Revolving B Borrowing definition

Revolving B Borrowing means a borrowing consisting of simultaneous Revolving B Loans of the same Type, in the same currency and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Revolving B Lenders pursuant to Section 2.01(b)(ii)(A).
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Revolving B Borrowing means a Borrowing comprised of Revolving B Loans.
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Revolving B Borrowing means, subject to Sections 2.03(c)(ii) and 2.04(e), a borrowing consisting of simultaneous Revolving B Advances of the same Type made by each Bank pursuant to Section 2.03(a), continued by each Bank pursuant to Section 2.03(b), or Converted by each Bank to Revolving B Advances of a different Type pursuant to Section 2.03(b).
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Examples of Revolving B Borrowing in a sentence

  • Notwithstanding the preceding sentence, any U.S. Tranche Revolving B Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter to the Administrative Agent not less than three (3) Business Days prior to the date of such U.S. Tranche Revolving B Borrowing.

  • Notwithstanding the preceding sentence, any Alternative Currency Tranche Revolving B Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be subject to the receipt by the Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Alternative Currency Tranche Revolving B Borrowing.

  • Borrowings and Advances are also distinguished by "Class." The "Class" of a Borrowing or an Advance refers to the determination whether such Borrowing or Advance is a Revolving A Borrowing or a Revolving B Borrowing or a Revolving A Advance or a Revolving B Advance, as applicable.

  • Each Revolving B Borrowing shall be in an aggregate amount not less than $5,000,000.00 and in integral multiples of $1,000,000.00 in excess thereof and shall consist of Revolving B Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving B Commitments.


More Definitions of Revolving B Borrowing

Revolving B Borrowing means the aggregate of the simultaneous Revolving B Advances of the same Type made by the Lenders in response to a single Notice of Borrowing.
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Related to Revolving B Borrowing

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • 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 Borrowing.

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

  • 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.

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

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

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Credit Loans as defined in Section 2.1.

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

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

  • Revolving Loan has the meaning specified in Section 2.01(a).