Examples of Borrowings in a sentence
As long as the outstanding principal balance of the Borrowings under this Contract does not exceed the Borrowing Amount, Party A may apply for consecutive Borrowings, regardless of the number of times of Borrowings and the amount of each time, provided that the sum of the amount of the Borrowings applied for by Party A and the outstanding principal balance of the Borrowings under this Contract by Party A shall not exceed the Borrowing Amount.
Subject to the other provisions of this Section 2.02, Committed Borrowings of more than one Type may be incurred at the same time.
Borrowings also may be classified and referred to by Type (e.g., a “Term SOFR Borrowing”).
Except as otherwise provided in Section 2.18, prepayments of the Revolving Credit Facility made pursuant to this Section 2.05, first, shall be applied ratably to the L/C Borrowings and the Swing Line Loans, second, shall be applied to the outstanding Revolving Credit Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations.
Borrower shall repay to the applicable Lenders on each applicable Maturity Date the aggregate principal amount of Loans and L/C Borrowings maturing and outstanding on such date.