Borrowing Multiple definition
Borrowing Multiple means (a) in the case of a Borrowing denominated in US Dollars, US$1,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, 1,000,000 units of such currency.
Borrowing Multiple means $1,000,000.
Borrowing Multiple means (a) in the case of Eurocurrency Loans, $500,000, (b) in the case of ABR Loans, $250,000 and (c) in the case of Swingline Loans, $100,000.
Examples of Borrowing Multiple in a sentence
Subject to Section 2.20(c)(i), at the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Commitments.
Subject to Section 2.20(c)(i), at the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments.
More Definitions of Borrowing Multiple
Borrowing Multiple means $100,000.
Borrowing Multiple means, in respect of Advances denominated in Dollars, $1,000,000 in respect of Advances denominated in Sterling, £1,000,000 and, in respect of Advances denominated in Euro, €1,000,000.
Borrowing Multiple means (a) in the case of a Revolving Loan Borrowing, $1,000,000 and (b) in the case of a Swingline Loan, $100,000.
Borrowing Multiple means $500,000.
Borrowing Multiple means (a) in the case of a Eurodollar Borrowing $1,000,000, and (b) in the case of an ABR Borrowing, $1,000,000.
Borrowing Multiple means (a) in the case of SOFR Loans, $500,000 and (b) in the case of ABR Loans, $250,000.
Borrowing Multiple means $1.0 million, except in the case of Swingline Loans, $500,000.