Existing Borrowing definition

Existing Borrowing means all borrowing from lending institutions, vendors or agencies of federal, state or local governments or their political subdivisions, as set forth on the Financial Statements or in the books and records of the Company.
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Existing Borrowing means a Borrowing outstanding on the Funding Date (as of immediately prior to the effectiveness hereof). Upon receipt of the Supplemental Term Loan Borrowing Notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having a 2017-1 Supplemental Term Loan Commitment will make the amount of its pro rata share of the 2017-1 Supplemental Term Loans available, in each case for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 of the Credit Agreement prior to 2:00 P.M., New York City time (or, if the time period for the Borrower’s delivery of notice was extended, such later time as agreed to by the Borrower and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice) on the Third Amendment Effective Date (as such term is defined in the third amendment to the Credit Agreement to be entered into on the date hereof) (the “Funding Date”) in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date credit by wire transfer as directed by the Borrower the aggregate of the amounts made available to the Administrative Agent by the Lenders (net of Transaction Costs (as defined below)) and in like funds as received by the Administrative Agent. Notwithstanding anything in this Increase Supplement to the contrary, unless previously terminated, the commitments of each Increasing Lender pursuant to Section 2 shall terminate upon the earlier of (x) the making of its 2017-1 Supplemental Term Loans on the Funding Date and (y) 5:00 p.m., New York City time, on January 31, 2017.
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Existing Borrowing has the meaning given to such term in Section 2.18(e).
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Examples of Existing Borrowing in a sentence

  • You should integrate development of the guide into the rulemaking process.

  • Overview of the Prepayment of the Existing Borrowing New Syndicate Loan (C) (Note 1) Interest rate applicable for the period from June 30, 2015 to July 30, 2015 (Note 2) One-month JPY TIBOR + spread (0.8%) New Syndicate Loan (D) (Note 1) Interest rate applicable for the period from June 30, 2015 to July 30, 2015 (Note 2) One-month JPY TIBOR + spread (0.8%)Prudential LPS Loan B (ii) Overview of the New Borrowing Overview of the New Borrowing to be implemented as of August 28, 2015 is as follows.

  • Within one hundred twenty (120) days subsequent to the Closing Date, use commercially reasonable efforts to obtain executed estoppels and subordination, non-disturbance and attornment agreements from each tenant of an Existing Borrowing Base Property party to a Major Lease in existence as of the Closing Date, to the extent not already obtained.

  • The terms of any such additional Notes or External Permitted Debt may provide for a higher or lower interest rate than the interest rate under the Existing Borrowing Arrangements.

  • Amendment of the interest rate swap agreement The notional principal amount of the interest rate swap which was effective on March 29, 2021 and commenced with the initial notional amount of JPY 17,000 million to hedge the fluctuation risk of the interest rate on the Existing Borrowing has been amended to match the principal amount of the Existing Borrowing after the Early Repayment.

  • Capital Loan (Existing Borrowing) The Authority negotiated Capital Loans in the amount of $4.5 million to finance two new pilot boats for Placentia Bay in 2007.

  • Purpose of the BorrowingThe Borrowing (17,000 million yen) is for use as repayment funds of a long-term borrowings (17,000 million yen) which shall be due for repayment on November 30, 2021 (the “Existing Borrowing”).For details of the Existing Borrowing, please refer to “Notice Concerning Borrowing of Funds and Establishment of Interest Rate Swaps” announced on December 3, 2014.

  • Depending on the terms and conditions of any such future additional Notes or External Permitted Debt, the Issuer may be more or less leveraged than the Issuer would be with the Existing Borrowing Arrangements alone.

  • In addition to indebtedness under the Existing Borrowing Arrangements, the Existing Borrowing Arrangements permit the Issuer (including through special purpose, bankruptcy-remote subsidiaries (each, a "Hedging SPE") established to hold certain assets, incur certain indebtedness and enter into Hedging and Short-Sale Transactions) to (i) incur certain other indebtedness secured by the Collateral and (ii) engage in Hedging and Short-Sale Transactions.

  • Annual Minimum Revenue Provision Statement 2017/18 Appendices a Existing Borrowing and Investments b.


More Definitions of Existing Borrowing

Existing Borrowing means all borrowing from lending institutions, vendors or agencies of federal, state or local governments or their political subdivisions. “Financial Statements of NOTES” means, and includes, all of the following:
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Existing Borrowing means the existing external commercial borrowings of JPY 3,960,000,000 extended to the Original Borrower by Xxxxxx Trading Limited for capital expenditure purposes.
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Existing Borrowing means all borrowing from lending institutions, vendors or agencies of federal, state or local governments or their political subdivisions.
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Existing Borrowing means the amount of any outstanding borrowing owed by the Borrowers and/or the Owners to a Commercial Lender as set out in the Redemption Statement obtained at the relevant time;
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Related to Existing 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 Lenders pursuant to Section 2.01.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans on the Closing Date; provided that, without limitation, Letters of Credit may be issued on the Closing Date to backstop or replace letters of credit, guarantees and performance or similar bonds outstanding on the Closing Date (including deemed issuances of Letters of Credit under this Agreement resulting from existing issuers of letters of credit outstanding on the Closing Date agreeing to become L/C Issuers under this Agreement).

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar 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.

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

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

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

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

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

  • 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.

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

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

  • 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).

  • 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).

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

  • 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).

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • Mandatory Borrowing shall have the meaning provided in Section 1.01(c).

  • 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.

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

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

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Letter of Credit Borrowing means an extension of credit resulting from a drawing under any Letter of Credit that has not been reimbursed on the date when made or refinanced as a Borrowing.