Terms of Borrowing Clause Samples

Terms of Borrowing. I. The term of borrowing is 12 months, from October 19, 2010 to October 18, 2011.

Terms of Borrowing. General terms of borrowing

Terms of Borrowing. The Loans shall, except as otherwise provided in this Agreement, be Swingline Rate Loans, Reference Rate Loans, CD Rate Loans or LIBOR Loans. As to any LIBOR Loan, any Bank may, if it so elects, fulfill its commitment by causing a foreign branch or Affiliate to make or continue such Loan, provided that in such event that Bank's Loan shall, for the purposes of this Agreement, be considered to have been made by that Bank and the obligation of the applicable Borrower to repay that Bank's Loan shall nevertheless be to that Bank and shall be deemed held by that Bank, for the account of such branch or affiliate.

Terms of Borrowing. (a) Subject to the terms and conditions set forth in this Agreement, so long as no Default or Event of Default has occurred and is continuing, during the Non-Revolving Credit Period, the Lender agrees to make loans to Borrower (each, a “Loan” and collectively, the “Loans”) as Borrower may request pursuant to Section 2.02. The aggregate principal amount of Loans which the Lender may have outstanding under this Agreement as of any date shall not exceed the Maximum Credit Balance. Within the foregoing limits, Borrower may borrow under this Section 2.01, shall repay under Section 2.06, and prepay under Section 2.07. The Borrower shall not be allowed to reborrow any amount which has been repaid at any time during the Non-Revolving Credit Period. All Loans not paid prior to the Maturity Date, together with all accrued and unpaid interest thereon and all fees and other amounts owing by Borrower to the Lender with respect thereto (being the “Loan Amount”), shall be due and payable on the Maturity Date. (b) Each Loan made by Lender hereunder shall be subject to an original issue discount (the “OID”) at a rate of Five Percent (5.0%) of the principal amount of each Loan. Notwithstanding the OID, Borrower shall be obligated to repay the full principal amount of each Loan on or before the Maturity Date. (c) Upon not less than thirty (30) days written notice to ▇▇▇▇▇▇, Borrower shall have the right to terminate the Credit Facility without any premium or penalty. For the avoidance of doubt, upon such termination: (i) Lender shall not be obligated to make any additional Loans to Borrower; and (ii) all outstanding Loans shall be paid in accordance with Section 2.06 or Section 2.07.

Terms of Borrowing. 24 Section 2.5 Notice of Borrowing; Roll-Over Borrowings. . . . . . . . . . . . . . 24

Terms of Borrowing. The Business Day of the proposed Borrowing is .

Terms of Borrowing