Third Party Borrowing definition

Third Party Borrowing means any Indebtedness of any Borrower Group Company owed to any party which is not a Group Company.
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Third Party Borrowing means a Utilisation made in accordance with the provisions of Clause 3.1 (Purpose) and Clause 4.1(b)(ii).
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Third Party Borrowing means short and long term borrowing of any of the Target Companies from banks or other lenders (but not including finance leases requiring payments of up to $2,000,000 per annum or the Intra-Group Debt).
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Examples of Third Party Borrowing in a sentence

  • For the purpose of calculating the financial covenants under this clause 18, the Borrower may procure any Inter-Group Borrowing or any Third Party Borrowing be deemed and treated as Subordinated Indebtedness pursuant to a Group Subordination Deed or, as the case may be, a Third Party Subordination Deed.

  • The DBOM Contractor shall finance and pay for any Capital Modification for which it is financially responsible under this Article without reimbursement from or other claim upon the BWS, subject to the limitations set forth in subsection 14.1(D) (Third Party Borrowing or Financing).

Related to Third Party Borrowing

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

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

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

  • 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.

  • 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.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • 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.

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

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

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

  • Notice of Swingline Borrowing means a notice substantially in the form of Exhibit G (or such other form reasonably acceptable to the Administrative Agent and containing the information required in such Exhibit) to be delivered to the Swingline Lender pursuant to Section 2.4.(b) evidencing the Borrower’s request for a Swingline Loan.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted by the Borrower under the bidding procedure described in Section 2.03.

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

  • 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.

  • 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.”

  • 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.

  • Canadian Borrowing means a Borrowing of Canadian 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).

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • 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 Committed Borrowing has the meaning set forth in Section 2.02.