Term B-1 Borrowing definition

Term B-1 Borrowing means a borrowing consisting of Term B-1 Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term B-1 Lenders pursuant to Section 2.01(a)(i).
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Term B-1 Borrowing means any Borrowing comprised of Term B-1 Loans.
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Term B-1 Borrowing means a borrowing consisting of simultaneous Term B-1 Advances of the same Type made by the Term B-1 Lenders.
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Examples of Term B-1 Borrowing in a sentence

  • The Term B-1 Borrowing shall consist of Term B-1 Loans made simultaneously by the Term B-1 Lenders in accordance with their respective Term B-1 Commitments.

  • The Term B-1 Borrowing shall consist of Term B-1 Advances made simultaneously by the Term B-1 Lenders ratably according to their Term B-1 Commitments.

  • Each Term B-1 Lender will make the amount of its pro rata portion of the Term B-1 Borrowing available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in Section 10.01 prior to 10:00 a.m., New York City time, on the Original Effective Date in funds immediately available to the Administrative Agent.

  • The aggregate Term B-1 Commitments shall be automatically and permanently reduced to zero on the date of the Term B-1 Borrowing.

  • Each Term B-1 Borrowing consisted of Term B-1 Loans made simultaneously by the Term B-1 Lenders in accordance with their respective Term B-1 Commitments.

  • The Term B1 Borrowing shall consist of Term B1 Loans made simultaneously by the Term B Lenders in accordance with their respective Term B1 Commitments.

  • The Additional Term B-1 Borrowing shall consist of Additional Term B-1 Advances made simultaneously by the Additional Term B-1 Lenders ratably according to their Additional Term B-1 Commitments.

  • In addition, the parties hereto agree that such Initial Term B-1 Borrowing shall have a Eurodollar Rate of 0.75%.

  • Ladies and Gentlemen: The undersigned hereby requests the [Term A Borrowing] [Term B-1 Borrowing] [Term B-2 Borrowing] on [__] (which is a Business Day) in the aggregate principal amount of $[60,000,000] [10,000,000] [55,000,000].

  • YORKTON AIRPORT AUTHORITY The Yorkton Airport Authority was established in March 2008.


More Definitions of Term B-1 Borrowing

Term B-1 Borrowing means a Borrowing comprised of Term B-1 Loans.
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Term B-1 Borrowing means a borrowing consisting of simultaneous Term B-1 Loans of the same Type and, in the case of Term SOFR Loans, having the same Interest Period made by each of the Term B-1 Lenders pursuant to Section 2.01(d).
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Term B-1 Borrowing means a Borrowing comprised of Term B-1 Loans on the Amendment Effective Date.
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Term B-1 Borrowing means a borrowing consisting of simultaneous Term B-1 Loans made by each of the Term B-1 Lenders pursuant to Section 2.01(b)(i). “Term B-1 Commitment” means, as to each Term B-1 Lender, its obligation to make a Term B-1 Loan to the Borrower pursuant to Section 2.01(b)(i), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term B-1 Commitments of all of the Term B-1 Lenders as in effect on the Effective Date is FIVE MILLION DOLLARS ($5,000,000). “Term B-1 Facility” means, at any time, (a) on or prior to the funding of the Term B-1 Loans, the aggregate amount of the Term B-1 Commitments at such time and (b) thereafter, the aggregate Outstanding Amount of the Term B-1 Loans of all Term B-1 Lenders outstanding at such time. “Term B-1 Lender” means (a) at any time on or prior to the funding of the Term B-1 Loans, any Lender that has a Term B-1 Commitment at such time and (b) at any time after the funding of the Term B-1 Loans, any Lender that holds one or more Term B-1 Loans at such time. “Term B-1 Loan” means an advance made by any Term B-1 Lender under the Term B-1 Facility. “Term B-1 Note” has the meaning set forth in Section 2.09. 36 CHAR1\1707916v5
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Related to Term B-1 Borrowing

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

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

  • 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).

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

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

  • 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.

  • 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).

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

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

  • Term B-1 Loans has the meaning specified in Section 2.01(a)(ii).

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

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

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

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • 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.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Term B-1 Lender means a Lender with an outstanding Term B-1 Loan Commitment or an outstanding Term B-1 Loan.

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • 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).

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

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).