Mandatory Borrowing definition

Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

Mandatory Borrowing has the meaning set forth in Section 2.3(b)(iii).

Mandatory Borrowing is defined in Section 2.9(b).

Examples of Mandatory Borrowing in a sentence

• All such amounts will be made available in Dollars and in immediately available funds at the Payment Office, and the Administrative Agent will, except in the case of Revolving Loans made pursuant to a Mandatory Borrowing, make available to the Borrower at the Payment Office the aggregate of the amounts so made available by the Lenders.

• Any Committed Borrowing which is deemed requested by the Borrower in accordance with this Section 2.3(b)(iii) is hereinafter referred to as a "Mandatory Borrowing".

• All such amounts will be made available in Dollars (in the case of Dollar Denominated Loans), in Euros (in the case of Euro Denominated Loans) or in Sterling (in the case of Sterling Denominated Loans) and in immediately available funds at the Payment Office, and the Administrative Agent will, except in the case of Revolving Loans made pursuant to a Mandatory Borrowing, make available to the Borrower at the Payment Office the aggregate of the amounts so made available by the Lenders.

• The proceeds of each Mandatory Borrowing shall be remitted directly to the Swing Line Lender to repay such outstanding Swing Line Loan.

• The proceeds of such LOC Mandatory Borrowing shall be paid directly to the applicable Issuing Lender for application to the respective LOC Obligations.

More Definitions of Mandatory Borrowing

Mandatory Borrowing has the meaning given to such term in Section 2.15(b).

Mandatory Borrowing with respect to (a) Swingline Loans, has the meaning set forth in Section 2.3(b)(ii) and (b) with respect to Letters of Credit, has the meaning set forth in Section 2.4(e).

Mandatory Borrowing shall have the meaning given thereto in Section 2.8(b) hereof.

Mandatory Borrowing shall have the meaning set forth in Section 2.4(e) or Section 2.5(b)(ii), as the context may require.

Mandatory Borrowing is defined in Section 3.1.1(c).

Mandatory Borrowing shall have such meaning as provided in Section 2.4(e).

Mandatory Borrowing has the meaning set forth in Section 1.01(e).