Term Borrowing definition

Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

Term Borrowing means a Borrowing comprised of Term Loans.

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

Examples of Term Borrowing in a sentence

• The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility.

• For making transfers, as those transfers are authorized in the proceedings authorizing debt under the Short Term Borrowing Act, but transfers made under this paragraph (5) shall not exceed the principal amount of debt issued in anticipation of the receipt by the State of moneys to be deposited into the Fund.

• The balance of Short Term Borrowing relates to a number of loans from other local authorities for the Combined Authority / LEP.

• In the case of a Term Borrowing or Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice.

• The Short – Term Borrowing limit takes into account an assessment of any potential short-term financing the Council may need (e.g. bank overdraft, short-term funding in anticipation of grant receipts).

More Definitions of Term Borrowing

Term Borrowing means a Borrowing comprised of Term Loans or Incremental Term Loans.

Term Borrowing means any Term B Borrowing or any Incremental Term Borrowing.

Term Borrowing means a borrowing consisting of simultaneous Term Advances of the same Type made by the Term Lenders pursuant to Section 2.01(c).

Term Borrowing means a Term A Borrowing or Incremental Term Borrowing, if any, as the context may require.

Term Borrowing means a Borrowing of any Term Loans.

Term Borrowing means a Borrowing in respect of a Class of Term Loans.

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