Borrowing Date definition
Examples of Borrowing Date in a sentence
If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent on demand, such amount with interest thereon at a rate equal to the daily average Federal Funds Effective Rate as quoted by the Administrative Agent, or another bank of recognized standing reasonably selected by the Administrative Agent, for the period until such Lender makes such amount immediately available to the Administrative Agent.
Each Subordinated Term Lender makes the following representations and warranties as of the Closing Date and each Borrowing Date.
On or prior to the Initial Borrowing Date, the Borrower shall deposit or cause to be deposited approximately $0 into the Closing Expense Account.
On or prior to the Initial Borrowing Date, the Borrower shall deposit or cause to be deposited $0 into the Interest Reserve Account.