Bridge Borrowing definition

Bridge Borrowing means a borrowing consisting of simultaneous Bridge Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Bridge Lenders pursuant to Section 2.01(b).
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Bridge Borrowing means the borrowing consisting of simultaneous Bridge Loans made on the Closing Date.
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Bridge Borrowing means a borrowing under the Bridge Facility.
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Examples of Bridge Borrowing in a sentence

  • Each such optional prepayment shall be applied to prepay ratably the Bridge Loans of the several Bridge Banks included in such Bridge Borrowing.

  • The outcome of the review was agreed by the Parish Council in July 2019 and a 2nd stage consultation with residents took place in September/October 2019 to test acceptability of the proposal to recommend the site at Carlton Road as an alternative to Laws House.

  • Each prepayment of any Bridge Borrowing shall be accompanied by accrued interest to the extent required by Section 2.10.

  • The repealed LGP&E Act and the transitional planning scheme and any transitional planning scheme policies under repealed IPA continue to apply to the extent necessary to administer the development control plan.

  • Use the proceeds of the Bridge Borrowing (a) to partially finance the Acquisition, (b) to refinance outstanding Indebtedness under the Existing Credit Agreement, (c) to retire the outstanding Indebtedness under the Comerica Credit Facility and the ScissorTail Credit Facility, and (d) for the payment of fees and expenses relating to the Acquisition, the Credit Agreement and this Agreement.

  • The Bridge Borrowing shall consist of Bridge Loans made simultaneously by the Bridge Lenders in accordance with their respective Pro Rata Share of the Bridge Facility.

  • The Bridge Facility shall be automatically and permanently reduced on the date of the Bridge Borrowing (after giving effect to the Bridge Borrowing), and from time to time thereafter upon each repayment or prepayment of the outstanding Bridge Loans, by an amount equal to the amount by which (A) the Bridge Facility immediately prior to such reduction exceeds (B) the aggregate principal amount of all Bridge Loans outstanding at such time.

  • Each such notice must be received by the Administrative Agent not later than 12:00 p.m. (i) three Business Days prior to the requested date of any Bridge Borrowing of, conversion to or continuation of Eurodollar Rate Loans, and (ii) two Business Days prior to the requested date of any Bridge Borrowing of Base Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans.

  • Except in the case of the initial credit extension or a conversion to or continuation of the entire principal amount of the Bridge Loans outstanding hereunder, the Bridge Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.

  • Non-Fund Advisory Personnel may accept gifts valued up to $100, (per Non-Fund Advisory Personnel per year aggregated) without seeking pre-approval.

Related to Bridge Borrowing

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

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

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

  • 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.

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • 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.

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

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

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

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

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

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

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

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • 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.

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.

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

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

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • 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).

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”