Borrowing Options definition

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

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

Examples of Borrowing Options in a sentence

• Royal agrees to use reasonable efforts to apply moneys received by it to first repay Borrowings under the Borrowing Options which do not have redeployment costs associated with payment prior to the maturity dates of such Borrowings.

• For the purposes of Part III and Section 4.3, notices from the Borrower to Royal must be received by Royal prior to 12:00 noon local time at Vancouver, British Columbia in respect of all Borrowing Options other than Eurocurrency Advances and prior to 10:00 am.

• Borrowing Options to Company for advances under the Revolving Credit shall include a Eurocurrency Rate and a Base Rate plus the Applicable Margins adjusted quarterly upon receipt of quarterly and annual financial statements and compliance certificate.

• For the period from the date of such notice until the Borrower elects to convert to another form or forms of Borrowing, the Borrowing affected by such illegality or prohibition shall, if not repaid, be converted into a U.S. Advance and thereafter Royal shall, if such illegality affects then outstanding Eurocurrency Advances, be obligated to extend its Eurocurrency Advances in such other Borrowing Options as the Borrower may request.

• The Company's Borrowing Options for elections under the Term Loan shall include a Eurocurrency Rate and a Base Rate plus the Applicable Margin.

• The Borrower agrees to pay to Royal and Royal agrees to repay to the Borrower the amount resulting from an adjustment of Schedule A rates and fees in respect of Bankers' Acceptance, Documentary Credits and Eurocurrency Advances resulting from a Rating Change prior to the maturity of such Borrowing Options.

• FEES For the Borrowing Options available to the Borrower, interest rates and fees are as follows: • Prime Based Loans - Prime Rate + 0.00% per annum • USBR Loans - USBR + 0.00% per annum Information on Interest Rate Definitions, Interest Calculations and Payment is set out in the Schedule "A" attached hereto.

• NOTWITHSTANDING THE FOREGOING, THIS SECTION WILL NOT PREVENT EITHER PARTY FROM SEEKING INJUNCTIVE RELIEF (OR ANY OTHER PROVISIONAL REMEDY) FROM ANY COURT HAVING JURISDICTION OVER THE PARTIES AND THE SUBJECT MATTER OF THEIR DISPUTE RELATING TO THIS SEPARATION AGREEMENT AND THE AGREEMENTS INCORPORATED HEREIN BY REFERENCE.

• Borrowing Options to Company for advances under the Revolving Credit shall include a Eurodollar Rate and a Base Rate plus the Applicable Margins adjusted quarterly, but within 5 Business Days upon receipt of quarterly and annual financial statements and compliance certificates.

More Definitions of Borrowing Options

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

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 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇ 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 ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ 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. 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.

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

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