Borrowing Agreement Sample Clauses

A Borrowing Agreement is a contractual clause that outlines the terms and conditions under which one party borrows assets, funds, or property from another. It typically specifies the amount or item being borrowed, the duration of the borrowing period, repayment obligations, interest rates if applicable, and any collateral or guarantees required. For example, it may detail how a company can access a line of credit from a lender or how equipment is loaned between businesses. The core function of this clause is to clearly define the rights and responsibilities of both parties, thereby reducing the risk of misunderstandings or disputes regarding the borrowing arrangement.
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Borrowing Agreement. Rules for Borrowing and Use
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Borrowing Agreement. By signing below, I attest that I am 18 years of age or older and I agree to the following statements:
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Borrowing Agreement. The Company and Banc One Capital ------------------- Partners II, Limited Partnership (the "Lender") shall have entered into a loan agreement and related documents (collectively, the "Borrowing Agreement") providing for loans to the Company of up to $2,500,000 in form and substance satisfactory to each Purchaser, and the Borrowing Agreement shall be in full force and effect as of the Closing and shall not have been amended or modified.
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Borrowing Agreement. Patron must sign a borrowing agreement which patron agrees to abide by the ▇▇▇▇▇▇-▇▇▇▇▇▇ Library’s telescope borrowing procedure and to pay full costs should the telescope or any accompanying materials be stolen, lost, damaged, or not returned.
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Borrowing Agreement. 8.1 Upon the Client's request and after the parties have come to an agreement with regard to the amount of securites to be borrowed and the duration, MPF may provide the Client through the securities borrowing system of the DKV or any other securities borrowing channel with securities quoted on an officially recognized stock exchange under a borrowing agreement. The result of the foregoing will hereinafter be called the Borrowing Agreement. Securities which have been borrowed for the purpose of fulfilling the Client's delivery obligations ensuing from the sale of securities to third parties, which the Client does not yet possess, (so-called unsettled short stock positions), as well as obligations resulting from exercised, assigned and/or tendered options or futures contracts can only be used for that purpose. 8.2 Hereby MPF is irrevocably authorized by the Client, but not obliged, to enter into a Borrowing Agreement with the Client in the event the Client has the obligation to deliver securities to third parties which it does not have in its portfolio on the first trading day after the transaction resulting in the obligation to deliver securities. 8.3 MPF's customer statement, as defined in article 5.3, shall serve as full proof of the existence of the Borrowing Agreement and of the number and type of securities which have been borrowed. 8.4 MPF will deliver to the Client the securities to be borrowed in unencumbered ownership free from attachments, security rights or encumbrances or other third party rights. MPF guarantees towards the Client its power of disposal and indemnifies the Client against execution or possible defects. 8.5 The borrowed securities will be delivered by book entry transfer through the DKV to the Client's credit or to the credit of the party to which an obligation to deliver exists, unless the Client requests a different manner of delivery. MPF will attempt to arrange for the delivery to take place on the settlement date agreed to upon entering into the securities transaction. 8.6 Client declares that it is aware of the fact that MPF in turn borrows the securities to be lent to the Client from third parties and is therefore dependent on same. MPF can therefore not be held liable in the event that MPF should not be able to lend securities to the Client.
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Borrowing Agreement 
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Related to Borrowing Agreement

  • Authorization of Agreement, Loan Documents and Borrowing Each of the Borrower and its Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by the duly authorized officers of the Borrower and each of its Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or its Subsidiary party thereto, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies.

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Term Loan, the Administrative Agent shall have received a Notice of Borrowing (whether in writing or by telephone) meeting the requirements of Section 2.3. (b) Prior to the making of each Revolving Credit Loan (other than any Revolving Credit Loan made pursuant to Section 3.4(a)) and each Swingline Loan, the Administrative Agent shall have received a Notice of Borrowing (whether in writing or by telephone) meeting the requirements of Section 2.3. (c) Prior to the issuance of each Letter of Credit, the Administrative Agent and the Letter of Credit Issuer shall have received a Letter of Credit Request meeting the requirements of Section 3.2(a). The acceptance of the benefits of each Credit Event shall constitute a representation and warranty by each Credit Party to each of the Lenders that all the applicable conditions specified in Section 7 above have been satisfied as of that time.

  • Initial Borrowing Before or concurrently with the initial Borrowing: (a) The Administrative Agent shall have received the favorable written opinion of L▇▇▇▇▇ & W▇▇▇▇▇▇, counsel to Borrower; (b) The Administrative Agent shall have received copies of the Borrower’s (i) Articles of Incorporation, together with all amendments and (ii) bylaws (or comparable constituent documents) and any amendments thereto, certified in each instance by its Secretary or an Assistant Secretary; (c) The Administrative Agent shall have received copies of resolutions of the Borrower’s Board of Directors authorizing the execution and delivery of the Credit Documents and the consummation of the transactions contemplated thereby together with specimen signatures of the persons authorized to execute such documents on the Borrower’s behalf, all certified in each instance by its Secretary or Assistant Secretary; (d) The Administrative Agent shall have received for each Lender that requests a Note, such Lender’s duly executed Note of the Borrower dated the date hereof and otherwise in compliance with the provisions of Section 2.9(a) hereof; (e) The Administrative Agent shall have received a duly executed counterpart of this Agreement from each of the Lenders and the Borrower; (f) The Administrative Agent shall have received a duly executed Compliance Certificate containing financial information as of March 31, 2009; (g) Except as set forth on Schedule 6.1, neither the Borrower nor any of its Subsidiaries shall have, during the period from March 31, 2009 to the Closing Date, issued, incurred, assumed, created, become liable for, contingently or otherwise, any material Indebtedness other than the issuance of commercial paper consistent with past practices; (h) The Borrower shall have paid to the Administrative Agent for the benefit of each Lender the applicable fees for providing its Commitment under this Agreement; (i) The Borrower shall have delivered the SEC Disclosure Documents which Nicor or the Borrower shall have filed with the Securities and Exchange Commission (or any governmental agency substituted therefore) or any national securities exchange on or after January 1, 2009; (j) The Credit Agreement, dated as of August 11, 2008, among the Borrower, the Administrative Agent and the other financial institutions party thereto has terminated (upon maturity or otherwise) in accordance with its terms; and (k) The Administrative Agent shall have received such other documents and information as it may reasonably request. By executing this Agreement, the Administrative Agent and each of the Lenders agrees that each condition set forth in this Section 6.1 has been satisfied.

  • Borrowing Upon receipt of Proper Instructions, the Custodian shall deliver securities of a Portfolio to lenders or their agents, or otherwise establish a segregated account as agreed to by the applicable Fund on behalf of such Portfolio and the Custodian, as collateral for borrowings effected by such Portfolio, provided that such borrowed money is payable by the lender (a) to or upon the Custodian's order, as Custodian for such Portfolio, and (b) concurrently with delivery of such securities.

  • Content of Borrowing Requests Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: (i) whether such Borrowing is to be made under the Dollar Commitments or the Multicurrency Commitments; (ii) the aggregate amount and Currency of the requested Borrowing; (iii) the date of such Borrowing, which shall be a Business Day; (iv) in the case of a Syndicated Borrowing denominated in Dollars, whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; (v) in the case of a Eurocurrency Borrowing, the Interest Period therefor, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d); and (vi) the location and number of the Borrower’s account to which funds are to be disbursed.