Examples of CP Borrowing in a sentence
We further noted from the 2013 Interim Report that an existing loan provided by an entity controlled by Mr. Chen Chang Wei, a non-executive Director, to the Group, bears interest at 15% per annum (the “Existing CP Borrowing Rate”).
Thereafter, the Borrower may request Amsterdam to continue for an additional Interest Period part or all of any CP Borrowing by giving the Agent notice of such requested continuation by no later than 11:00 a.m. (Chicago time) one Business Day before the end of the current Interest Period for such Borrowing.
The Borrower shall provide to the Agent an irrevocable written request (including by telecopier or other facsimile communication) substantially in the form of Exhibit A by 11:00 a.m. (Chicago time) (i) three (3) Business Days before the requested Funding Date to request a Eurodollar Borrowing and (ii) one (1) Business Day before the requested Funding Date to request a Base Rate Borrowing or CP Borrowing.
With respect to the issuance of any Commercial Paper Note, a CP Borrowing Base Deficiency shall not exist and the issuance of such Commercial Paper Note, after giving effect to the repayment of any Commercial Paper Notes, Liquidity Advances and LOC Liquidity Disbursements made with the proceeds thereof, would not result in a CP Borrowing Base Deficiency.
Each CP Borrowing shall bear interest (computed on the basis of a 360-day year and actual days elapsed, excluding the date of repayment) on the unpaid principal amount thereof from the date such Borrowing is advanced or continued until the last day of its Interest Period (whether by acceleration or otherwise) at a rate per annum equal to the CP Rate for such Borrowing, payable on the last day of its Interest Period and when required by Section 3.1(c).
The Liquidity Agent shall have received an Officer's Certificate, dated the date of such issuance, duly executed and delivered by an Authorized Officer of DTFC, certifying the amount of the CP Borrowing Base as of the close of business on the last day of the calendar month immediately preceding such date of issuance.
With respect to the issuance of any Commercial Paper Note, a CP Borrowing Base Deficiency shall not exist and the issuance of such Commercial Paper Note, after giving effect to the repayment of any Commercial Paper Notes, Liquidity Advances and Support Liquidity Disbursements made with the proceeds thereof, would not result in a CP Borrowing Base Deficiency.
Accordingly, the highest Indicated Interest Rate are within the Range and much below the Existing CP Borrowing Rate.
The Series 1997-1 Liquidity Agent shall have received an Officer's Certificate, dated the date of such issuance, duly executed and delivered by an Authorized Officer of RFC, certifying the amount of the CP Borrowing Base as of the close of business of the day immediately preceding such date.