Offshore Borrowing definition

Offshore Borrowing means any Loan or portion thereof designated or redesignated by Borrowers as an Offshore Borrowing pursuant to Section 2.
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Offshore Borrowing shall have the meaning given to such term in the definition of "Borrowing".
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Offshore Borrowing means a borrowing made hereunder consisting of Offshore Advances or Offshore Bid Rate Advances.
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Examples of Offshore Borrowing in a sentence

  • Each Hybrid Offshore Borrowing of, or conversion to, Base Rate Hybrid Offshore Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof.

  • Each UK Offshore Borrowing of, or continuation of UK Offshore Loans shall be in integral amounts of 1,000,000 with the minimum at least the Dollar Equivalent of $5,000,000.

  • If the Company requests a Hybrid Offshore Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Company Hybrid Offshore Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

  • After the Agent has provided notice to the Borrower in connection with this Section 8.01, unless the Borrower notifies the Agent on or before the date of any such relevant Euro_Dollar Borrowing or Offshore Borrowing for which a Notice of Borrowing has previously been given that it elects not to borrow on such date, such Borrowing shall instead be made as a Base Rate Borrowing.

  • Each Hybrid Offshore Borrowing of, conversion to, or continuation of, Hybrid Offshore Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

  • Each Hybrid Offshore Borrowing, each conversion of Hybrid Offshore Loans from one Type to the other, and each continuation of Hybrid Offshore Loans shall be made upon the Company's irrevocable notice to the Administrative Agent, which may be given by telephone.

  • If the Offshore Borrowers' Agent fails to specify a currency in a UK Offshore Loan Notice requesting a UK Offshore Borrowing, then the UK Offshore Loans so requested shall be made in Sterling.

  • If the Offshore Borrowers' Agent requests a UK Offshore Borrowing of or continuation of UK Offshore Loans in any such UK Offshore Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

  • The Company and each Offshore Borrower irrevocably appoints Clear Channel International Limited as Offshore Borrowers' Agent, to act as its agent in connection with the UK Offshore Loan and each UK Offshore Borrowing.


More Definitions of Offshore Borrowing

Offshore Borrowing means any Swing Line Advance borrowed by an Offshore Borrower and any Offshore Acquisition Borrowing.
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Related to Offshore Borrowing

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

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

  • 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.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Term Borrowing means a Borrowing comprised of Term Loans.