CP Backstop Borrowing definition
CP Backstop Borrowing means a Borrowing the proceeds of which are used solely for the purpose of repaying outstanding commercial paper issued by the Company.
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Related to CP Backstop 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.
Initial Borrowing means the first Borrowing made pursuant to this Agreement.
SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.
RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.
Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.