XXXXX Borrowing definition

XXXXX Borrowing means, as to any Borrowing, the XXXXX Loans comprising such Borrowing.

XXXXX Borrowing means a Term XXXXX Borrowing or a Daily Compounded XXXXX Borrowing, as applicable.

XXXXX Borrowing means, as to any Borrowing, the Loans bearing interest at a rate based on Adjusted Daily Simple XXXXX comprising such Borrowing.

Examples of XXXXX Borrowing in a sentence

Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Lender so notifies the Borrowers, then so long as an Event of Default is continuing (a) no outstanding Loan may be converted to or continued as a XXXXX Borrowing or SOFR Borrowing and (b) unless repaid, each XXXXX Loan and SOFR Loan shall be converted to a Canadian Prime Borrowing or U.S. Base Rate Borrowing, respectively, at the end of the then-current Interest Period applicable thereto.
A Borrowing denominated in Sterling shall at all times be a XXXXX Borrowing (subject to the last sentence of the definition of “Daily Simple XXXXX”), and each such XXXXX Borrowing shall automatically be continued as a XXXXX Borrowing in Sterling on each Interest Payment Date, unless repaid as provided herein on or prior to such date.
If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a SOFR Borrowing, EURIBOR Borrowing or XXXXX Borrowing, the Borrower shall be deemed to have selected an Interest Period of 1 month’s duration.
If no Interest Period with respect to any SOFR Borrowing, EURIBOR Borrowing or XXXXX Borrowing is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of 1 month’s duration.
A Borrowing denominated in Sterling shall at all times be a XXXXX Borrowing (subject to the last sentence of the definition of “Daily Simple XXXXX”).

More Definitions of XXXXX Borrowing

XXXXX Borrowing means as to any Borrowing, the XXXXX Loans comprising such Borrowing. “XXXXX Loan” means a Loan that bears interest at a rate based on Adjusted Term XXXXX or Daily Compounded XXXXX, as applicable, in each case, other than pursuant to clause (b) of the definition of “Canadian Prime Rate”. “XXXXX Rate Day” has the meaning specified in the definition of “Daily Compounded XXXXX”. “Covered Debt Amount” means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date. “Covered Taxes” means (i) Taxes other than Excluded Taxes and (ii) Other Taxes. “Credit Default Swap” means any credit default swap entered into as a means to (i) invest bonds, notes, loans, debentures or other securities on a leveraged basis (including without limitation, total return swaps) or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

XXXXX Borrowing means, as to any Borrowing, the XXXXX Loans comprising such Borrowing. “XXXXX Loan” means a Loan that bears interest at a rate based on Adjusted Daily Compounded XXXXX. “Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. “Covered Entity” is defined in Section 12.30 hereof. “Covered Party” is defined in Section 12.30 hereof. “Credit Documents” means this Agreement, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, the Notes, the Applications, the Letters of Credit and each Subsidiary Guarantee Agreement delivered to the Administrative Agent pursuant to Section 7.21 hereof. “Credit Event” means the advancing of any Loan or Swingline Loan, the continuation of or conversion into a Eurocurrency Loan denominated in an Alternative Currency, or the issuance of, or extension of the expiration date or increase in the amount of, any Letter of Credit. “CRR” means the Council Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012. “Currency Rate” means, with respect to Euros, and Australian Dollars, and Canadian

XXXXX Borrowing means, as to any Borrowing, the XXXXX Loans comprising such Borrowing. “XXXXX Xxxx” means a Loan that bears interest at a rate based on Daily Simple XXXXX. “XXXXX Xxxx Day” has the meaning specified in the definition of “Daily Simple XXXXX”. “Special Purpose Entity” means a direct or indirect subsidiary of Holdings, whose organizational documents contain restrictions on its purpose and activities and impose requirements intended to preserve its separateness from Holdings and/or one or more Subsidiaries of Holdings. “Specified Acquisition Agreement Representations” means such of the representations made by, or with respect to, the Acquired Business in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower (or any of its affiliates) has the right (taking into account any applicable cure provisions) to terminate its obligations under the Acquisition Agreement or decline to consummate the Acquisition (in each case, in accordance with the terms thereof) as a result of a breach of such representations in the Acquisition Agreement. “Specified Discount” has the meaning assigned to such term in Section 2.09(a)(ii)(B)(1). “Specified Discount Prepayment Amount” has the meaning assigned to such term in Section 2.09(a)(ii)(B)(1). “Specified Discount Prepayment Notice” means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.09(a)(ii)(B) substantially in the form of Exhibit I. “Specified Discount Prepayment Response” means the irrevocable written response by each Lender, substantially in the form of Exhibit J, to a Specified Discount Prepayment Notice. “Specified Discount Prepayment Response Date” has the meaning assigned to such term in Section 2.09(a)(ii)(B)(1). “Specified Discount Proration” has the meaning assigned to such term in Section 2.09(a)(ii)(B)(3). “Specified Representations” means the representations and warranties set forth in Section 3.01(a) and (b) (in each case, with respect to Holdings, the Borrower and the Guarantors), Section

Related to XXXXX Borrowing

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such 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.
Term B Borrowing means a borrowing consisting of simultaneous Term B Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term B Lenders pursuant to Section 2.01(b).
SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.
Canadian Borrowing means a Borrowing of Canadian 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 Revolving Lenders pursuant to Section 2.01(b).
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.
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).
Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.
Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.
Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).
ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.
Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.
Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.
Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate 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 Loan Borrowing means a borrowing of a Revolving Loan.
Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.
Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.
Mandatory Borrowing shall have the meaning provided in Section 2.1(d).
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).