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 twenty-four (24) months from the date of this Agreement. The Borrowing Term shall be extended for a period of twelve (12) months provided the Maturity Date has been extended at least twelve (12) months.

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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 Sixth Amendment or (b) September 9, 1996.

Examples of Borrowing Term in a sentence

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.
Subsequent to the expiration of the Borrowing Term, the Maximum Permitted Outstanding Principal Balance on each Required Payment Date shall equal the respective percentages set forth below of the outstanding principal balance of the Loan (inclusive of all unpaid Tranches) at the expiration of the Borrowing Term.
Lender shall have no obligation to make any Advance after the Borrowing Term has expired.
Upon the expiration of the Borrowing Term, the principal balance of the Loan (inclusive of all unpaid Tranches) shall be calculated for purposes of calculating the Maximum Permitted Outstanding Principal Balance.
The Administrative Agent shall advise each Lender of the details and amount of any Loan to be made as part of the relevant requested Borrowing (x) in the case of any ABR Borrowing, on the same Business Day of receipt of a Borrowing Request in accordance with this Section or (y) in the case of any LIBO Rate Borrowing, Term SOFR Borrowing or RFR Loan, no later than one Business Day following receipt of a Borrowing Request in accordance with this Section 2.03.

More Definitions of Borrowing Term

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 the period terminating upon the close of business November 24, 1999, and as the same may be extended any number of times by the Lender, in its sole discretion, for a 364 day period that commences upon the date upon which the Borrowing Term would have expired but for the Lender's election to so extend (each such date upon which such extension occurs, an "Extension Commencement Date"); provided that the Lender shall have delivered at least sixty (60) days prior to such Extension Commencement Date written notice to the Borrower that sets forth the Lender's decision to make or not to make such election, as the case may be, or such shorter period of time as is acceptable to the Borrower, provided, further, that if the Lender shall not provide any notice of its intention to so extend, any Advance extended to the Borrower after the expiry of such 60 day period shall be conclusive evidence of acceptability to the Borrower."

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) February 5, 1996. The Borrowing Term shall be extended for any period of time that any Force Majeure delay prevents commencement of construction of the Project.

Borrowing Term shall have the meaning ascribed thereto in Article 4.2;

Borrowing Term the period commencing on the date hereof and ending on the close of Lender's normal business day on August 31, 1998. 2.3 Borrower will indemnify, hold harmless and defend Lender, and its officers, directors, employees, agents, affiliates, successors and assigns for, from and against loss, expense, demand and liability arising out of any claim for a broker's fee with respect to the transaction contemplated by this Amendment. 2.4 Borrower represents, warrants and covenants, with the express understanding that, but for the truth of such representations, warranties and covenants, Lender would not enter into this amendment, which representations, warranties and covenants shall continue in full force and effect until the final payment, satisfaction and discharge of all obligations of Borrower under the Loan Agreement and certain documents executed in connection therewith (the "Loan Documents"), as modified by the Modification Documents, that: 2.4.1 Borrower affirms to Lender the accuracy, as of the date hereof, of each and every representation and warranty contained in the Loan Documents made at the time each of the Loan Documents was originally executed and delivered as if such representations and warranties were being made upon Borrower's execution 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 hereof and ending on the date eighteen (18) months from the date hereof.