Term Credit Borrowing definition

Term Credit Borrowing means the borrowing consisting of simultaneous Term Credit Advances made by each of the Lenders pursuant to Section 2.01.
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Term Credit Borrowing means a Borrowing under the Term Credit Commitments.
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Term Credit Borrowing means Term Loans made on the same day by the Lenders ratably according to their respective Term Credit Commitments.
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Examples of Term Credit Borrowing in a sentence

  • If such Lender shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender's Term Credit Advance as part of such Term Credit Borrowing for purposes of this Agreement and the Borrower shall be relieved of its obligations to repay such amount under this Section 2.02(d).

  • Each Lender shall, before 12:00 noon (New York City Time) on the Effective Date, make available for the account of its Lending Office to the Administrative Agent at the Administrative Agent's Account, in same day funds, such Lender's ratable portion of the Term Credit Borrowing.

  • Notwithstanding any other provision of this Agreement, in no event shall any Bank be obligated to make an Intermediate Term Credit Loan if immediately thereafter the aggregate outstanding principal amount of all of such Bank's Intermediate Term Credit Loans would exceed the lesser of such Bank's then applicable Intermediate Term Credit Commitment or such Bank's Intermediate Term Credit Applicable Percentage of the Intermediate Term Credit Borrowing Base.

  • The failure of any Lender to make the Term Credit Advance to be made by it as part of the Term Credit Borrowing shall not relieve the other Lender of its obligation hereunder to make its Term Credit Advance on the Effective Date, but no Lender shall be responsible for the failure of the other Lender to make the Term Credit Advance to be made by such other Lender on the Effective Date.

  • Each Lender shall, before 12:00 noon (Puerto Rico Time) on the Effective Date, 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 Term Credit Borrowing.

  • If such Lender shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender's Term Credit Advance as part of the Term Credit Borrowing for purposes of this Agreement and the Borrower shall be relieved of its obligations to repay such amount under this Section 2.02(d).

  • Notwithstanding any other provision of this Agreement, in no event shall any Bank be obligated to make an Intermediate Term Credit Loan if immediately thereafter the aggregate outstanding principal amount of all of such Bankts Intermediate Term Credit Loans would exceed the lesser of such Bank's then applicable Intermediate Term Credit Commitment or such Bank's Intermediate Term Credit Applicable Percentage of the Intermediate Term Credit Borrowing Base.

  • Each Term Credit Borrowing shall be comprised entirely of Canadian Prime Loans, Base Rate Loans or LIBO Rate Loans as the Borrower may request in accordance herewith.

  • Each Lender shall, before 12:00 noon (Puerto Rico Time) on the Effective Date , 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 Term Credit Borrowing.

  • The Term Credit Borrowing shall be made on notice, given not later than 11:00 A.M. (New York City Time) on the third Business Day prior to the Effective Date by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier.