Mandatory Borrowings definition

Mandatory Borrowings shall have the meaning provided in Section 1.01(c).
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Mandatory Borrowings shall have the meaning provided in Section 2.3(c).
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Mandatory Borrowings means Mandatory US Borrowings and Mandatory Canadian Borrowings, as applicable.
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Examples of Mandatory Borrowings in a sentence

  • All Borrowings of Revolving Loans under this Agreement shall be incurred from the Lenders pro rata on the basis of their Revolving Loan Commitments, provided that all Mandatory Borrowings shall be incurred from the Lenders pro rata on the basis of their RL Percentages.

  • The aggregate principal amount of each Borrowing under a Facility shall be the Minimum Borrowing Amount for such Facility (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c)).

  • The aggregate principal amount of each Borrowing of Term Loans, Revolving Credit Loans or Swingline Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount with respect thereto (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(d)).

  • All Borrowings of Revolving Loans (including Mandatory Borrowings) under this Agreement shall be incurred from the Lenders pro rata on the basis of their Commitments.

  • If JPMCB resigns as Swingline Lender, it shall retain all the rights, powers, privileges and duties of the Swingline Lender hereunder with respect to all Swingline Loans outstanding as of the effective date of its resignation as Swingline Lender and all Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund Mandatory Borrowings pursuant to Section 2.03(c)).

  • All Borrowings of Revolving Loans under this Agreement shall be incurred from the Lenders pro rata on the basis of their Revolving Loan Commitments; provided, that, all Mandatory Borrowings shall be incurred from the Lenders pro rata on the basis of their RL Percentages.

  • All Borrowings of Initial Term Loans, Incremental Term Loans and Revolving Loans under this Agreement shall be incurred from the Lenders pro rata on the basis of their Initial Term Loan Commitments, applicable Incremental Term Loan Commitments or Revolving Loan Commitments, as the case may be, provided that all Mandatory Borrowings shall be incurred from the RL Lenders pro rata on the basis of their RL Percentages.

  • The aggregate principal amount of each Borrowing of Term Loans, Revolving Credit Loans or Swingline Loans shall be in a multiple of the Dollar Equivalent of $100,000 and shall not be less than the Minimum Borrowing Amount with respect thereto (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(d)).

  • The aggregate principal amount (or Face Amount, as applicable) of each Borrowing of Loans shall not be less than the respective Minimum Borrowing Amount for the respective Type and Tranche of Loans to be made or maintained pursuant to the respective Borrowing; provided that Mandatory Borrowings shall be made in the amounts required by Section 1.01(c).

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More Definitions of Mandatory Borrowings

Mandatory Borrowings. Failure by MediaBay to borrow and receive the proceeds of the Huntingdon October 2002 Debt (or permitted equity proceeds in lieu of such borrowings) in the required installments on or before the specified dates therefor as set forth in Section 6.2(c)(x) hereof or to execute and deliver to the Lender Parties and the Administrative Agent certified copies of the Huntingdon October 2002 Debt Documents promptly upon execution and delivery thereof and other documents as and when reasonably required by the Administrative Agent in connection therewith consistent with the provisions of this Agreement relating to Huntingdon October 2002 Debt; provided, that, notwithstanding the terms of Section 2.6(b) hereof, none of the proceeds of any of the Huntingdon October 2002 Debt or the Subordinated Unsecured Debt (or equity of MediaBay issued in lieu of such Debt) shall be required to be used to prepay the Obligations so long as no Default or Event of Default then exists.
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Mandatory Borrowings. Without prejudice to Borrower's right to terminate the Loan Agreement under Section 6.2, Borrower shall at all times have outstanding principal borrowings under the Loan Agreement at least equal to at least $750,000 (the "Mandatory Borrowings"). The failure to have such minimum principal borrowings outstanding shall not be deemed an Event of Default, so long as Borrower pays PFG that portion of the Minimum Interest Amount on a monthly basis that would have fallen due during such month had the Mandatory Borrowings been outstanding. The "Minimum Interest Amount" is an amount equal to $750,000, times Applicable Rate, times the number of days (based on a 360-day year) from the date of such failure to the Maturity Date.
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Related to Mandatory Borrowings

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Borrowings means, at any time, the aggregate outstanding principal, capital or nominal amount (and any fixed or minimum premium payable on prepayment or redemption) of any indebtedness of members of the Group for or in respect of:

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • New Revolving Loans as defined in Section 2.25.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

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

  • Refunded Swingline Loans as defined in Section 2.7(b).

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

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.