The Borrowing Clause Samples
The Borrowing clause defines the terms and conditions under which a borrower receives and is obligated to repay a loan or credit facility. It typically outlines the amount borrowed, the permitted uses of the funds, and the schedule for repayment, including interest and fees. For example, it may specify that the borrower can draw up to a certain limit and must repay principal and interest according to a set timetable. The core function of this clause is to clearly establish the borrower's obligations and the lender's expectations, thereby reducing ambiguity and ensuring both parties understand the scope and mechanics of the borrowing arrangement.
The Borrowing. The Bonds.
The Borrowing. For purposes of determining compliance with the conditions specified in Section 5.1, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Lenders of the occurrence of the Effective Date.
The Borrowing. The Loans shall be made initially as LIBOR Loans with an initial Interest Period of one week in the aggregate amount of $300,000,000 on the Closing Date to the account(s) to which the proceeds of the Borrowing are to be credited, as contemplated by Section 2.1.1.3(d).
The Borrowing. For purposes of determining compliance with the conditions specified in Section 5.1, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Administrative Agent shall promptly notify Finnvera and the Lenders of the occurrence of the Effective Date.
The Borrowing. Notes and Bonds of the Authority.
The Borrowing. Subject to the terms and conditions set forth herein, each Lender with a Term Loan Commitment severally agrees to make a loan in Dollars (such loan, a “Term Loan”) to the Borrower on the Closing Date in an aggregate amount not to exceed such L▇▇▇▇▇’s Term Loan Commitment. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. The Term Loan may be a Base Rate Loan or a Term SOFR Loan, as further provided herein.
The Borrowing. (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make to the Borrower a single loan in Dollars in a principal amount equal to such Lender’s Bridge Commitment on the Closing Date. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Bridge Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
(b) Subject to the terms and conditions set forth herein, the Borrower and each Lender severally agrees, if the Bridge Loans have not been repaid in full on or prior to the Extension Date, that the then-outstanding principal amount of the Bridge Loans shall automatically be converted into term loans (the “Extended Term Loans”) by the Borrower on the Extension Date in an aggregate principal amount equal to the then-outstanding principal amount of the Bridge Loans.
The Borrowing. 1. The subject matter hereof involves the Lender’s obligation to provide the medical device: Medifuge 230V - Ambient bench-top centrifuge, DualSpin, production No. will be indicated in Transfer Protocol, price CZK 20 000 (VAT included) (hereinafter the Borrowing) to the Borrower for free use.
2. The Borrowing includes: - Instructions to operate the medical device in Czech language (in 2 counterparts: 1 in a documentary form for the worksite, 1 in an electronic form for the Medical Equipment Department); - EC Declaration of Conformity according to Act No. 22/1997 Coll. as amended. For medical devices of Class I sterile, I with measuring function, IIa, IIb or III, EC must bear the Notified Body’s number; - The EC Declaration of Conformity (and/or another document that will form a part of the Borrowing and will be certified by the Lender) must show the class of the medical device and/or of all its components; - The EC Declaration of Conformity (and/or another document that will form a part of the Borrowing and will be a bude potvrzen vypůjčitelem), - pokud se výpůjčka skládá z více samostatných komponent, jsou její součástí platná prohlášení o shodě na všechny komponenty výpůjčky, - na všechny doklady předkládané v jiném než v českém jazyce je součástí výpůjčky též jejich český překlad, za jehož správnost odpovídá půjčitel, - platný protokol o provedené bezpečnostně technické kontrole v souladu se zákonem č. 375/2022 Sb., o zdravotnických prostředcích a diagnostických zdravotnických prostředcích in vitro, - platná revize v souladu se zákonem č. 375/2022 Sb., o zdravotnických prostředcích a diagnostických zdravotnických prostředcích in vitro. Vypůjčitel je oprávněn užívat předmět výpůjčky ode dne předání a instalace. Předmět výpůjčky je zapůjčen po dobu trvání klinického hodnocení, protokol č. OP0595-5 s názvem: Multicentrická, randomizovaná, dvojitě zaslepená studie fáze 3 k posouzení účinnosti a bezpečnosti cefepim/nacubaktamu nebo aztreonam/nacubaktamu v porovnání s imipenem/cilastatinem u dospělých s komplikovanou infekcí močového traktu nebo akutní nekomplikovanou pyelonefritidou, tedy přibližně do 30. listopadu 2024
1. Půjčitel oznámí vypůjčiteli termín převzetí předmětu výpůjčky, a to Odboru zdravotnické certified by the Lender) must show the full address of the Borrowing manufacturer and country of origin; - If the Borrowing consists of more separate components, it must include valid declarations of conformity for all components of the Borrowing; - All...
The Borrowing. Amounts borrowed under this Section 1 shall be made available to the Trust by remitting the same to the Trustee in the manner the Trustee shall direct.
The Borrowing. The Borrower shall give the Bank notice of the borrowing hereunder as provided in Section 4.04 hereof. Not later than 1:00 p.m. New York time on the date specified for the borrowing hereunder, the Bank shall make available the amount of the borrowing to the Borrower by depositing the same, in immediately available funds, in an account of the Borrower designated by the Borrower.