Loans and borrowings definition

Loans and borrowings means the aggregate amount of:
View Source
Loans and borrowings f c \l “2” \* MERGEFORMAT AUTONF D3_TC. (a) Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Any Swingline Loan shall be made in accordance with the procedures set forth in Section 2.04. (b) Subject to Section 2.13, each Floor Plan Borrowing shall be comprised entirely of Term Benchmark Loans or RFR Loans; provided that RFR Loans are only available under this Agreement as the result of the application of Section 2.
View Source

Examples of Loans and borrowings in a sentence

  • The Commitments, Loans and borrowings thereof of any Class established pursuant to this Section 2.10 shall constitute Commitments, Loans and Revolving Credit Loans under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the undertakings of the Guarantors to the extent provided in Article X.

  • The Borrower will use the proceeds of the Initial Term Loans and borrowings under the ABL Facility to effect the Transactions, with any remaining amounts available for general corporate purposes.

  • This Agreement shall terminate immediately upon the expiration or termination of the SEC's authorization under PUHCA for the making of unsecured Loans and borrowings by the Participants through the Money Pool (the "Termination Date").

  • Loans and borrowings are derecognised if the Group’s obligations as specified in the contract expire or are discharged or cancelled.

  • The Borrower will use the proceeds of Incremental Term Loans and borrowings under any Revolving Facility Increase for any purpose not prohibited by this Agreement.

  • The unaudited pro forma condensed combined statement of financial position reflect the reclassification as a decrease of Loans and borrowings of £27,729 and a decrease to Ajax Class A Ordinary Shares of £1 with a corresponding increase to Class A Ordinary Shares of £2 and increase to Share premium reserve of £27,728.

  • Agent is authorized to make the Advances and ------------------ Capital Expenditure Loans and borrowings under the Term Loan, and Issuing Lender is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person, or without instructions if pursuant to Section 2.6(d).

  • Borrowings (other than Competitive Loans and borrowings to repay Swingline Loans under Section 2.3(e)) of Tranche A Loans and Tranche B Loans, respectively, and, except as provided in Section 2.19, reductions of Tranche A Commitments and Tranche B Commitments, respectively, shall be made pro rata according to the respective percentage which the aggregate Tranche A Commitments and aggregate Tranche B Commitments, respectively, constitute of the Total Commitments.

  • Loans and borrowings are recognised at fair value, plus any directly attributable transaction costs, if the Group becomes a party to the contractual provisions of the instrument.

  • Thai Airways as lessee and provider of income and DekaBank as provider of the Third and Fourth Loans and borrowings, cash and restricted cash are additional risks to those disclosed in the annual financial statements as at and for the period ended 31 December 2014.