Tranche A Revolving Borrowing definition

Tranche A Revolving Borrowing means a Borrowing comprised of Tranche A Revolving Loans.
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Tranche A Revolving Borrowing means a borrowing consisting of simultaneous Tranche A Revolving Advances of the same Type made by each Lender pursuant to Section 2.01(a) or Converted by each Lender to Tranche A Revolving Advances of a different Type pursuant to Section 2.02(b).
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Tranche A Revolving Borrowing means Tranche A Revolving 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.
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Examples of Tranche A Revolving Borrowing in a sentence

  • Each outstanding Swing Line Advance made by the Swing Line Lender shall be paid in full on the earlier to occur of (i) the last day of each calendar month (it being agreed that, subject to the terms and conditions of this Agreement, the Borrower may request a Tranche A Revolving Borrowing consisting of Base Rate Advances to repay Swing Line Advances when due on each such date); and (ii) the Revolving Maturity Date.

  • The Administrative Agent and each Lender may record and otherwise treat the making of such Tranche A Revolving Borrowings as the making of a Tranche A Revolving Borrowing to the Borrower under this Agreement as if requested by the Borrower.

  • If the Borrower does not pay to the Swing Line Lender any such amounts when due and payable to the Swing Line Lender, the Swing Line Lender may upon notice to the Administrative Agent request the satisfaction of such obligation by the making of a Tranche A Revolving Borrowing in the amount of any such amounts not paid when due and payable.

  • Upon such request, the Borrower shall be deemed to have requested the making of a Tranche A Revolving Borrowing in the amount of such obligation and the transfer of the proceeds thereof to the Swing Line Lender.

  • Such Tranche A Revolving Borrowing shall initially consist of Base Rate Advances.

  • Each Tranche A Revolving Borrowing shall be in an aggregate amount not less than $100,000 and in integral multiples of $50,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Commitments.

  • The Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Administrative Agent and the Lenders having a Revolving Commitment to record and otherwise treat such payment under a Letter of Credit not immediately reimbursed by Borrower as a Tranche A Revolving Borrowing comprised of Base Rate Advances.

  • The Borrower shall have updated and delivered to the Successor Administrative Agent a Borrowing Base Certificate calculated as of April 30, 2021 with adjustments to reflect the changes to the definition of Tranche A Borrowing Base (and the component definitions thereof) and the definition of Tranche A Revolving Borrowing Base (and the component definitions thereof) after giving effect to this Amendment.

  • Borrowings also may be classified and referred to by Class (e.g., a "Tranche A Revolving Borrowing") or by Type (e.g., a "Tranche A LIBOR Borrowing") or by Class and Type (e.g., a "LIBOR Tranche A Revolving Borrowing").

  • Borrowings also may be classified and referred to by Class (e.g., a "Tranche A Revolving Borrowing") or by Type (e.g., a "LIBOR Revolving Borrowing") or by Class and Type (e.g., a "Tranche A LIBOR Revolving Borrowing").

Related to Tranche A Revolving Borrowing

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

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

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

  • 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.”

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

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

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

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • 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).

  • 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).

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

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

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

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

  • 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.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

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

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

  • 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).