Long-term borrowing definition
Long-term borrowing means a borrowing lasting over one year from the drawdown date to the repayment date and includes long-term borrowings to be repaid within one year.
Long-term borrowing a Borrowing that is not a Short-Term Borrowing.
Long-term borrowing means at any time an amount of Outstanding Debit Financing equal to the lesser of (i) the Maximum Commitment Financing and (ii) the lowest Outstanding Debit Financing held by Customer at any time over the immediately preceding 15 Business Days; provided that, prior to the earlier to occur of August 30, 2015 and the date that is 30 days after the date of the first Borrowing, “Long Term Borrowing” shall mean the lesser of (i) the Maximum Commitment Financing and (ii) the Outstanding Debit Financing.