Supplemental Borrowing definition

Supplemental Borrowing has the meaning specified in Section 2.02(d).
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Supplemental Borrowing means a Borrowing consisting of simultaneous Supplemental Advances of the same type made by one or more Supplemental Lenders.
Sample 1

Examples of Supplemental Borrowing in a sentence

  • All Contracts included in the Supplemental Borrowing Base are Class 1 Eligible Contracts.

  • Promptly following Lender's receipt from Servicer of a Servicer's Certificate delivered pursuant to Section 2.09 of the Servicing Agreement and Section 6.19 hereof, Lender shall provide Borrower with notice of Lender's most recent determination of (i) the Net Securitization Proceeds Percentage and (ii) the Supplemental Borrowing Base.

  • Each Lender shall, before 12:00 noon (or such other time agreed upon by the Borrower and the Administrative Agent) on the date of the applicable Borrowing (or, in the case of any Supplemental Borrowing, as promptly as practical following receipt of the Notice of a Non-Funding Lender), make available for the account of its Applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing.

  • The Total Warehouse Outstandings shall not exceed the Borrowing Base and the Total Supplemental Outstandings shall not exceed the Supplemental Borrowing Base (in each case, after giving effect to such Loan, in the case of a Warehouse Loan, after giving effect to the new Contracts being pledged to Lender under the Security Agreement on such date).

  • The Supplemental Borrowing shall be deemed to be requested to be made on the Funding Date as a Base Rate Loan, and the location and number of the account to which funds are deemed to be requested to be disbursed in respect of the Supplemental Borrowing shall be identical to those specified by the Borrower in the Notice of Borrowing delivered in respect of the initial Borrowing.

  • The Borrowing of Loans shall be in an aggregate principal amount of at least $100,000,000 or an integral multiple of $1,000,000 in excess thereof and shall be made by the Lenders ratably according to their respective Aggregate Commitments (excluding, in the case of a Supplemental Borrowing, the Commitments of the Non-Funding Lenders).

  • Each Notice of Warehouse Borrowing and each Supplemental Borrowing Request shall contain a statement as to the Rolling 60-Day Other Warehouse Facility Aggregate Total Outstandings and the Rolling 60-Day Aggregate Total Outstandings, in each case as of the last day of the immediately preceding calendar month.

  • The Balance Deficiency Fee and the Supplemental Borrowing Fee ------------------- shall be calculated on the basis of a 360 day year for the number of days elapsed or to elapse, as the case may be, in the relevant Discount Loan Interest Period.

  • If a Supplemental Borrowing Base Deficiency has occurred on any day (other than the last day of the immediately preceding calendar month), Borrower shall prepay the Total Supplemental Outstandings in an amount equal to such Supplemental Borrowing Base Deficiency within one (1) Business Day after the occurrence of such Supplemental Borrowing Base Deficiency.

  • Borrower shall establish a Supplemental Borrowing Account with Administrative Agent, and Borrower shall deposit into said account such funds (if any) as may required so that the Availability Limit shall at all times equal or exceed the total Outstanding Obligations under this Agreement.

Related to Supplemental Borrowing

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

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

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR 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 Revolving Credit 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.

  • 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.

  • 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).

  • 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).

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • LIBO Borrowing means a Borrowing comprised of LIBO Loans.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • 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).

  • 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.

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

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

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

  • 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.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

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

  • 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).

  • 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.”

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