Relevant Borrowings definition

Relevant Borrowings means borrowed money employed in the purchase, improvement or repair of a premises or a part of a premises which, at a time interest accrues on the borrowings, is a residential premises let under a qualifying lease;
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Relevant Borrowings means any Indebtedness of the Issuer and/or the UAC’s in the form of, or represented by, bonds, notes, debentures or other debt securities which are unlisted or which are or are to be quoted, listed or ordinarily dealt in or traded on any stock exchange, over-the-counter or other securities market (whether or not initially distributed by way of private placement), but excluding any such indebtedness which upon the issuance thereof had a stated maturity not exceeding one year and any option or warrant in respect of any share or index.
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Relevant Borrowings means all amounts outstanding under the Lloyds Facilities;
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Examples of Relevant Borrowings in a sentence

  • Limitation on LiensThe Issuer will not, and will not permit any member of the BAE Systems Group (as defined below) to, create or permit to exist any Lien (as defined below) upon any of its or their present or future assets or revenues to secure any of its present or future Relevant Borrowings (as defined below) without making effective provision whereby all of the Securities shall be directly secured equally and ratably with such Relevant Borrowings.

  • This double assignment to goals and consideration levels is designed to ensure easy manageability.

  • On 25 and 26 November 2019, the Company successfully negotiated with the relevant banks in relation to the Relevant Borrowings and obtained written agreements to revise the financial covenant ratio requirement for the period ended 30 June 2019 and for the year ending 31 December 2019 and to waive their rights arising from the non-compliance under the original clauses (the “Waivers”).

  • In addition, based on the communications with the banks related to the bank borrowings with cross-default clauses and email confirmations obtained, the directors considered that the banks will not exercise their rights under the relevant cross-default clauses given the Group has successfully obtained waivers and revision of the restrictive undertaking of the Relevant Borrowings as mentioned above.

  • In respect to the covenant requirements of the Relevant Borrowings, the Group is required to report to the banks semi-annually.

  • On 25 and 26 November 2019, the Group successfully negotiated with the relevant banks in relation to the Relevant Borrowings and obtained written agreements to revise therestrictive undertaking of interest coverage ratio for the periods ended 30 June 2019 and 31 December 2019 and to waive their rights arising from the non-compliance under the original clauses of the loan agreements.

  • The Group has complied with restrictive undertaking of interest coverage ratio of the Relevant Borrowings of approximately RMB2,426,049,000 for the year ended 31 December 2019 under the revised terms of the loan agreements.

  • In June 2021, the Group obtained written consents from Relevant Banks on waiving their rights to request immediate repayment arising from the aforementioned non-compliance of financial covenants and therefore, the Relevant Borrowings will only be due for repayment in accordance with the original repayment terms.

  • For details on the shareholder loan from CWA, please refer the section headed ‘‘Relationship with CWA — Independence from the Remaining CWA Group — Financial Independence — Settlement of amount due to and due from the Remaining CWA Group — The Relevant Borrowings and Shareholder Loan.’’ The shareholder loan from CWA will subsist after [REDACTED] and constitute financial assistance by CWA to our Group.

  • It also includes our achievements for the previous year as well as further information about the role and structure of the partnership.


More Definitions of Relevant Borrowings

Relevant Borrowings means any indebtedness for borrowed money of any member of the BAE Systems Group in the form of, or represented by, bonds, notes, debentures or other securities which are or are to be
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Relevant Borrowings means any indebtedness for borrowed money of any member of the BAE Group in the form of, or represented by, bonds, notes, debentures or other securities which are or are to be quoted, listed or ordinarily dealt in or traded on any stock exchange, over-the-counter or other securities market (whether or not initially distributed by way of private placement), but excluding any such indebtedness which upon the issuance thereof had a stated maturity not exceeding one year; and
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Relevant Borrowings means Financial Indebtedness incurred or owing by any one or more of the Relevant Companies, other than (a) under this Agreement or (b) a Project Finance Borrowing.
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Relevant Borrowings has the meaning given to that term in Clause 24.19 (Financial Indebtedness).
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Related to Relevant Borrowings

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Total Borrowings means, in respect of the Corporation on a consolidated basis, as of a given date, the aggregate of the following, without duplication:

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • Borrowings means the plural thereof.

  • 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.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.