Contract Borrowing definition

Contract Borrowing means a Borrowing consisting of simultaneous Contract Advances of the same Type made ratably by all of the Banks pursuant to Section 2.01(a).
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Contract Borrowing means a borrowing consisting of one or more Contract Advances of the same Type and Interest Period, if any, made to the Borrower on the same Business Day by the Lenders, ratably in accordance with their respective Commitments. A Contract Borrowing may be referred to herein as being a "Type" of Contract Borrowing, corresponding to the Type of Contract Advances comprising such Borrowing. For purposes of this Agreement, all Contract Advances of the same Type and Interest Period, if any, made or converted on the same day to the Borrower shall be deemed a single Contract Borrowing hereunder until repaid.
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Contract Borrowing means a borrowing consisting of one or more Contract Advances of the same Type and Interest Period, if any, made to the same Borrower on the same Business Day by the Lenders, ratably in accordance with their respective Commitments. A Contract Borrowing may be referred to herein as being a "Type" of Contract Borrowing, corresponding to the Type of Contract Advances comprising such Borrowing. For purposes of this Agreement, all Contract Advances of the same Type and Interest Period, if any, made or converted on the same day to the same Borrower shall be deemed a single Contract Borrowing hereunder until repaid.
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Examples of Contract Borrowing in a sentence

  • Upon receipt of a Notice of Contract Borrowing, the Administrative Agent shall notify the Lenders thereof promptly on the day so received.

  • More than one Contract Borrowing may be made on the same Business Day.

  • Each Contract Borrowing shall consist of Contract Advances of the same Type and Interest Period made to the same Borrower on the same Business Day by the Lenders ratably according to their respective Commitments.

  • Each Contract Borrowing shall be in an aggregate amount not less than $10,000,000 (subject to the terms of this Section 2.01(a)) or an integral multiple of $1,000,000 in excess thereof and shall consist of Contract Advances of the same Type made on the same day by the Banks ratably according to their respective Commitments.

  • Each Contract Borrowing shall be made on notice in substantially the form of Exhibit 3.01 hereto (a "Notice of Contract Borrowing"), delivered by the Borrower requesting such Contract Borrowing to the Administrative Agent, by hand or facsimile, not later than 11:00 a.m. (New York City time) (i) in the case of Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed Borrowing and (ii) in the case of Base Rate Advances, on the day of the proposed Borrowing.

  • Each Contract Borrowing shall consist of Contract Advances of the same Type and Interest Period made to the Borrower on the same Business Day by the Lenders ratably according to their respective Commitments.

  • Each Notice of Contract Borrowing shall specify therein: (i) the requested (A) date of such Borrowing, (B) principal amount and Type of Advances comprising such Borrowing and (C) initial Interest Period for such Advances; and (ii) the aggregate amount of Outstanding Credits on such date after giving effect to such proposed Borrowing.

  • Each Contract Borrowing shall be made on notice in substantially the form of Exhibit 3.01 hereto (a "Notice of Contract Borrowing"), delivered by the Borrower to the Administrative Agent, by hand or facsimile, not later than 11:00 a.m. (New York City time) (i) in the case of Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed Borrowing and (ii) in the case of Base Rate Advances, on the day of the proposed Borrowing.

  • We rely on the AMHS to travel between Southeast communities for visiting friends and family, and family, friends and residents in those communities rely on the AMHS to come to Juneau to shop and to visit.

  • Each such notice of a Contract Borrowing (a "Notice of Contract Borrowing") shall be in substantially the form of Exhibit A-1 hereto, specifying therein the requested (i) date of such Contract Borrowing, (ii) Type of Contract Advances comprising such Contract Borrowing, (iii) aggregate amount of such Contract Borrowing and (iv) Interest Period.


More Definitions of Contract Borrowing

Contract Borrowing means Contract Loans of the same type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by all Lenders on the same Business Day pursuant to the same Contract Borrowing Request pursuant to Section 2.1.
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Contract Borrowing means a borrowing consisting of one or more Contract Advances of the same Type and Interest Period, if any, made, continued or converted on the same Business Day. A Contract Borrowing may be referred to herein as being a "TYPE" of Contract Borrowing, corresponding to the Type of Contract Advances comprising such Borrowing, whether such Advances were made on the Funding Date or were continued or converted as Advances of a certain Type and for a certain Interest Period. For purposes of this Agreement, all Contract Advances of the same Type and Interest Period, if any, made, continued or converted on the same day to the Borrower shall be deemed a single Contract Borrowing hereunder until repaid.
Sample 1
Contract Borrowing means a borrowing consisting of Contract Advances of the same Type and Interest Period made on the same day by the Lenders, ratably in accordance with their respective Commitments. A Contract Borrowing may be referred to herein as being a "Type" of Contract Borrowing, corresponding to the Type of Contract Advances comprising such Borrowing. For purposes of this Agreement, all Contract Advances of the same Type and Interest Period made on the same day shall be deemed a single Contract Borrowing hereunder until repaid.
Sample 1
Contract Borrowing means a borrowing consisting of one or more Contract Advances of the same Type and Interest Period, if any, made to the same Borrower on the same Business Day by the Lenders, ratably in accordance with their respective Commitments. A Contract Borrowing may be referred to herein as being a 'TYPE' of Contract Borrowing, corresponding to the Type of Contract Advances comprising such Borrowing. For purposes of this Agreement, all Contract Advances of the same Type and Interest Period, if any, made on the same day to the same Borrower shall be deemed a single Contract Borrowing hereunder until repaid.
Sample 1
Contract Borrowing means a Borrowing consisting of simultaneous Contract Advances of the same Type made ratably by all of the Banks pursuant to SECTION 2.01(A).
Sample 1

Related to Contract Borrowing

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

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

  • 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.

  • 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).

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

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

  • 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 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).

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

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

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

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

  • 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).

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

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • 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.

  • Notice of Swingline Borrowing means a notice in the form of Exhibit F to be delivered to the Agent pursuant to Section 2.04 evidencing the Borrower’s request for a Swingline Loan.

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

  • 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).

  • 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.