Committed Borrowing definition

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.
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Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type, in the same currency and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.
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Committed Borrowing means a Committed Revolving Borrowing or a Committed Term Borrowing or both as the context requires.
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Examples of Committed Borrowing in a sentence

  • If such Lender pays its share of the applicable Committed Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Committed Loan included in such Committed Borrowing.

  • If the Borrower requests a Committed Borrowing of, conversion to, or continuation of Term SOFR Loan in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

  • In the case of a Committed Borrowing, each Lender shall make the amount of its Committed Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice.

  • Except as provided in Section 2.03(d), each Committed Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof.

  • If no election is specified as to whether a SOFR Borrowing is to be a Term SOFR Loan or Daily Simple SOFR Loan, then the requested Committed Borrowing shall be a Daily Simple SOFR Loan.


More Definitions of Committed Borrowing

Committed Borrowing has the meaning set forth in Section 1.3.
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Committed Borrowing means a Borrowing under Section 2.01(a).
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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.
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Committed Borrowing has the meaning set forth in Section 1.03.
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Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and Tranche, in the same currency and, in the case of Eurocurrency Rate Committed Loans, having the same Interest Period.
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Committed Borrowing means a borrowing consisting of simultaneous ------------------- Committed Advances of the same Type made by each of the Banks to a Borrower pursuant to Section 2.01. ------------
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Committed Borrowing means a Revolving Credit Borrowing or a Term Borrowing, as the context may require.
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