Borrowing Powers definition

Borrowing Powers means the power of the Board of Directors to borrow funds on a secured and/or unsecured basis;
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Examples of Borrowing Powers in a sentence

  • Borrowing Powers The ICAV may only borrow on a temporary basis and the aggregate amount of such borrowings may not exceed 10% of the Net Asset Value of each Fund.

  • The Sub-Fund may, for efficient portfolio management and for hedging purposes use financial derivative instruments and techniques and instruments within the limit set forth in Appendix A "Investment and Borrowing Powers and Restrictions".

  • The Directors may, at their discretion, raise or borrow money or other financial accommodation of any kind whatever on behalf of the Company and do not require the consent of the Members to exercise these powers ( Borrowing Powers).

  • The investment restrictions on financial derivative instruments disclosed in Appendix A "Investment and Borrowing Powers and Restrictions" will not apply.

  • The Sub-Fund may also for hedging purposes use financial derivative instruments and techniques and instruments within the limit set forth in Appendix A "Investment and Borrowing Powers and Restrictions".

  • Borrowing Powers The Company may only borrow on a temporary basis and the aggregate amount of such borrowings may not exceed 10% of the Net Asset Value of each Fund.

  • If any of the events set out above occurs the rules in the COLL Sourcebook concerning Dealing (COLL 6.2), Valuation and Pricing (COLL 6.3) and Investment and Borrowing Powers (COLL 5), will cease to apply.

  • Further details on all of these techniques can be found in Appendix III (Investment and Borrowing Powers of the Company).

  • COLL 6.2 (Dealing), COLL 6.3 (Valuation and Pricing) and COLL 5 (Investment and Borrowing Powers) will cease to apply to the Company or the relevant Fund; 2.

  • The Sub-Fund may also use financial derivative instruments for hedging purposes and techniques and instruments for efficient portfolio management within the limit set forth in Appendix A "Investment and Borrowing Powers and Restrictions".

Related to Borrowing Powers

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

  • 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.

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

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • 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 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.

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

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

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).