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 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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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.

  • 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.

  • Unless otherwise defined in this Electronic Consent, defined terms have the same meaning as set forth in the Account Agreement.

  • In the case of each Refinancing Borrowing, the proceeds thereof shall be deemed to have been applied to repay the Borrowing or Borrowings specified as being refinanced thereby in the applicable Borrowing Request and no funds shall be required to be advanced by any Lender in respect of the making of any Loan included in such Refinancing Borrowing or by the applicable Borrower in respect of the repayment of any Borrowing being refinanced thereby.

  • 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").

  • 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.

  • The Project continues to be needed, and each Refinancing Borrowing shall be structured so that the estimated weighted average life of that Refinancing Borrowing does not exceed the remaining estimated dollar weighted average life of the assets that are refinanced by it.

  • Discounted Notes, (1) the requested Maturity Date of such Discounted Notes and (2) the amount of proceeds thereof, if any, that are to SS_NYL3/160823 9 constitute a Refinancing Borrowing.


More Definitions of Refinancing Borrowing

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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Refinancing Borrowing means a Borrowing used to pay a Reimbursement Obligation.
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Refinancing Borrowing has the meaning given such term in Section 7.3.
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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.

  • 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 Eurodollar 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 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).

  • 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 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).

  • 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 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 Rate Loans.

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.