Borrowing Date definition

Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

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Borrowing Date means a date on which an Advance is made hereunder.

Borrowing Date means the date of a Borrowing.

Examples of Borrowing Date in a sentence

Not later than 1:00 p.m. (New York time) on each Borrowing Date, each Lender shall make available its Advance or Advances in funds immediately available to the Agent at its address specified pursuant to ‎Article XIII.
Except as otherwise specified in the applicable Note and/or Supplement, Basic Interest on the outstanding principal balance of each Loan shall accrue daily at the Designated Rate from the Borrowing Date.
Each Swingline Loan Request shall be irrevocable and shall specify the proposed Borrowing Date and the principal amount of such Swingline Loan, which shall be not less than $100,000.
The Borrower shall give the Agent irrevocable notice in substantially the form approved by the Agent and separately provided to the Borrower (a “Borrowing Notice”) not later than 11:30 a.m. (New York time) on the Borrowing Date of each ABR Advance and at least three (3) U.S. Government Securities Business Days before the Borrowing Date for each Term Benchmark Advance.
Notwithstanding the foregoing, (i) concurrently with the making of any Term Loan on any Borrowing Date, the Term Loan Commitment of each Lender will be permanently reduced on a dollar-for-dollar basis by the principal amount of Term Loans made by such Lender on such Borrowing Date, and (ii) if all or any portion of the Term Loan Commitments are not drawn by 3:00 p.m. (New York time) on the Commitment Termination Date, the undrawn amount shall automatically be cancelled.

More Definitions of Borrowing Date

Borrowing Date any Business Day specified in a notice pursuant to Section 2.2 as a date on which the Borrower requests the Lenders to make Loans hereunder.

Borrowing Date means any date on which a Borrowing occurs under Section 2.03.

Borrowing Date means, in respect of any Loan, the date such Loan is made.

Borrowing Date means, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day.

Borrowing Date means a date on which an Advance or Swing Line Loan is made hereunder.

Borrowing Date means the Business Day on which the proceeds of a Loan are disbursed by Lender.

Borrowing Date means the Business Day on which Loans are advanced hereunder as specified in a Notice of Borrowing delivered pursuant to Section 2.2(a) hereof.