Borrowing Term definition

Borrowing Term the period commencing on the date of this Agreement and ending on the close of Lender's normal business hours on the date (or if not a Business Day, the first Business Day thereafter) which is the earlier of (a) the date 12 months from the date of the first Advance made after July 24, 1995, or (b) August 31, 1996.
Borrowing Term shall have the meaning ascribed thereto in Article 4.2.
Borrowing Term means the period of time during which Lender is committed to make advances under the Receivables Loan Agreement, which commitment shall terminate on the earlier of (a) the date which occurs eighteen (18) months after the date of the first Advance which is made by Lender after the date of this Fourth Amendment or (b) September 13, 1995.

Examples of Borrowing Term in a sentence

  • The RCF is repayable in a bullet at the end of the Borrowing Term.

  • Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender.

  • The company had been utilizing this Line of Credit during the Borrowing Term as a source of additional operating funds for working capital needs.

  • The 2018 Note required minimum monthly payments of principal and interest during the Borrowing Term and is secured by certain intellectual property rights of the company.

  • Uganda has access to the East African air rescue facility (AMREF) in the event of a serious medical evacuation being required.


More Definitions of Borrowing Term

Borrowing Term shall have the meaning ascribed thereto in Article 4.2;
Borrowing Term means the period of time during which Lender is committed to make Advances under this Agreement, which commitment shall terminate on the earlier of (i) the date which occurs twelve (12) months after the date of the first Advance or (ii) March 30, 1993.
Borrowing Term the period commencing on the date of this Amendment and ending on the close of Lender's normal business hours on the date (or if not a Business Day, the first Business Day thereafter) which is thirty-six (36) months from the date of this Amendment.
Borrowing Term means the period of time during which Lender is committed to make advances under the Loan Agreement as amended by the Eleventh Amendment, which commitment shall terminate (a) as to Aloha Bay Phase I, on the first to occur of that date which is six (6) months after the Aloha Bay Phase I Acquisition Advance or May 31, 1996, and (b) as to Aloha Bay Phase II, on December 31, 1996.
Borrowing Term the period commencing on the date of this Agreement and ending on the close of Lender's normal
Borrowing Term the period commencing on the date of this Agreement and ending on the close of Lender's normal business hours on the second anniversary of the date of this Agreement.
Borrowing Term means the period of time during which FINOVA is committed to make Advances, which commitment shall terminate, as to each Borrower, on the date described in Section 1.2 on the Schedule.