Short-Term Borrowing definition

Short-Term Borrowing means borrowing by a government by way of Treasury Bills, bank-overdraft or other instrument to cover temporary cash shortfalls and is repayable within twelve months;

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Short-Term Borrowing means a borrowing lasting within one year from the drawdown date to the repayment date.

Short-Term Borrowing means all Indebtedness in respect of borrowed money maturing on demand or within one year from the date of the creation thereof and not directly or indirectly renewable or extendible, at the option of the debtor, by its terms or by the terms of any instrument or agreement relating thereto, to a date one year or more from the date of the creation thereof; provided, that Indebtedness in respect of borrowed money arising under a revolving credit or similar agreement which obligates the lender or lenders to extend credit over a period of one year or more shall constitute Funded Debt and not Short-Term Borrowing even though the same matures on demand or within one year from the date as of which such Short-Term Borrowing is to be determined.

Examples of Short-Term Borrowing in a sentence

• Interest shall be calculated monthly at the Short-Term Borrowing Rate, applied to the month-end balance of items (i) through (iv) in the preceding sentence.

• Parts I and II of SCHEDULE A hereto list each item of Short-Term Borrowing and Funded Debt to which the Company or any of its Restricted Subsidiaries is subject, and all such Short-Term Borrowing and Funded Debt is Indebtedness which the obligor is permitted to incur and to which it is permitted to be subject, without any breach of the Indenture, and Part III of SCHEDULE A lists all instruments providing for or governing Short-Term Borrowing or Funded Debt of the Company or any Restricted Subsidiary.

• Each Borrowing Request shall specify (A) the amount of such Borrowing, (B) the requested Funding Date (which shall be a Business Day), and (C) whether such Borrowing shall be a Short-Term Borrowing or a Long-Term Borrowing.

• The Company is not in default in respect of any such Short-Term Borrowing or Funded Debt or in respect of any instrument or agreement relating thereto and no instrument or agreement applicable to or binding on the Company contains any restrictions on the incurrence of additional Funded Debt by the Company, except the agreements relating to Short-Term Borrowing or Funded Debt referred to in items 2, 3 and 4 of Exhibit E, complete and correct copies of which have been delivered to your special counsel.

More Definitions of Short-Term Borrowing

Short-Term Borrowing means, with respect to any Person, all Indebtedness of such Person in respect of borrowed money maturing on demand or within one year from the date of the creation thereof and not directly or indirectly renewable or extendible, at the option of the debtor, by its terms or by the terms of any instrument or agreement relating thereto, to a date one year or more from the date of the creation thereof; PROVIDED that Indebtedness of such Person in respect of borrowed money arising under a revolving credit or similar agreement which obligates the lender or lenders to extend credit over a period of one year or more shall constitute Funded Debt and not a Short-Term Borrowing even though the same matures on demand or within one year from the date as of which such Short-Term Borrowing is to be determined.

Short-Term Borrowing means any and all indebtedness, obligations and liabilities of the Company, excluding trade accounts payable, taxes and other governmental assessments, which are payable on demand or within one year from the creation thereof, except any such indebtedness, obligations or liabilities which can be renewed or extended at the Company's sole option to a date more than one year from the creation thereof.

Short-Term Borrowing as applied to a Person, shall mean all Indebtedness of such Person in respect of borrowed money maturing on demand or within one year from the date of the determination thereof, excluding any such Indebtedness that shall also constitute Funded Debt.

Short-Term Borrowing means all Indebtedness in respect of borrowed money maturing on demand or within one year from the date of the creation thereof and not directly or indirectly renewable or extendible, at the option of the debtor, by its terms or by the terms of any instrument or agreement relating thereto, to a date one year or more from the date of the creation thereof; provided, that Indebtedness in respect of borrowed money arising under a re- volving credit or similar agreement which obligates the lender or lenders to extend credit over a period of one year or more shall constitute Funded Debt and not Short-Term Borrowing even though the same matures on demand or within one year from the date as of which such Short-Term Borrowing is to be deter- mined. "Significant Subsidiary" means a Subsidiary, including its Subsidiaries, which meets any of the following conditions: (a) the Company's and its other Subsidiaries' investments in and advances to the Subsidiary exceed 10 percent of the total assets of the Company and its Subsidiaries consolidated as of the end of any two of the three most re- cently completed fiscal years; or (b) the Company's and its other Subsidiaries' proportionate share of the total assets of the Subsidiary exceeds 10 percent of the total assets of the

Short-Term Borrowing a borrowing of Revolving Loans or Swingline Loans that the Borrower of such Loans has designated (or that is deemed to be so designated pursuant to Section 2.9(a)(ii)), in accordance with Section 2.5 or 2.9, as the case may be, as being repayable no later than the Short Term Borrowing Maturity Date.

Short-Term Borrowing means all Indebtedness in respect of borrowed money maturing on demand or within one year from the date of the creation thereof and not directly or indirectly renewable or extendible, at the option of the debtor, by its terms or by the terms of any instrument or agreement relating thereto, to a date one year or more from the date of the creation

Short-Term Borrowing each Borrowing designated as a Short-Term Borrowing by the Borrower in the applicable Borrowing Request.