Borrowing Periods definition

Borrowing Periods. Each library shall set its own borrowing periods and conditions. Materials are subject to recall from home institution borrowers. The lending library can set a maximum number of items borrowed, or place other conditions on the loan. The lending library may revoke borrowing privileges if borrowing policies are not followed. The lending library may send outstanding debts to a collection agency. Unreturned or late materials: Each library shall charge its own overdue fines, processing fees, and surcharges, as deemed appropriate by the lending library. Each library will follow its normal notification and billing procedures, contacting users from other colleges directly. The borrower’s library and institution will assist in retrieving materials for the lending library, when requested to do so, using all procedures it normally uses to achieve the return of its own books. The borrower’s institution will not be responsible for reimbursing the lending library for fines or fees.
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Examples of Borrowing Periods in a sentence

  • The Lender shall not be required to maintain more than four different Borrowing Periods hereunder at any one time.

  • After the Advance the Borrower may select Borrowing Periods by giving notice to the Lender at least three Business Days prior to the expiration of a Borrowing Period then in effect.

  • Each Mandatory Prepayment shall be applied to the unpaid principal amount of Revolving Loans; provided that each Mandatory Prepayment shall be applied first to reduce the Base Rate Loan constituting a portion of the respective Loan and then to the Fixed Rate Loans constituting a portion thereof, in the order of termination of Borrowing Periods applicable thereto.

  • In the case of any Interest Periods or Borrowing Periods in respect of which interest is payable at any Overnight Rate plus the applicable Margin and Mandatory Cost Rate (if any), then each Borrower shall pay interest on the Business Day falling two (2) Business Days after the end of the relevant Interest Period or Borrowing Period (as the case may be).

  • After the Advance, the Borrowers may select Borrowing Periods by giving notice to the Lender at least three Business Days prior to the expiration of a Borrowing Period then in effect.

  • Upon the expiration of any LIBOR Rate Borrowing Period, the Borrowers may renew the LIBOR-Based Rate for one or more additional LIBOR Rate Borrowing Periods; provided that Borrowers shall give to the Banks notice of the renewal date in accordance with the provisions of Section 3.2 hereof.

  • Upon the expiration of any LIBOR Rate Borrowing Period, the Borrower may renew the LIBOR-Based Rate for one or more additional LIBOR Rate Borrowing Periods; provided that Borrower shall give to the Bank notice of the renewal date in accordance with the provisions of Section 2.3(b) hereof.

  • Notwithstanding anything to the ------------------------------- contrary contained in this agreement, Borrower shall borrow, prepay, convert and continue Advances in a manner such that (a) the aggregate principal amount of its Eurodollar Rate Advances of the same Type and having the same Eurodollar Borrowing Period shall at all times be no less than $2,000,000 and (b) there shall not be, at any one time, more than three Eurodollar Borrowing Periods in effect.