Borrowing Power definition

Borrowing Power means the sum of:
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Borrowing Power means, with respect to each type of Eligible Collateral, the dollar amount the Bank is willing to lend (including, without limitation, the amount of Total Letter of Credit Exposure the Bank will accept), against such type of Eligible Collateral, as determined by the Bank from time to time in its discretion. Borrowing Power may be expressed as the dollar equivalent of the aggregate Value of such type of Eligible Collateral multiplied by a percentage (the "Borrowing Percentage") applicable to such type of Eligible Collateral. Such Borrowing Percentage shall be determined (and may be changed) by the Bank from time to time in its discretion. With respect to Eligible Collateral consisting of more than one type of asset or property, the aggregate Borrowing Power of such Eligible Collateral shall be the sum of the Borrowing Power with respect to each type of Eligible Collateral. Collateral which does not constitute "Eligible Collateral" shall have no Borrowing Power.
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Borrowing Power means the amount you are willing to lend against a fully paid for security, as determined by you from time to time in your discretion. "Maintenance Requirement" means the Value of Collateral which must be maintained in the Securities Account, as determined by you from time to time in your discretion. "Value" means the value assigned to the Collateral by you from time to time in accordance with your standard valuation procedures, as such procedures may be modified, amended or supplemented by you from time to time in your discretion.
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Examples of Borrowing Power in a sentence

  • Disbursements shall be made only after receipt of Borrowing Power approval from GoI under Article 293 (3) of Constitution of India by the State Government.

  • If the Overadvance fee set forth in Paragraph 4 hereof is not paid in full when due, the Borrower will not have the privilege of including the Overadvance Component in the Borrowing Power and the Borrower will be considered to be in default if at any time the outstanding principal balance of the Revolving Advances exceeded the difference of the Borrowing Power and the Overadvance Component.

  • The Borrower shall pay the Lender in four equal monthly installments, the first installment due on September 15, 1998 and each subsequent installment due on the 15th of each month thereafter, a fully earned, non-refundable fee in the amount of $10,000 for the privilege of including the Overadvance Component in the Borrowing Power.

  • If the Bank in its discretion agrees (and provided, among other things, that there is Eligible Collateral with sufficient Borrowing Power and it is permitted by applicable law), such Reimbursement Obligation may be satisfied by the funding of an Advance, the proceeds of such Advance being paid directly to the Bank as payment of the Reimbursement Eligible Obligation.

  • Prior to the end of the Loan Term, the Borrower may request Advances (in amounts not less than the Minimum Advance Amount) or Letters of Credit, and any Advances which the Bank makes and the Borrower repays may be reborrowed, provided that, at no time shall an Advance be accepted or Letter of Credit be issued, if upon such Advance or issuance of such Letter of Credit, the Outstanding Principal Balance shall exceed the lesser of the Maximum Amount or the aggregate Borrowing Power of the Collateral.

  • The Bank shall not consider funding any Advance or issuing any Letter of Credit if such funding or issuance would cause the Outstanding Principal Balance to exceed the lesser of the Maximum Amount or the aggregate Borrowing Power of the Collateral.

  • On the earlier of September 30, 1999 or the Termination Date, the Borrower shall pay the Lender a fully earned, non-refundable fee in the amount of $20,000 for the privilege of including the Overadvance Component in the Borrowing Power.


More Definitions of Borrowing Power

Borrowing Power means at any time and subject to change from time to time in the Lender's sole discretion, the sum of:
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Related to Borrowing Power

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.