Examples of XXXXX Borrowing in a sentence
Each XXXXX Borrowing shall be in an aggregate amount of the Dollar Amount of $5,000,000 or a larger multiple of the Dollar Amount of $100,000.
If no election as to the Type of a Borrowing is specified in the applicable Borrowing Request, then the requested Borrowing shall be, (i) in the case of a Borrowing in Dollars, a Term SOFR Borrowing, (ii) in the case of a Borrowing in Euros, a Eurocurrency Rate Borrowing, and (iii) in the case of a Borrowing in Sterling, a XXXXX Borrowing.
If the applicable Borrower fails to deliver a timely and complete Interest Election Request with respect to a XXXXX Borrowing prior to the Interest Payment Date therefor, then, unless such XXXXX Borrowing is repaid as provided herein, the applicable Borrower shall be deemed to have selected that such XXXXX Borrowing shall automatically be continued as a XXXXX Borrowing bearing interest at a rate based upon Daily Simple XXXXX as of such Interest Payment Date.