Permitted Borrowing definition

Permitted Borrowing means, without double counting, any:
Permitted Borrowing means loans obtained by Consolidated Companies from lenders other than the Bank from time to time not exceeding $8,000,000.00 in the aggregate at any time.
Permitted Borrowing means (i) the operating line of credit and purchase money security interests contemplated in Section 25.8(b)(vii) of the Project Agreement; and (ii) the TD Bank Special Purpose Loan;

Examples of Permitted Borrowing in a sentence

  • PSP Investments may pledge, charge or otherwise grant a security in assets or post margin as required to complete derivative transactions, to secure a Permitted Borrowing or guarantee, or to complete a Short Sale, in accordance with applicable law.

  • If the Contractor makes changes to the Senior Financing Agreements which have not been approved by the Authority for the purposes of Clause 7.3 they will be disregarded for the purposes of calculating termination sums unless they qualify as Additional Permitted Borrowing.

  • Subject to the terms and conditions set forth herein, each Lender agrees to make loans to the Borrower from time to time during the period from the Effective Date through the Business Day immediately preceding the Commitment Termination Date, provided that immediately after giving effect thereto, (i) the aggregate outstanding principal balance of such Lender’s Loans will not exceed its Commitment and (ii) Senior Debt shall not exceed the Maximum Permitted Borrowing.

  • After two minutes of penetration using the eggplant, Lepi left Mirna with the eggplant still in her vagina.Lepi was charged by the Public Prosecutor with Article 46 in conjunction with Article 8 letter a of the Elimination of Domestic Violence Law with an estimated prison term of one year and six months.

  • No amendment, waiver or exercise of a right under any Financing Agreement or Ancillary Document shall have the effect of increasing the Authority's liabilities on early termination of this Agreement unless: the Contractor has obtained the prior written consent of the Authority to such increased liability for the purposes of this clause 54.2; or it is a Permitted Borrowing.


More Definitions of Permitted Borrowing

Permitted Borrowing means an operating line of credit approved by the City as landlord in its Discretion, acting in good faith, under the Stadium Lease;
Permitted Borrowing means any Financial Indebtedness permitted under Clause 25.4 (Financial Indebtedness) of the Senior Facilities Agreement or upon its repayment in full and cancellation of all undrawn commitments thereunder such equivalent provision in the Relevant Facilities Agreement;
Permitted Borrowing means loans obtained by Consolidated Companies from lenders other than the Bank from time to time not exceeding
Permitted Borrowing means non-revolving Indebtedness for Money ------------------- Borrowed incurred by Weeks Corporation or Borrower (a) which is neither secured by a Lien on any Property Interest of Borrower or any Consolidated Entity nor subject to an agreement that it shall be secured, upon the lapse of time, the occurrence of any event, the failure to satisfy any condition, or otherwise, by a Lien on any Property Interest of Borrower or any Consolidated Entity, (b) which matures not less than one year after the date it shall have been made, (c) which, if evidenced by a security (within the meaning of applicable federal securities laws and state Blue Sky laws), is evidenced by a security issued in a private placement, public offering or otherwise made in compliance with all applicable federal securities laws and state Blue Sky laws, and (d) which has a payment seniority no higher than that of the Loan.
Permitted Borrowing means at any time after the Signature Date, any advance made to the Private Party under the Financing Agreements for the purpose(s) specified therein;
Permitted Borrowing means without double-counting, any: advance to Sub-hubco under the Senior Funding Agreements, provided that such advance is not made under any Committed Standby Facility; Additional Permitted Borrowing; advance to Sub-hubco under any Committed Standby Facility which is made solely for the purpose of funding any cost overruns, increased expenses or loss of revenue which Sub-hubco incurs, provided that such funds are not used in substitution for other sources of committed funding designated for those purposes; and interest and, in respect of the original Senior Funding Agreements only (as entered into at the date of this Agreement, prior to any subsequent amendment), other amounts accrued or payable under the terms of such original Senior Funding Agreements, except where the amount referred to in paragraphs (a) to (d) above is or is being used to fund a payment of Default Interest on any Additional Permitted Borrowing;
Permitted Borrowing means, without double counting, any; [advance to PPP Co. under the Senior Funding Agreements, provided that such advance is not made under any committed standby facility]; Additional Permitted Borrowing; and [advance to PPP Co. under the committed stand-by facility which is made solely for the purposes of funding any costs overruns, increased expenses or loss of revenue which PPP Co. incurs, provided that such funds are not used in substitution for other sources of committed funding designated for these purposes] 66 interest and, in respect of the Funding Agreements only (prior to any subsequent amendment), other amounts accrued or payable under the terms of the Senior Funding Agreements; except where the amount referred to in paragraphs (a) to (d) above is or is being used to fund a payment at a Default Interest Rate on any Additional Permitted Borrowing.