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 a Borrowing comprised of Yen Revolving Credit Loans.
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Yen Borrowing means a borrowing comprised of Yen Loans made by the Yen Lenders pursuant to a Borrowing Request.
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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.

  • 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.

  • 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.

  • 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 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.

  • Amount Fifty million (50,000,000) Yen Borrowing date April 16, 2020 Use of funds Working capital Final repayment date March 31, 2030 Repayment method The Borrower shall pay 417,000Yen on April 30, 2020 as the first payment, and thereafter the Borrower shall pay 417,000Yen at the last day of each month and the payment shall be completed when the Borrower pays 377,000Yen on the final due date.

  • At the end of each Interest Period applicable to a Yen Borrowing, the relevant Borrower may elect the duration of the next succeeding Interest Period applicable thereto by delivering a notice (a "Notice of Yen Interest Period Election") to the Yen Administrative Agent at its address in New York at least four Tokyo Business Days before such Interest Period is to begin.

  • 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 a borrowing of Yen Loans hereunder.
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Related to Yen Borrowing

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

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

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • 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.