Refunding Borrowing definition

Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

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Refunding Borrowing a borrowing of Revolving Credit Loans which, after application of the proceeds thereof, results in no net increase in the aggregate outstanding principal amount of Revolving Credit Loans made by any Lender.

Refunding Borrowing means a Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Loans made by any Lender.

Examples of Refunding Borrowing in a sentence

• In the case of a Refunding Borrowing, no Event of Default shall have occurred and be continuing on the date of such Loan after giving effect to the Loans to be made on such date and in the case of any other Loan no Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Loan to be made on such Borrowing Date.

• No more than three Working Capital Borrowings (other than any Reimbursement Refunding Borrowing) shall be made within any week beginning on Monday of such week and ending on the last Business Day of such week.

• The Administrative Agent shall have received a certificate, dated the Refunding Borrowing Date and signed by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section 5.3.

• Nothing in this Section 2.1(c) shall be deemed to limit any Bank’s obligation to (A) reimburse any Letter of Credit Issuer with respect to such Bank’s participation in Letters of Credit issued by such Letter of Credit Issuer as provided in Section 2.1(b), or (B) fund any Refunding Borrowing provided that Borrower is in compliance with Section 4.5 of this Agreement.

• Each Working Capital Borrowing (other than any Reimbursement Refunding Borrowing) shall be in an aggregate amount of $100,000 or an integral multiple of $10,000 in excess thereof.

More Definitions of Refunding Borrowing

Refunding Borrowing means a Borrowing made solely for the purpose of refinancing a Eurodollar Tranche on the expiration of the Interest Period applicable thereto or for the purpose of converting all or any part of an Adjusted Base Rate Tranche to a Eurodollar Tranche, in each case in the manner contemplated by Section 2.6(c) and which does not result in any increase in the outstanding principal balance of the Loan. Refunding Borrowings may be Adjusted Base Rate Borrowings or Eurodollar Borrowings.

Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank to any Borrower.

Refunding Borrowing means a Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

Refunding Borrowing is defined in Section 3.C(d) hereof.

Refunding Borrowing is defined in Section 1.4(a) hereof.

Refunding Borrowing is defined in Section 2.2(d) hereof.

Refunding Borrowing shall have the meaning set forth in Section 4.2 below.