BORROWING PROVISIONS Clause Samples
The Borrowing Provisions clause sets out the terms and conditions under which a party, typically a borrower, may obtain loans or credit under an agreement. It details the permitted types of borrowing, any limits on the amount or frequency of borrowing, and the procedures for requesting and receiving funds. This clause ensures that both parties have a clear understanding of how borrowing will be managed, helping to prevent disputes and manage financial risk within the contractual relationship.
BORROWING PROVISIONS. 16 2.1 Commitments....................................................................................16 2.2
BORROWING PROVISIONS. 16 SECTION 2.1 Facility........................................................................... 16 SECTION 2.2 LC Subfacility..................................................................... 16 SECTION 2.3 Terminations, Reductions or Increases of Commitments............................... 20 SECTION 2.4
BORROWING PROVISIONS. Subject to the provisions in the Loan Documents, each Lender severally and not jointly agrees to extend credit to Borrower under the Warehouse Commitments. the Working-Capital Commitments, and the Term-Line Commitments in accordance with the following provisions.
BORROWING PROVISIONS. 24 2.1 Revolver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 2.2 Swing Line Subfacility . . . . . . . . . . . . . . . . . . . . . . . . 25 2.3 Term Loan A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 2.4 Term Loan B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 2.5 Term Loan C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 2.6 Terminations or Reductions of Commitments. . . . . . . . . . . . . . . 26 2.7 Prepayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 2.8
BORROWING PROVISIONS. 20 2.1 Commitments . . . . . . . . . . . . . . . . . . . . . . . . . 20 2.2
BORROWING PROVISIONS. 17 2.1 Commitments.................................................17 2.2 LC Subfacility..............................................17 2.3 Competitive Bid Subfacility.................................21 2.4
BORROWING PROVISIONS. 14 2.1 Commitments; Borrowings from Designated Lenders................................................14 2.2. Termination of Commitments.....................................................................14 2.3.
BORROWING PROVISIONS. 12 2.1 Borrowings........................................................ 12 2.2
BORROWING PROVISIONS. 25 2.1 Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 2.2 LC Subfacility under Facility A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 2.3 Swing Line Subfacility under Facility A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 2.4 Competitive Bid Subfacility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 2.5 Optional Renewal of Facility A Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 2.6
BORROWING PROVISIONS. 23 2.1 Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 2.2 Competitive Bid Subfacility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 2.3 Optional Renewal of Facility B Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 2.4 Conversion of Facility B to Term Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 2.5 Optional Extension of the Term Loan Maturity Date. . . . . . . . . . . . . . . . . . . . . . . . . . 29 2.6