Third Borrowing definition

Third Borrowing shall have the meaning assigned to such term in Section 2.01(a).
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Third Borrowing means the third Borrowing under this Agreement upon satisfaction of the conditions precedent set forth in Section 6.02.
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Third Borrowing means the making of the Third Loan by the Lenders on the
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Examples of Third Borrowing in a sentence

  • The Administrative Agent shall have received a written Certificate certified by the Responsible Officer of the Borrower setting forth the Agreed Third Borrowing Invoices to be paid with the proceeds of the Third Borrowing and certifying the funds from the Second Borrowing were used to pay the Agreed Second Borrowing Invoices, in each case, as set forth in Section 5.12.

  • The Administrative Agent shall have received from the Borrower a promissory note (in respect of the Third Borrowing) signed on behalf of the Borrower (or written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page to this Agreement) that such party has signed a counterpart of such promissory note).

  • At the end of the Third Borrowing Period, Agent shall calculate the aggregate principal balance of all then outstanding Equipment Loans made during the Third Borrowing Period, which amount shall amortize in equal and consecutive monthly installments of principal, based on a 36-month amortization schedule (the amount of each such monthly installment, the “Third Borrowing Period Monthly Installment”).

  • The Notice of Borrowing for the Third Borrowing shall be delivered to the Lenders no later than February 29, 2016.

  • The amount of such Borrowing may either be (A) up to $10,000,000, provided that Borrowers have achieved a Third Borrowing Minimum Revenue of at least $35,000,000, or (B) up to $15,000,000, provided that Borrowers have achieved a Third Borrowing Minimum Revenue of at least $40,000,000.

  • Unless contemplated by the RSA, upon the failure to satisfy the Conditions Precedent to the Third Borrowing, the Debtors shall not take any action including, without limitation, engaging an investment banker, contacting potential bidders, or seeking approval of a motion to approve bidding procedures, with regard to the Debtors’ Equity Interest in EHH or any of EHH’s Affiliates or Subsidiaries, without the consent of both the Required Backstop Lenders.

  • For the Lenders, pro rata in accordance with their Proportionate Shares, the Warrants, duly executed by Borrower equal to ***% of the common stock of Borrower, calculated on a Fully-Diluted Basis (as defined in the Warrant) as of the dated of the Third Borrowing).

  • The Third Borrowing shall be in an amount equal to $[*] less the amount of the First Borrowing and the Second Borrowing.

  • Each of the First Borrowing, the Second Borrowing, the Third Borrowing and the Fourth Borrowing shall be made by the Lenders ratably in accordance with their respective Commitments.

  • A Notice of Borrowing shall have been received no later than sixty (60) calendar days after achievement by Borrower of the Third Borrowing Milestone.


More Definitions of Third Borrowing

Third Borrowing has the meaning set forth in Section 6.03.
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Related to Third 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.

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

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • 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.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.