Roll-Over Borrowing definition

Roll-Over Borrowing means a Loan to a Borrower which, after giving effect to such Loan and the application of the proceeds thereof, does not increase the aggregate amount of outstanding Loans to such Borrower. Roll-over Borrowings do not constitute either new borrowings or disbursements by the Banks of additional monies, the term "Roll-Over Borrowing" being used merely for convenience of definition and to denote changes in interest rates.
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Roll-Over Borrowing means a Borrowing of Loans or Term Loans on any Interim Maturity date wherein the aggregate principal amount of the Loans or Term Loans being incurred equals or is less than the aggregate principal amount of the Loans or Term Loans maturing on the date of such Borrowing.
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Roll-Over Borrowing means a Borrowing wherein the aggregate ------------------- principal amount of the Interim Syndicate Loans being incurred equals or is less than the aggregate principal amount of the Interim Syndicate Loans maturing on the date of such Borrowing.
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Examples of Roll-Over Borrowing in a sentence

  • The right of any Borrower to make any Roll-Over Borrowing hereunder and the obligation of each Bank to make any Roll-Over Borrowing hereunder shall be subject to the condition that the Loan Obligations of such Borrower shall not have been accelerated.

  • In the event such Borrower does not have a Roll-Over Borrowing of a Eurodollar Rate Loan with an interest period of approximately one month, then such Interest Borrowing shall be made as a Prime Rate Loan.

  • Any Interest Borrowing made hereunder shall be made on the Monthly Borrowing Date corresponding to the date such interest is due and if such Borrower has a Roll-Over Borrowing of a Eurodollar Rate Loan with an interest period of approximately one month, such Borrowing shall be applied to increase the principal amount of such Loan.

  • Any Interest Borrowing made hereunder shall be made on the Monthly Borrowing Date corresponding to the date such interest or fees are due and if such Borrower has a Roll-Over Borrowing of a Eurodollar Rate Loan with an interest period of approximately one month, such Borrowing shall be applied to increase the principal amount of such Loan.

  • Notwithstanding anything in this Agreement to the contrary, it is understood that Roll-Over Borrowings do not constitute either new borrowings or disbursements by the Banks of additional monies, the term "Roll-Over Borrowing" being used merely for convenience of definition and to denote changes in interest rates.

  • At the time of the making of each Loan and after giving effect thereto, all representations and warranties (except, in the case of a Roll-Over Borrowing, the representations and warranties contained in Section 8.04 and the last sentence of Section 8.05 hereof) contained herein or otherwise made in writing in connection herewith shall be true and correct with the same force and effect as though such representations and warranties had been made on and as of such time.

  • A Prime Rate Loan shall have no Interest Period but may (subject to the other terms and conditions hereof), on any Monthly Borrowing Date and upon the delivery by the applicable Borrower to the Managing Agent of a Rate Selection Notice be converted to a Eurodollar Rate Loan as a Roll-Over Borrowing.

  • Special meetings of stockholders of the Corporation may be called only by the Chairman of the Board, the President or by the Board of Directors or at the request in writing of stockholders owning at least fifty percent (50%) in amount of the entire capital stock of the Corporation issued and outstanding and entitled to vote.


More Definitions of Roll-Over Borrowing

Roll-Over Borrowing being used merely for convenience of definition and to denote changes in interest rates.
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Roll-Over Borrowing means a Loan to a Borrower which, after giving effect to such Loan and the application of the
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Related to Roll-Over Borrowing

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

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • 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.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.