REBORROWED definition
REBORROWED and "REBORROWING" each refers to a borrowing pursuant to which Committed Advances are reborrowed as Competitive Bid Advances or Competitive Bid Advances are reborrowed as Committed Advances, in each case for a principal amount not more than the principal amount of the Advances outstanding at the time of such reborrowing.
Examples of REBORROWED in a sentence
AMOUNTS REPAID WITH RESPECT TO THE TERM LOANS MAY NOT BE REBORROWED.
SUBJECT TO THE TERMS AND CONDITIONS OF THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, SECTION 3.7, BORROWER MAY FROM TIME TO TIME REPAY ALL OR PORTION OF THE AMOUNTS OUTSTANDING UNDER THE ACQUISITION LOAN (TOGETHER WITH ACCRUED INTEREST TO THE DATE OF REPAYMENT ON THE PRINCIPAL AMOUNT SO REPAID) PROVIDED, HOWEVER, THAT ANY SUCH AMOUNTS REPAID CANNOT BE REBORROWED.
ONCE REPAID, THE TERM LOANS INCURRED HEREUNDER MAY NOT BE REBORROWED.
SUBJECT TO THE TERMS AND CONDITIONS OF THIS AGREEMENT, AMOUNTS BORROWED PURSUANT TO THIS SECTION 2.1 MAY BE REPAID AND REBORROWED AT ANY TIME DURING THE TERM OF THIS AGREEMENT.