Borrowing Period definition
Examples of Borrowing Period in a sentence
Monthly principal payments will be initially determined for the Equipment Loans made during the Initial Borrowing Period and the amount of such monthly principal payments shall be increased upon the completion of each such subsequent Borrowing Period by the Amortization Amount for each such subsequent Borrowing Period.
At the end of the Borrowing Period the sum of the principal of all Term Loans shall amortize on the basis of a sixty month schedule (such amount, the “Amortization Amount”).
During the Borrowing Period, Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement.
If a Default or an Event of Default shall exist upon the expiration of the Borrowing Period applicable to any Fixed Rate Loan, such Loan automatically shall be converted into a Base Rate Loan.
Within the limits described in this Section 2(a), the Borrower may borrow, repay and reborrow Loans until the end of the Borrowing Period.