US Borrowing definition

US Borrowing means a borrowing consisting of US Revolving Loans made on the same day by the Lenders (or Agent on behalf thereof), or by Swing Lender in the case of a Swing Loan, or by Agent in the case of an Extraordinary Advance.
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US Borrowing means a Borrowing comprised of U.S. Loans.
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US Borrowing means (a) US Revolving Loans of the same Type or a Letter of Credit, 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, or (b) a Swingline Loan.
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Examples of US Borrowing in a sentence

  • Each Borrowing Base Certificate shall set forth the calculation of the U.S. Borrowing Base in Dollars and of the Canadian Borrowing Base in the Dollar Equivalent.

  • If no currency is specified with respect to any requested Eurocurrency Borrowing, then (i) in the case of a Borrowing by the Company, a US Borrowing Subsidiary or a Canadian Borrowing Subsidiary, the applicable Borrower shall be deemed to have selected US Dollars and (ii) in the case of a Borrowing by a UK Borrowing Subsidiary, the applicable Borrower shall be deemed to have selected Sterling.

  • Each Applicable Lender shall timely honor its Facility Commitment by funding its Pro Rata share of each Borrowing of Revolver Loans under such Facility Commitment that is properly requested hereunder; provided, however, that no Lender shall be required to honor its Facility Commitment by funding its Pro Rata share of any Borrowing that would cause the U.S. Revolver Exposure to exceed the U.S. Borrowing Base or the Canadian Revolver Exposure to exceed the Canadian Borrowing Base, as applicable.

  • If the aggregate U.S. Revolver Loans exceed the U.S. Borrowing Base (a “U.S. Overadvance”) at any time, the excess amount shall be payable by U.S. Borrowers on demand by Agent, but all such U.S. Revolver Loans shall nevertheless constitute U.S. Facility Obligations secured by the U.S. Facility Collateral.

  • U.S. Availability: the U.S. Borrowing Base minus U.S. Revolver Usage.


More Definitions of US Borrowing

US Borrowing means a borrowing consisting of simultaneous US Advances of the same Type made by the US Lenders pursuant to Section 2.1(a) or Converted by each US Lender to US Advances of a different Type pursuant to Section 2.6(b).
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US Borrowing means a US Revolving Borrowing or a Swing Line Borrowing.
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US Borrowing means the borrowing of one Type of US Revolving Loan from all the Lenders, or from the Swingline Lender in the case of US Swingline Loans, on a given date (or resulting from a conversion or conversions on such date) having in the case of US LIBOR Loans the same Interest Period; provided that Base Rate Loans incurred pursuant to Section 2.10(b) shall be considered part of the related US Borrowing of US LIBOR Loans.
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US Borrowing means all U.S. Revolving Loans of a single Type and made on a single date and, in the case of Term SOFR Loans, as to which a single Interest Period is in effect. Unless the context indicates otherwise, the term “U.S. Borrowing” shall also include any U.S. Swingline Borrowing and any U.S. Agent Advance.
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US Borrowing means a borrowing hereunder consisting of U.S. Advances made on the same day by the Lenders (or Agent on behalf thereof), or by U.S. Swing Lender in the case of a U.S. Swing Loan, or by Agent in the case of a U.S. Protective Advance, in each case, to Administrative Borrower.
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US Borrowing means a borrowing consisting of simultaneous U.S. Loans of the same Type, in the same currency and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each U.S. Lender (other than the applicable U.S. Non-Qualified Lenders) pursuant to Section 3.1.
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US Borrowing means a U.S. Revolving Borrowing or a U.S. 364 Day Borrowing.
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