Reborrowing definition

Reborrowing means, to the extent that any portion of the Loans has been repaid in connection with a repayment pursuant to Section 2.06, the reborrowing by the Borrower of all or a portion of such repaid amounts otherwise subject to and in accordance with the terms hereof.

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Reborrowing. The Facility A Revolving Loans and Facility B shall each be a revolving loan facility in which maturing loans can be concurrently repaid and re-borrowed until the Termination Date. Default Rate: During the continuance of any Event of Default (as defined below), the interest rate on the Revolving Loans and Inventory Financing will be * above the interest rate otherwise applicable thereto. Optional Prepayments on the Revolving Loans: Revolving Loans may be prepaid by the applicable Borrower subject to the payment of any costs or expenses (including but not limited to any loss in reinvesting funds) that the Lender may sustain or incur as a consequence of a prepayment by such Borrower prior to the end of an Interest Period or the scheduled maturity date thereof. Closing Conditions: The availability of the Facilities shall be conditioned upon the execution and delivery of satisfactory definitive financing documentation with respect to each Facility, including the Security Package in Brazil (collectively, the “Credit Documentation”).

Reborrowing which is prohibited by Section 2.1(a) of the Credit Note Loan Agreement or the Mortgage Note Loan Agreement, as applicable.

Examples of Reborrowing in a sentence

• On or prior to the date which is the sixtieth (60th) calendar day prior to the proposed Optional Revolving Date, the Borrower shall deliver written notice to the Agent stating (i) that the Borrower elects to make a payment in connection with an Optional Reborrowing and (ii) the proposed Revolving Amount.

• On or prior to the date which is the sixtieth (60th) calendar day prior to the proposed Optional Revolving Date, the Borrower Representative shall deliver written notice to the Agent stating (i) that the applicable Borrowers elect to make a payment in connection with an Optional Reborrowing and (ii) the proposed Revolving Amount.

• CREDIT LINE/FINANCE CHARGES/OTHER CHARGES 8 2.1. Credit Line 8 2.2. Product Advances 8 2.3. A/R Advances 9 2.4. Finance and Other Charges 10 2.5. Customer Account Statements 11 2.6. Shortfall 11 2.7. Application of Payments 11 2.8. Prepayment and Reborrowing By Customer 11 Section 3.

• Clauses 6.3 (Reborrowing), 7.3.2 (Voluntary prepayment of Loan) and 7.9 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 17.5 except that the minimum threshold in Clause 7.3.2 (Voluntary prepayment of Loan) shall not apply.

• This constitutes a Reborrowing Request pursuant to the terms of the above-referenced Master Agreement.

• Clauses 5.3 (Reborrowing), 6.2.3 (Voluntary prepayment of Loan) and 6.4 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 10.12 and the value of any additional security provided shall be determined as stated above.

• Clauses 5.3 (Reborrowing), 6.2 (Voluntary prepayment of Loan) and 6.5 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 10.14 and the value of any additional security provided shall be determined as stated above.

• Clauses 6.3 (Reborrowing), 7.3.3 (Voluntary prepayment of Loan) and 7.7 (Restrictions) shall apply, mutatis mutandis, to any prepayment made under this Clause 17.14 and the value of any additional security provided shall be determined by the Lender in its discretion.

• Application of Payments 13 2.11 Prepayment and Reborrowing By Customers.

• All documents, instruments and certificates required to be delivered pursuant to the conditions contained in Section 2.10 of the Master Agreement, including (i) the Reborrowing Documents, as well as (ii) a Compliance Certificate and (iii) an Organizational Certificate will be delivered on or before the Closing Date.

More Definitions of Reborrowing

Reborrowing. Except as set forth in Section 2.10, any amount of the Credit that becomes available for reborrowing before the first anniversary of this Agreement (or any extension of the borrowing period pursuant to Section 1.1 of this Agreement) because of payments or prepayments of the amount of the Credit outstanding may be reborrowed as a Variable-Rate Loan or a Fixed-Rate Loan or both, regardless of whether such payments or prepayments were made with respect to the Variable-Rate Note or the Fixed-Rate Notes.

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.

Reborrowing means the reborrowing of any CD Loan or Eurodollar Loan upon the expiration of the Interest Period with respect to each such Loan.

Reborrowing. Except as set forth in Section 2.10, any amount of the Credit that becomes available for reborrowing before the first anniversary of this Agreement (or any extension of the borrowing period pursuant to Section 1.1 of this Agreement) because of payments or prepayments of the amount of the Credit outstanding may be reborrowed as a Variable-Rate Loan or a Fixed-Rate Loan or both, regardless of whether such payments or prepayments were made with respect to the Variable-Rate Note or the Fixed-Rate Notes.