Common use of Types of Borrowings Clause in Contracts

Types of Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Borrower or any Additional Borrower pursuant to Article II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Currency Borrowing” is a Borrowing comprised of Euro-Currency Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a “Committed Borrowing” is a Borrowing under Section 2.1 in which all Banks participate in proportion to their Commitments, while a “Money Market Borrowing” is a Borrowing under Section 2.3 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC)

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Types of Borrowings. The term “Borrowing” "BORROWING" denotes the aggregation of Loans of one or more Banks to be made to the Borrower or any Additional Borrower pursuant to Article II 2 on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro"EURO-Currency Borrowing” DOLLAR BORROWING" is a Borrowing comprised of Euro-Currency Dollar Loans) or by reference to the provisions of Article II 2 under which participation therein is determined (i.e., a “Committed Borrowing” "COMMITTED BORROWING" is a Borrowing under Section 2.1 2.01 in which all Banks participate in proportion to their Commitments, while a “Money Market Borrowing” "MONEY MARKET BORROWING" is a Borrowing under Section 2.3 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 3 contracts

Samples: Credit Agreement (Ace LTD), Credit Agreement (Harcourt General Inc), Credit Agreement (Ace LTD)

Types of Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the any Borrower or any Additional Borrower pursuant to Article II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Currency Borrowing” is a Borrowing comprised of Euro-Currency Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a “Committed Borrowing” is a Borrowing under Section 2.1 in which all Banks participate in proportion to their Commitments, while a “Money Market Borrowing” is a Borrowing under Section 2.3 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 3 contracts

Samples: Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC), Assignment and Assumption Agreement (Trane Technologies PLC)

Types of Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the either Borrower or any Additional Borrower pursuant to Article II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g.e.g, a “Euro-Currency Borrowing” is a Borrowing comprised of Euro-Currency Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a “Committed Borrowing” is a Borrowing under Section 2.1 in which all Banks participate in proportion to their Commitments, while a “Money Market Borrowing” is a Borrowing under Section 2.3 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

Types of Borrowings. The term “Borrowing” "BORROWING" denotes the aggregation of Loans of one or more Banks to be made to the Borrower or any Additional a single Borrower pursuant to Article II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro"EURO-Currency Borrowing” DOLLAR BORROWING" is a Borrowing comprised of Euro-Currency EuroDollar Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a “Committed Borrowing” "COMMITTED BORROWING" is a Borrowing under Section 2.1 2.01 in which all Banks participate in proportion to their Commitments, while a “Money Market Borrowing” "MONEY MARKET BORROWING" is a Borrowing under Section 2.3 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aramark Corp)

Types of Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower or any Additional Borrower pursuant to Article II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g.e.g, a "Euro-Currency Borrowing" is a Borrowing comprised of Euro-Currency Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a "Committed Borrowing" is a Borrowing under Section 2.1 in which all Banks participate in proportion to their Commitments, while a "Money Market Borrowing" is a Borrowing under Section 2.3 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

Types of Borrowings. The term "Borrowing" denotes the ------------------- aggregation of Loans of one or more Banks to be made to the Borrower or any Additional a single Borrower pursuant to Article II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "Euro-Currency Dollar Borrowing" ---- is a Borrowing comprised of Euro-Currency Dollar Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a ---- "Committed Borrowing" is a Borrowing under Section 2.1 2.01 in which all Banks participate in proportion to their Commitments, while a "Money Market Borrowing" is a Borrowing under Section 2.3 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Hancock John Financial Services Inc)

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Types of Borrowings. The term “Borrowing” "BORROWING" denotes the aggregation of Loans of one or more Banks to be made to the Borrower or any Additional a single Borrower pursuant to Article II 2 on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro"EURO-Currency Borrowing” DOLLAR BORROWING" is a Borrowing comprised of Euro-Currency Dollar Loans) or by reference to the provisions of Article II 2 under which participation therein is determined (i.e., a "Committed Borrowing" is a Borrowing under Section 2.1 2.01 in which all Banks participate in proportion to their Commitments, while a “Money Market Borrowing” "COMPETITIVE BID BORROWING" is a Borrowing under Section 2.3 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Gillette Co)

Types of Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Borrower or any Additional Borrower pursuant to Article II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g.e.g, a “Euro-Currency Borrowing” is a Borrowing comprised of Euro-Currency Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a “Committed Borrowing” is a Borrowing under Section 2.1 in which all Banks participate in proportion to their Commitments, while a “Money Market Borrowing” is a Borrowing under Section 2.3 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

Types of Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower or any Additional Borrower pursuant to Article II 2 on a single date and and, in the case of a Fixed Rate Loan, for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "Euro-Currency Dollar Borrowing" is a Borrowing comprised of Euro-Currency Dollar Loans) or by reference to the provisions of Article II 2 under which participation therein is determined (i.e., a "Committed Borrowing" is a Borrowing under Section 2.1 in which all Banks participate in proportion to their Commitments, while a "Money Market Borrowing" is a Borrowing under Section 2.3 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

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