Bank Borrowings means at any particular time the aggregate consolidated indebtedness of the Group under this Agreement, the Mezzanine Facility Agreement and the Overdraft Facility Letter;
Bank Borrowings means bank borrowings made by Unitil and contributed to the Cash Pool.
Bank Borrowings mean all Borrowings of a Group Company with a bank or other financial institution but always excluding an amount not exceeding in total £50,000,000 borrowed to fund or assist with funding one or more share or business acquisitions by the Group or a Group Company.
Examples of Bank Borrowings in a sentence
Bank Borrowings The Fund may borrow from a bank for temporary or emergency purposes including, without limitation, funding of shareholder redemptions provided asset coverage for borrowings exceeds 300%.
Interest coverage equals gross income divided by the interest expense related to Bank Borrowings.
Bank Borrowings have a first priority security interest in all of the Company’s assets, including Portfolio Loans.
Cumulative interest coverage of Senior Notes equals gross income divided by the total interest expense related to Senior Notes and Bank Borrowings combined.
Cumulative interest coverage of Junior Notes equals gross income divided by the total interest expense related to Junior Notes, Senior Notes and Bank Borrowings combined.
More Definitions of Bank Borrowings
Bank Borrowings means bank borrowings made by UNITIL and contributed to the Cash Pool.
Bank Borrowings means the Company’s indebtedness, obligations and liabilities to the Banks or any of them;
Bank Borrowings means the aggregate amount of indebtedness comprising all
Bank Borrowings means borrowings (a) from a depository institution, the deposits of which are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, (b) which are not senior in right of payment to the Notes and (c) which have been made pursuant to loan documents containing a covenant that the lender shall not make a petition which would result in the institution of an involuntary case or proceeding against the Fund or the appointment of a custodian for the Fund or all or substantially all of its property under any bankruptcy law prior to the date which is one year and one day after the first date upon which no Notes are outstanding. The Fund will not file a voluntary petition in bankruptcy so long as the value of its assets is, and is reasonably foreseen as being, greater than its liabilities. The Notes Investment Guidelines reflected in the Indenture also prohibit the Fund from creating, incurring or suffering to exist, or agreeing to create, incur or suffer to exist, or consenting to cause or permit in the future (upon the happening of a contingency or otherwise) the creation, incurrence or existence of any material lien, mortgage, pledge, charge, security interest, security agreement, conditional sale or trust receipt or other material encumbrance of any sort (collectively, "Liens") upon any of its assets which are eligible for inclusion in the discounted value of its portfolio, except for (a) Liens the validity of which is being contested in good faith by appropriate proceedings, (b) Liens for taxes that are not then due and payable or that can be paid thereafter without penalty, (c) Liens to secure payment for services rendered by Bankers Trust Company or its successor as auction agent with respect to the Preferred Shares or the Trustee and (d) at such time as the Notes are not rated by the Rating Agencies or otherwise, or upon receipt of written confirmation from each of the Rating Agencies (if the Notes are then rated by such Rating Agency) that the rating of the Notes will not be impaired thereby, Liens otherwise incurred in connection with borrowings made in accordance with the Fund's stated investment objective, policies and restrictions. The terms of the Indenture also limit the Fund's ability to employ certain investment strategies. See "Investment Objective and Policies--Certain Investment Strategies." ASSET MAINTENANCE The Fund will be required to satisfy two separate asset maintenance requirements that ar...
Bank Borrowings means the aggregate amount of indebtedness comprising all amounts whether principal, interest, penalties or otherwise then outstanding and owing at or immediately prior to Acquisition Completion by Cypress Dynasty to the Bank of East Asia, Limited
Bank Borrowings means any monies borrowed by the Group from a financial lending institution (and which, for the avoidance of doubt, excludes the net proceeds from the ZDP Shares (including any monies on-lent to the Company under the Intragroup Loan) and the net proceeds from the issuance of the Bonds).
Bank Borrowings means borrowings (a) from depository institutions, the deposits of which are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, (b) which are not senior in right of payment to the Note and (c) which have been made pursuant to loan documents containing a covenant that the lender shall not make a petition which would result in the institution of an involuntary case or proceeding against the Fund or the appointment of a custodian for the Fund or all or substantially all of its property under any Bankruptcy Law prior to the date which is one year and one day after the date upon which no Notes are outstanding.