Examples of Supplemental Borrowing in a sentence
Administrative Agent, on behalf of itself and all other Lenders, shall have a security interest in the Supplemental Borrowing Account to secure the Outstanding Obligations under this Agreement.
Each Notice of Warehouse Borrowing and each Supplemental Borrowing Request shall contain a statement as to the Rolling 60-Day Other Warehouse Facility Aggregate Total Outstandings and the Rolling 60-Day Aggregate Total Outstandings, in each case as of the last day of the immediately preceding calendar month.
Promptly following Lender's receipt from Servicer of a Servicer's Certificate delivered pursuant to Section 2.09 of the Servicing Agreement and Section 6.19 hereof, Lender shall provide Borrower with notice of Lender's most recent determination of (i) the Net Securitization Proceeds Percentage and (ii) the Supplemental Borrowing Base.
Borrower shall establish a Supplemental Borrowing Account with Administrative Agent, and Borrower shall deposit into said account such funds (if any) as may required so that the Availability Limit shall at all times equal or exceed the total Outstanding Obligations under this Agreement.
Supplemental Borrowing Authority- In order to maintain sufficient liquidity for activities authorized under section 106(a)(2), the Administration may issue notes, debentures, bonds, or other obligations for purchase by the Secretary of the Treasury.
All Contracts included in the Supplemental Borrowing Base are Class 1 Eligible Contracts.
The Balance Deficiency Fee and the Supplemental Borrowing Fee ------------------- shall be calculated on the basis of a 360 day year for the number of days elapsed or to elapse, as the case may be, in the relevant Discount Loan Interest Period.
The Total Warehouse Outstandings shall not exceed the Borrowing Base and the Total Supplemental Outstandings shall not exceed the Supplemental Borrowing Base (in each case, after giving effect to such Loan, in the case of a Warehouse Loan, after giving effect to the new Contracts being pledged to Lender under the Security Agreement on such date).
Each Lender shall, before 12:00 noon (or such other time agreed upon by the Borrower and the Administrative Agent) on the date of the applicable Borrowing (or, in the case of any Supplemental Borrowing, as promptly as practical following receipt of the Notice of a Non-Funding Lender), make available for the account of its Applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing.
Promptly after obtaining knowledge thereof, the Administrative Agent shall advise the applicable Borrower and each Lender of any Lender having become a Non-Funding Lender and shall advise each Lender of the amount of such Lender’s Supplemental Loan to be made under Section 2.01(c) as part of the Supplemental Borrowing.