Yen Borrowing definition

Yen Borrowing means a borrowing consisting of simultaneous Yen 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 Yen Lender (other than the applicable Yen Non-Qualified Lenders) pursuant to Section 4.1.
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Yen Borrowing means at any time a borrowing hereunder consisting of Yen Loans which are made to a single Borrower at the same time by the Yen Lenders pursuant to Article 3 and have the same Interest Period.
Sample 1
Yen Borrowing a borrowing of Yen Loans hereunder.
Sample 1

Examples of Yen Borrowing in a sentence

  • If the requesting Yen Borrower fails to specify a currency in a Yen Loan Notice requesting a Yen Borrowing, then the Yen Loans so requested shall be made in Yen.

  • Each such notice must be received by Administrative Agent not later than 11:00 a.m., (a) four Business Days prior to the requested date of any Yen Borrowing of, conversion to or continuation of Eurocurrency Rate Loans and (b) two Business Days prior to the requested date of any Yen Borrowing of Base Rate Loans or ABR Rate Loans or of any conversion of Eurocurrency Rate Loans denominated in Yen or Dollars to ABR Rate Loans or Base Rate Loans, respectively.

  • Each Yen Borrowing, each conversion of Yen Loans denominated in Dollars or Yen from one Type of Dollar-denominated Loans or Yen-denominated Loans, as applicable, to the other and each continuation of Eurocurrency Rate Loans shall be made upon the requesting Yen Borrower’s irrevocable notice to Administrative Agent, which may be given by (A) telephone or (B) a Yen Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to Administrative Agent of a Yen Loan Notice.

  • Each Yen Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount permitted by Section 6.1.1. Each Yen Borrowing of or conversion to Base Rate Loans or ABR Rate Loans shall be in a principal amount permitted by Section 6.1.

  • The Administrative Borrower shall notify the Facility Agent by written notice of any prepayment hereunder (i) in the case of prepayment of a Singapore Dollar Borrowing, not later than 11:00 a.m., Singapore time, of the relevant Business Day, or (ii) in the case of prepayment of Yen Borrowing, not later than 11:00 a.m., Tokyo time, of the relevant Business Day in accordance with clause (a) or (b) above, as the case may be.

  • Subject to the provisions of Section 2.07(d), the Yen Loans comprising each Yen Borrowing shall bear interest (in Yen) at a rate per annum equal to TIBOR for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time.

  • If such Yen Lender shall repay to the Yen Administrative Agent such corresponding amount, such amount so repaid shall constitute such Yen Lender's Yen Loan included in such Yen Borrowing for purposes of this Agreement.

  • Without limiting the generality of the immediately preceding sentence, with respect to each such Borrowing and each such Letter of Credit, the phrase "Swiss Franc Borrowing" shall mean "Japanese Yen Borrowing"; the phrase "Swiss Franc Loans" shall mean "Japanese Yen Loans"; the phrase "Swiss francs" shall mean "Japanese Yen"; and the phrase "Swiss Franc Equivalent" shall mean "Japanese Yen Equivalent".

  • Each Yen Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Yen to the Borrowers pursuant to this Section from time to time on and after the Effective Date and prior to the Termination Date; provided that no Yen Borrowing under this Section shall be made if, immediately after giving effect thereto, the Dollar Equivalent Amount of the aggregate outstanding principal amount of Yen Loans made by any Yen Lender would exceed its Yen Commitment.

  • Each Yen Borrowing of or conversion to Base Rate Loans or ABR Rate Loans shall be in a principal amount permitted by Section 6.1.


More Definitions of Yen Borrowing

Yen Borrowing means a borrowing comprised of Yen Loans made by the Yen Lenders pursuant to a Borrowing Request. “Yen Lenders” shall mean each financial institution listed on Schedule 1.01(c) (as amended from time to time), as well as any financial institution that has become a “Yen Lender” hereto pursuant to Section 2.03 or by the execution of an Assignment and Assumption in accordance with this Agreement, other than, in each case, any such financial institution that has ceased to be a party hereto pursuant to an Assignment and Assumption. For purposes of this Agreement, “Lender” includes each Yen Lender unless the contract otherwise requires.
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Yen Borrowing means a Borrowing comprised of Yen Revolving Credit Loans.
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Related to Yen Borrowing

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving 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 Lenders pursuant to Section 2.01.

  • 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.

  • 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.

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

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

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

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

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

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

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency 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).

  • 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).

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

  • 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.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).