means a borrowing of Refinancing Loans.
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Refinancing Borrowing means a Borrowing identified as such in the Borrowing Request therefor, all the proceeds of which are to be used for the purpose of refinancing one or more other Borrowings on or prior to the applicable Borrowing Maturity Date or Borrowing Maturity Dates.
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Examples of Refinancing Borrowing in a sentence

  • Each Borrowing of Prime Rate Loans (other than an L/C Refinancing Borrowing) shall be in an amount not less than $25,000 or any larger amount that is an integral multiple of $25,000.

  • Administrative Agent and each Bank hereby waive the requirements of Section 3.2(a) and Section 7.2(a) with respect to the Refinancing Borrowing to the extent, but only to the extent, such Sections require the delivery of a Request for Borrowing as a condition precedent to the obligation of each Bank to loan its Commitment Percentage of each Borrowing.

  • At the time of the making of each Loan and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties contained herein or in the other Credit Documents (other than, in the case of a CP Refinancing Borrowing, in Section 6.04 and the last sentence of Section 6.09) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Loan.

  • Parent, Borrower, Administrative Agent and each Bank acknowledge that all the proceeds of the initial Borrowing to be made on the Closing Date are to be applied to refinance in full all Obligations outstanding under and as defined in the Existing Credit Agreement (the "Refinancing Borrowing").

  • At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties contained herein or in the other Credit Documents (other than, in the case of a CP Refinancing Borrowing, in Section 6.04 and the last sentence of Section 6.09) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event.

  • Each Borrowing of Prime Rate Loans (other than an L/C Refinancing Borrowing) shall be in an amount not less than $500,000 or any larger amount that is an integral multiple of $100,000.

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  • Each Agent and each Bank hereby waive the requirements of SECTIONS 2.2 and 6.2(A) hereof with respect to the Refinancing Borrowing to the extent, but only to the extent, such Sections require the delivery of a Notice of Borrowing as a condition precedent.

  • Administrative Agent and each Bank hereby waive the requirements of Section 2.2(a) and Section 6.2(a) with respect to the Refinancing Borrowing to the extent, but only to the extent, such Sections require the delivery of a Request for Borrowing as a condition precedent to the obligation of each Bank to loan its Commitment Percentage of each Borrowing.

  • Borrower, Agent and -------------------------------------- each Bank acknowledge and agree that Borrower has requested a Borrowing to be made on the Closing Date in the aggregate amount of $87,450,000 ($10,450,000 of which will constitute a Base Rate Borrowing, and $77,000,000 of which will constitute a Eurodollar Borrowing), all the proceeds of which are to be applied to refinance all Obligations outstanding under and as defined in the Existing Credit Agreement (the "Refinancing Borrowing").


More Definitions of Refinancing Borrowing

Refinancing Borrowing means a Revolving Credit Borrowing consisting of the purchase of Discounted Notes on such date to the extent that (a) the Discounted Purchase Price thereof is not greater than the Face Amount of the Discounted Notes maturing on such date and
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Refinancing Borrowing has the meaning given such term in Section 7.3.
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Refinancing Borrowing means a Borrowing used to pay a Reimbursement Obligation.
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Related to Refinancing Borrowing

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • 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.

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

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

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

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

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

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

  • 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.”

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

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

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • 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.

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

  • 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.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

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

  • 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).

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

  • Refinancing Loan has the meaning specified in Section 2.15(b).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).