Term Credit Borrowing definition

Term Credit Borrowing means the borrowing consisting of simultaneous Term Credit Advances made by each of the Lenders pursuant to Section 2.01.
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Term Credit Borrowing means a Borrowing under the Term Credit Commitments.
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Term Credit Borrowing means Term Loans made on the same day by the Lenders ratably according to their respective Term Credit Commitments.
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Examples of Term Credit Borrowing in a sentence

  • Each Lender shall, before 12:00 noon (New York City Time) on the Effective Date, make available for the account of its Lending Office to the Administrative Agent at the Administrative Agent's Account, in same day funds, such Lender's ratable portion of the Term Credit Borrowing.

  • If such Lender shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender's Term Credit Advance as part of such Term Credit Borrowing for purposes of this Agreement and the Borrower shall be relieved of its obligations to repay such amount under this Section 2.02(d).

  • Notwithstanding any other provision of this Agreement, in no event shall any Bank be obligated to make an Intermediate Term Credit Loan if immediately thereafter the aggregate outstanding principal amount of all of such Bank's Intermediate Term Credit Loans would exceed the lesser of such Bank's then applicable Intermediate Term Credit Commitment or such Bank's Intermediate Term Credit Applicable Percentage of the Intermediate Term Credit Borrowing Base.

  • Each Lender shall, before 12:00 noon (Puerto Rico Time) on the Effective Date , 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 Term Credit Borrowing.

  • Each Lender shall, before 12:00 noon (Puerto Rico Time) on the Effective Date, 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 Term Credit Borrowing.

  • The Term Credit Borrowing shall be in an aggregate amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof.

  • Each Term Credit Borrowing shall be comprised entirely of Canadian Prime Loans, Base Rate Loans or LIBO Rate Loans as the Borrower may request in accordance herewith.

  • Notwithstanding any other provision of this Agreement, in no event shall any Bank be obligated to make an Intermediate Term Credit Loan if immediately thereafter the aggregate outstanding principal amount of all of such Bankts Intermediate Term Credit Loans would exceed the lesser of such Bank's then applicable Intermediate Term Credit Commitment or such Bank's Intermediate Term Credit Applicable Percentage of the Intermediate Term Credit Borrowing Base.

  • The Company’s share of post-acquisition profit or loss is recognised in the statement of comprehensive income, and its share of post-acquisition movements in other comprehensive income is recognised in other comprehensive income with a corresponding adjustment to the carrying amount of the investment.

  • The Term Credit Borrowing shall be made on notice, given not later than 11:00 A.M. (New York City Time) on the third Business Day prior to the Effective Date by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier.

Related to Term Credit Borrowing

  • 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).

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

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

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

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

  • 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.

  • 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.

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

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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.

  • 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.

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

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

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

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate 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).

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

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

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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