Common use of Types of Borrowing Clause in Contracts

Types of Borrowing. The term "BORROWING" denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same type and currency (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either (a) by reference to the currency and/or pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a Euro-Currency Borrowing or a Competitive Bid Borrowing (excluding any such Borrowing consisting of Competitive Bid LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01), and a "Euro-Currency Borrowing" is a Borrowing comprised of Euro-Currency Loans), or (b) by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "Committed Borrowing" is a Borrowing under Section 2.01 in which all Lenders participate in proportion to their Commitments, while a "Competitive Bid Borrowing" is a Borrowing under Section 2.03 in which the Lender participants are determined on the basis of their bids in accordance therewith).

Types of Borrowing. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same type and currency (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either (a) by reference to the currency and/or pricing of Loans comprising such Borrowing (e.g., a "“Fixed Rate Borrowing" ” is a Euro-Currency Borrowing or a Competitive Bid Borrowing (excluding any such Borrowing consisting of Competitive Bid LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01), and a "“Euro-Currency Borrowing" ” is a Borrowing comprised of Euro-Currency Loans), or (b) by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "“Committed Borrowing" ” is a Borrowing under Section 2.01 in which all Lenders participate in proportion to their Commitments, while a "“Competitive Bid Borrowing" ” is a Borrowing under Section 2.03 in which the Lender participants are determined on the basis of their bids in accordance therewith).

Types of Borrowing. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same type and currency (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either (a) by reference to the currency and/or pricing of Loans comprising such Borrowing (e.g., a "“Fixed Rate Borrowing" ” is a Euro-Currency Dollar Borrowing or a Competitive Bid Borrowing (excluding any such Borrowing consisting of Competitive Bid LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01), and a "“Euro-Currency Dollar Borrowing" ” is a Borrowing comprised of Euro-Currency Dollar Loans), or (b) by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "“Committed Borrowing" ” is a Borrowing under Section 2.01 in which all Lenders participate in proportion to their Commitments, while a "“Competitive Bid Borrowing" ” is a Borrowing under Section 2.03 in which the Lender participants are determined on the basis of their bids in accordance therewith).

Types of Borrowing. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same type and currency (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either (a) by reference to the currency and/or pricing of Loans comprising such Borrowing (e.g., a "“Fixed Rate Borrowing" ” is a Euro-Currency Borrowing or a Competitive Bid Borrowing (excluding any such Borrowing consisting of Competitive Bid LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01), and a "“Euro-Currency Borrowing" ” is a Borrowing comprised of Euro-Currency Loans), or (b) by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "“Committed Borrowing" ” is a Borrowing under Section 2.01 in which all Lenders participate in proportion to their Commitments, while a "“Competitive Bid Borrowing" ” is a Borrowing under Section 2.03 in which the Lender participants are determined on the basis of their bids in accordance therewith).