XXXXX Borrowing means, as to any Borrowing, the XXXXX Loans comprising such Borrowing.
XXXXX Borrowing means, as to any Borrowing, the Loans bearing interest at a rate based on Adjusted Daily Simple XXXXX comprising such 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.
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.
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 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 3.02 (with respect to the entering into, borrowing under, guaranteeing under, and performance of the Loan Documents and the granting of Liens in the Collateral), Section 3.03(b)(i) (with respect to the entering into, borrowing under, guaranteeing under, and performance of the Loan Documents and the granting of Liens in the Collateral), Section 3.08, Section 3.14, Section 3.16, Section 3.18(a), Section 3.18(b),...