Examples of Refinancing Borrowing in a sentence
Administrative Agent and each Bank hereby waive the requirements of Section 3.2(a) and Section 7.2(a) with respect to the Refinancing Borrowing to the extent, but only to the extent, such Sections require the delivery of a Request for Borrowing as a condition precedent to the obligation of each Bank to loan its Commitment Percentage of each Borrowing.
Each Borrowing of Prime Rate Loans (other than an L/C Refinancing Borrowing) shall be in an amount not less than $25,000 or any larger amount that is an integral multiple of $25,000.
At the time of the making of each Loan and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties contained herein or in the other Credit Documents (other than, in the case of a CP Refinancing Borrowing, in Section 6.04 and the last sentence of Section 6.09) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Loan.
Parent, Borrower, Administrative Agent and each Bank acknowledge that all the proceeds of the initial Borrowing to be made on the Closing Date are to be applied to refinance in full all Obligations outstanding under and as defined in the Existing Credit Agreement (the "Refinancing Borrowing").
Each Borrowing of Prime Rate Loans (other than an L/C Refinancing Borrowing) shall be in an amount not less than $500,000 or any larger amount that is an integral multiple of $100,000.
At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties contained herein or in the other Credit Documents (other than, in the case of a CP Refinancing Borrowing, in Section 6.04 and the last sentence of Section 6.09) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event.
This type of evidence is stronger when governmental agencies or arms of law enforcement have conducted the investigations or pursued the lawsuits.”74Again, Gilead is instructive.
After paying an Acceptance or a draw under a Letter of Credit the Reimbursement Obligation with respect to which is to be paid with a Refinancing Borrowing, the Agent shall notify each Bank, by 1:00 p.m. (Miami time) on the Business Day on which payment of the Acceptance or draw is made, by telefax or by telephone confirmed by telefax, of such Banks' Proportionate Share of the resulting Reimbursement Obligation.
Each Borrower, each Agent and each Bank acknowledge and agree that Borrowers have requested a Borrowing to be made on the Closing Date in the aggregate amount of $190,167,569.72 (all of which will constitute an Adjusted Base Rate Borrowing), all the proceeds of which are to be applied to pay certain fees and expenses of Agents and Banks and to refinance in full all Obligations outstanding under and as defined in the Existing Credit Agreements (the "Refinancing Borrowing").
These policies should address the following elements: (A) The maintenance of 24- hour telephone coverage (not a recording) either onsite or through call sharing or an answering service, adequate to Triage urgent care and emergency calls from PACE Participants.