The Borrowing Clause Samples

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. Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make a term loan (each such loan, a “Term Loan”) to the Borrower in Dollars in a single advance on any Business Day during the Availability Period in an aggregate initial outstanding principal amount not to exceed such L▇▇▇▇▇’s Commitment. Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, that, to the extent the Initial Funding Date occurs on the Closing Date or any of the three (3) Business Days immediately following the Closing Date, the Term Loans shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter, in form and substance reasonably satisfactory to the Administrative Agent, not less than three (3) Business Days prior to the Initial Funding Date. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.

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. 1. 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. 2. 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. Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make a term loan (each such loan, a “Term Loan”) to the Borrower in Dollars in a single advance on the Closing Date in an aggregate initial outstanding principal amount not to exceed such L▇▇▇▇▇’s Commitment. Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed. The Aggregate Commitments shall be automatically and permanently reduced to zero on the Closing Date (after giving effect to any Borrowing occurring on the Closing Date).

The Borrowing. (a) [Reserved] i) The Borrowing shall be made on at least two (2) Business Days’ irrevocable written notice from the Borrower to the applicable Lender (such written notice, the “Notice of Borrowing”), provided that such Notice of Borrowing is received by such Lender no later than 12:00 noon (New York City time) on the Business Day of receipt. Any Notice of Borrowing received after 12:00 noon (New York City time) shall be deemed received prior to 12:00 noon (New York City time) on the following Business Day. The Notice of Borrowing shall specify (A) the aggregate amount of the Borrowing, (B) the date of the Borrowing, (C) the allocation of the Loans as Class A Loans and Class B Loans and (D) in an electronic file acceptable to the Lenders, the Eligible Receivables to be Pledged in connection with the Borrowing (and upon the Borrowing, such Receivables shall be Pledged Receivables hereunder). On the date of the Borrowing, upon satisfaction of the applicable conditions set forth in Article III the Class A Lender and the Class B Lender shall make available to the Borrower the portion of the Borrowing constituting the Class A Advance Amount and the Class B Advance Amount, respectively, on the Borrowing Date, no later than 2:00 P.M. (New York City time), in same day funds (net of amounts payable to or for the benefit of each related Lender), by payment into the account which the Borrower has designated in writing.