Borrowing and Repayment definition

Borrowing and Repayment at Any Time” mode: The loan amount under this mode is (in capitals): RMB “/”, (in lowercase): Y “/“. And the loan term is from [/] to [/]. The loan amount under the “Borrowing and Repayment at Any Time” mode is a revolving credit. Party A can apply for withdrawal from Party B at any time within the above loan amount and loan term, and repay the loan at any time within the term of IOU corresponding to a single withdrawal. The loan amount released after loan repayment can continue to be used within the loan term.
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Borrowing and Repayment at Any Time” mode: the loan amount under this mode is (in capitals): RMB [Three million Yuan Only], (in lowercase): Y [3000,000.00]. And the loan period is from [January 10, 2023] to [January 10, 2024].
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Borrowing and Repayment. The Borrower may borrow, repay and reborrow up to the Maximum Credit Amount outstanding at any one time, provided that any amounts paid to and received are applied to any outstanding balance of the Extended Line of Credit.
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Examples of Borrowing and Repayment in a sentence

  • Subject to the last sentence of Paragraph (a) under Borrowing and Repayment above, Borrower may prepay principal on any portion of this Note which bears interest determined in relation to the Prime Rate at any time, in any amount and without penalty.

  • Subject to the last sentence of Paragraph (a) under Borrowing and Repayment above, Borrower may prepay principal on any portion of this Note which bears interest determined in relation to LIBOR at any time and in the minimum amount of One Hundred Thousand and 00/100 Dollars ($100,000.00); provided, however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount shall be the entire outstanding principal balance thereof.

Related to Borrowing and Repayment

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.15(a)(ii).