Existing Commercial Paper Program definition

Existing Commercial Paper Program means the Company’s commercial paper program, pursuant to which it may issue unsecured notes in a maximum aggregate face amount of $2.5 billion outstanding at any time, with maturities up to 365 days from the date of issuance.
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Existing Commercial Paper Program means the Borrower’s commercial paper program with JPMorgan Chase Bank, N.A. as in effect immediately prior to the Closing Date.
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Existing Commercial Paper Program means that program established pursuant to City Ordinance 2004-884-E, as supplemented and amended.
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Examples of Existing Commercial Paper Program in a sentence

  • In furtherance and not in limitation of the foregoing, the Company and its Subsidiaries shall use commercially reasonable efforts to deliver to Parent at least one Business Day prior to the Closing Date, executed payoff letters (each, a “Payoff Letter ”), in a form and substance reasonably satisfactory to Parent, from the lenders, or the administrative agent (or similar Person) on behalf of the lenders, under the Existing Credit Facility and the Existing Commercial Paper Program.

  • The Borrower will use the proceeds of the initial issuance of CP Notes solely to reimburse JPMorgan Chase Bank, N.A. for a drawing under the Letter of Credit (as defined in the Existing Credit Agreement), the proceeds of which drawing shall have been applied to repay in full all commercial paper of the Borrower outstanding under the Existing Commercial Paper Program on the Closing Date.