Second Borrowing definition

Second Borrowing shall have the meaning assigned to such term in Section 2.01(a).
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Second Borrowing has the meaning set forth in Section 2.1(b).
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Second Borrowing means the second Borrowing under this Agreement in accordance with in Section 2.02.
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Examples of Second Borrowing in a sentence

  • An advance of at least $10,000,000 has occurred pursuant to Section 6.02 as the Second Borrowing.

  • All Applicable Permits required for the construction of the Project and operation of the Project required to have been obtained by the Second Borrowing Date from any Governmental Authority have been issued and are in full force and effect and not subject to appeal or to any unsatisfied conditions that may allow material modification or revocation.

  • The Notice of Borrowing required pursuant to Section 6.03(d) and Section 2.02 shall have been received no later than 90 calendar days following achievement of the Second Borrowing Milestone.

  • All of the Operative Documents to be executed and delivered with respect to the Project on or prior to the Second Borrowing Date shall be in full force and effect without change or amendment since the respective dates of their execution and delivery hereunder except as permitted hereunder.

  • The book value of any Pool Real Property included in the Second Borrowing Base shall be subject to adjustments from time to time approved by Agent in its reasonable discretion to take into account partial dispositions, costs of improvement, damage, destruction, other casualty, condemnation, eminent domain, contamination and other adverse events.

  • In the event that Agent notifies Borrower in writing of any inaccuracy in a Borrowing Base Certificate, the amount calculated as the Initial Borrowing Base, the Second Borrowing Base or the Secured Borrowing Base, as applicable, in such Borrowing Base Certificate shall be revised as reasonably determined by Agent.

  • Borrower agrees at all times to cause the Initial Borrowing Base, the Second Borrowing Base and the Secured Borrowing Base to be not less than the Aggregate Outstandings.

  • The payment in kind of the Final Upfront Fee shall not utilize any Commitments hereunder and shall not be deemed to be part of the Second Borrowing.

  • Ms H Lagden, Purbeck Tourism Officer, reported on the following matters:-a) Swanage & Purbeck Holiday GuideThe 2015 edition was now being distributed.

  • If the Borrower wishes to draw the Second Borrowing, then the Borrower shall have delivered to the Lenders a notice certifying achievement of the Second Borrowing Milestone no later than 60 days after achieving such milestone, and the Lenders shall have been reasonably satisfied with the results of its audit of the Borrower’s Revenue by examining the Borrower’s books and records within 30 days following the delivery of such notice.


More Definitions of Second Borrowing

Second Borrowing means a Borrowing or Borrowings in the aggregate amount of €1,000,000,000, less the aggregate amount of the First Borrowing, less the aggregate amount of any Net Cash Proceeds that PPG and its Subsidiaries receive following the Effective Date that have not been used to reduce the First Borrowing.
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Second Borrowing means the second Borrowing under the Existing Term Loan Agreement on November 21, 2014.
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Second Borrowing has the meaning set forth in Section 2.1(a).
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Second Borrowing means the making of the Second Loan by the Lenders on the Second Borrowing Date.
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Second Borrowing means the second Borrowing under this Agreement on the Closing Date.
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Second Borrowing shall have the meaning given such term in the preamble to this Agreement.
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Related to Second Borrowing

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

  • 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.

  • 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.

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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.

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

  • 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).

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

  • 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.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

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

  • Committed Borrowing means a borrowing consisting of simultaneous Committed 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.

  • Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency 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).

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • 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.”

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

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

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