Bank Borrowing definition

Bank Borrowing means loan agreements, lines of credit or other financial accommodations entered into by the Company with banks, credit unions and other financial institutions for the purpose of borrowing operating capital and funds in order to make Portfolio Loans.
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Bank Borrowing means the outstanding indebtedness owed by any Companies to one or more banks."
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Examples of Bank Borrowing in a sentence

  • Bank Borrowing Costs: scheduled repayments of Bank Borrowing plus Interest Payable.

  • The Investors agree that the Manager may enter into terms and agreements with respect to the subordination of the Lien and the enforcement of rights of the lender under any Bank Borrowing, as the Manager may deem commercially reasonable.

  • The Manager is hereby authorized by the Investors to enter into, execute and deliver such subordination agreements and other agreements and instruments on behalf of the Company or the Senior Noteholders as the Manager may determine are appropriate to negotiate or comply with the terms of a Bank Borrowing or, as applicable.

  • The following definitions apply: Bank Borrowing: liabilities of the Customer to the Bank of any kind (present or future, actual or contingent and whether incurred alone or jointly with another) but excluding liabilities under hedging arrangements between the Customer and the Bank.

  • Charged Properties: properties specifically charged to secure Bank Borrowing.

  • Each Receivable has a final scheduled payment date due not later than September 22, 2007; the weighted average remaining term of the Receivables is 39.54 months as of the Cut-off Date.

  • AND/OR Debt Servicing: [Gross/Net] Rental Income to Bank Borrowing Costs must be at least 1.00 to 1 for each consecutive [twelve month] period, starting with the period ending [31 May 2018].

  • Borrower shall deliver to Bank Borrowing Base Reports and schedules of collections, as provided in Section 6.2, on Bank’s standard forms; provided, however, that Borrower’s failure to execute and deliver the same shall not affect or limit Bank’s Lien and other rights in all of Borrower’s Accounts, nor shall Bank’s failure to advance or lend against a specific Account affect or limit Bank’s Lien and other rights therein.

  • The following definitions apply to the Property Covenants: Bank Borrowing: liabilities of the Customer to the Bank of any kind (present or future, actual or contingent and whether incurred alone or jointly with another) but excluding liabilities under hedging arrangements between the Customer and the Bank.

  • Bank Borrowing to Value: Peak Bank Borrowing must not exceed 10% of Value during each consecutive [three month] period, starting with the period ending [date].