Third Party Borrowing definition
Third Party Borrowing means any Indebtedness of any Borrower Group Company owed to any party which is not a Group Company.
Third Party Borrowing means a Utilisation made in accordance with the provisions of Clause 3.1 (Purpose) and Clause 4.1(b)(ii).
Third Party Borrowing means short and long term borrowing of any of the Target Companies from banks or other lenders (but not including finance leases requiring payments of up to $2,000,000 per annum or the Intra-Group Debt).
Examples of Third Party Borrowing in a sentence
For the purpose of calculating the financial covenants under this clause 18, the Borrower may procure any Inter-Group Borrowing or any Third Party Borrowing be deemed and treated as Subordinated Indebtedness pursuant to a Group Subordination Deed or, as the case may be, a Third Party Subordination Deed.
Interest paid on equity shall be calculated using the same rates as those calculated for Third Party Borrowing.
The DBOM Contractor shall finance and pay for any Capital Modification for which it is financially responsible under this Article without reimbursement from or other claim upon the BWS, subject to the limitations set forth in subsection 14.1(D) (Third Party Borrowing or Financing).