Borrowing Options definition

Borrowing Options means any of the borrowing options available to the Borrower pursuant to Section 3.2;

Borrowing Options means any of the borrowing options available to the Borrower pursuant to §3.4; (t) "Branch of Account" means the branch of Royal located at 0000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0 or elsewhere as may be agreed between the Borrower and Royal in writing; (u) "Business Day" means a day, excluding Saturday and Sunday, on which institutions are open for business in Xxxxxxx, Xxxxxxx, Xxxxxx and Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx and, in respect of any payments hereunder in U.S. Funds, a day on which banking institutions are also open for business in New York, New York, U.S.A.; (v) "Business Plan" means the financial forecast to be prepared by the Guarantor for each fiscal year which forecast shall include projections of operating results and cash flow for the relevant fiscal year with a forecast for the next following year; (w) "Canadian Advance" means any advance or conversion under the Credit Facility requested by the Borrower in Canadian Funds and advanced by Royal in Canadian Funds or determined as such pursuant to §4.1; (x) "Canadian Funds" and "Cdn$" and "$" means lawful currency of Canada; (y) "Capital Lease" means a lease of which all or a portion of the rents payable thereunder would be included in total liabilities on a balance sheet prepared in accordance with GAAP; (z) "CDOR Rate" means the annual rate of interest equal to the average "BA 1 Month" interest rates for Cdn$ Bankers' Acceptances displayed and identified as such on the "Reuters Screen CDOR Page" (as defined in the International Swap Dealer Association Inc. definitions, as modified and amended from time to time) as of 10:00 a.m. local time at Toronto, Ontario on any particular day and, if such day is not a Business Day, then on the day immediately preceding the Business Day (as adjusted by Royal after 10:00 a.m. local time at Toronto, Ontario to reflect any error in a posted rate of interest or in the posted average annual rate of interest). If such rates are not available on the Reuters Screen CDOR Page on any particular day, then the CDOR Rate on that day shall be the 30 day rates applicable to Cdn$ Bankers' Acceptances quoted by Royal as of 10:00 a.m. local time at Toronto, Ontario on such day, or if such day is not a Business Day, then on the immediately preceding Business Day; (aa) "Charter" means the Memorandum and Articles of the Borrower and the Certificate of Incorporation and Bylaws of the Guarantor, as the context requires, and includes in each case every...

Borrowing Options. At the Borrower's option, interest on borrowings shall accrue on the following indexes plus the applicable spreads.

Examples of Borrowing Options in a sentence

• Borrowing Options As stated above the Council’s borrowing strategy will firstly utilise internal borrowing.

• Borrowing Options: In November 2020 Government changed the Public Works Loan Board (PWLB) lending terms effectively making it difficult for councils who undertake commercial investment (investment purely for yield) to access PWLB loans (the predominant source of loan finance for local government).

• The Council’s short and long term external borrowing at 31 March 2018 consisted of Public Works Loan Board (PWLB) of £128.663 million, long-term bank loans of £45.000 million, other long-term market loans (Lender Option and Borrowing Options) of £130.000 million, short term borrowing of £132.400 million, funds held in trust of £0.752 million, and accrued interest payable on these balances of £2.947 million.

• Client should send to SWSB / SWSF a personal cheque bearing your name shown in your identity document and drawn on your account with a licensed bank in Hong Kong with your same signature(s) as shown on this Form in favour of “Southwest Securities (HK) Brokerage Limited” or “Southwest Securities (HK) Futures Limited” for not less than HK$10,000 (or such other amount as may be advised by SWSB / SWSF).

• The Fund shall pay the Investment Manager a Management Fee for supervising the investment operations of the Fund equal to 2.5% of the average weekly net asset value of the Fund.

• CHAPTER 2 Retirement Borrowing Options – Opportunities and Limitations 2.1 Introduction In this chapter, we provide an overview of the financial product options currently available for older people, including conventional mortgage borrowing, unsecured consumer borrowing, unregulated borrowing options and equity release (lifetime mortgages and home reversions).

• BORROWING OPTIONS: The Company's Borrowing Options for advances under the Revolving Credit shall include a Eurodollar Rate and a Base Rate plus the Applicable Margin.

• The Council’s short and long term external borrowing at 31 March 2020 consisted of Public Works Loan Board (PWLB) of £208.408 million, long term bank loans of £45.000 million, other long term market loans (Lender Option and Borrowing Options) of £130.000 million, short term borrowing of £124.000 million, funds held in trust of £0.738 million, and accrued interest payable on these balances of £3.550 million.

• Owner outreach materials are available online through the Housing Authority’s website (www.lmha1.org).

• Debt Capacity Analysis and Identification of Future Borrowing Options: Contractor must provide advice on the amount of debt that can be serviced by the City’s existing revenue streams, based on the City’s expense structure (both current and pro forma for in process initiatives) and desired credit metrics and/or “cushion” against negative variances, all based upon projections provided by the City.

More Definitions of Borrowing Options

Borrowing Options. Eurodollar Rate and Base Rate. Eurodollar Rate will be adjusted for reserves and other regulatory requirements.

Borrowing Options. Same as Facility A Facility C: $8,000,000 Secured Acquisition Term Loan Facility. ---------- ("Acquisition Facility"). Borrower: Company

Borrowing Options. Same as Facility A Drawdowns: Base Rate - Minimum draws of $250,000 with same day notice. Eurodollar Rate - Minimum draws of $1,500,000 with three (3) business days notice.

Borrowing Options. The facility is available at the Borrower's option by way of: - Prime Rate Based Loans in CDN$ ("Prime Based Loans") - Letters of Credit in CDN$ or USD$ ("L/Cs") - Stand-By Letters of Guarantee in CDN$ ("L/Gs") - L/Cs are to be issued to a maximum of 180 days - Standby L/Gs are to be issued for a maximum of 1 year ANCILLARY FACILITY: Rapidwire in the amount of $3,000,000 CAD PURPOSE: The facility is to be used to fund working capital needs.