Standby Borrowing definition

Standby Borrowing means a Borrowing consisting of simultaneous Standby Loans from each of the Lenders.
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Standby Borrowing means a borrowing consisting of simultaneous Standby Loans from each of the Banks.
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Standby Borrowing means a borrowing consisting of simultaneous Standby Loans from each of the Lenders. “Standby Borrowing Request” shall mean a request made pursuant to Section 2.04 in the form of Exhibit A-5 hereto.
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Examples of Standby Borrowing in a sentence

  • No Fixed Rate Loan shall be requested or made pursuant to a Standby Borrowing Request.

  • If no election as to the currency of Borrowing is specified in any Standby Borrowing Request, then the applicable Borrower shall be deemed to have requested Borrowings in Dollars.

  • Thereafter, the applicable Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Standby Borrowing, may elect Interest Periods therefor, all as provided in this Section.

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  • Notwithstanding the foregoing, if the Dollar Equivalent of a Standby Borrowing would exceed the remaining available Total Revolving Credit Commitments, then such Standby Borrowing shall be reduced to the Alternative Currency Equivalent of available Total Revolving Credit Commitments.

  • Standby Borrowing FacilitiesUnrestricted access to the following credit facilities with a bank and an Authorised Deposit-taking Institution are held:2016Gross$000Current Borrowing$000Net Available$000Unsecured Overdraft11,100-11,100TOTAL STANDBY BORROWING FACILITIES11,100-11,1002015Gross$000Current Borrowing$000Net Available$000Unsecured Overdraft11,100-11,100TOTAL STANDBY BORROWING FACILITIES11,100-11,10024.

  • The Borrower may elect from time to time to convert its Borrowings to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Standby Borrowing and/or Eurocurrency Term Borrowing, as applicable, may elect Interest Periods therefor, all as provided in this Section.

  • Standby Borrowing FacilitiesUnrestricted access to the following credit facilities with a bank and an Authorised Deposit-taking Institution are held:2017Gross$000Current Borrowing$000Net Available$000Unsecured Overdraft11,100-11,100TOTAL STANDBY BORROWING FACILITIES11,100-11,1002016Gross$000Current Borrowing$000Net Available$000Unsecured Overdraft11,100-11,100TOTAL STANDBY BORROWING FACILITIES11,100-11,10024.

  • The Administrative Agent shall promptly advise the Lenders of any notice given pursuant to this Section 2.04 (and the contents thereof), of each Lender's portion of the requested Borrowing and, in the case of an Alternative Currency Borrowing, of the Dollar Equivalent of the Alternative Currency amount specified in the applicable Standby Borrowing Request and the Spot Exchange Rate utilized to determine such Dollar Equivalent.

  • If no election as to the Type of Standby Borrowing is specified in any such notice, then the requested Standby Borrowing shall be an ABR Borrowing.


More Definitions of Standby Borrowing

Standby Borrowing means Standby Loans of a single Type made, converted or continued on a single date and, in the case of Eurodollar Standby Loans, as to which a single Interest Period is in effect.
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Standby Borrowing means a Borrowing consisting of simultaneous Standby Loans from each of the Lenders. "Standby Borrowing Request" shall mean a request made pursuant to Section 2.04 in the form of Exhibit A-5. "Standby Loans" shall mean the revolving loans made pursuant to Section 2.04. Each Standby Loan shall be a Eurodollar Standby Loan or an ABR Loan. "subsidiary" shall mean, with respect to any person (the "parent"), any corporation, association or other business entity of which securities or other ownership interests representing more than 50% of the ordinary voting power are, at the time as of which any determination is being made, owned or controlled by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. "Subsidiary" shall mean a subsidiary of the Company. "Total Commitment" shall mean, at any time, the aggregate amount of Commitments of all the Lenders, as in effect at such time. "Type", when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, "Rate" shall include the LIBO Rate, the Alternate Base Rate and the Fixed Rate. "Voting Shares" shall mean, as to any corporation, outstanding shares of stock of any class of such corporation entitled to vote in the election of directors, excluding shares entitled so to vote only upon the happening of some contingency. "Withdrawal Liability" shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. SECTION 1.02.
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Standby Borrowing means a Standby Committed Currency Borrowing or a Standby Dollar Borrowing.
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Standby Borrowing means a borrowing consisting of simultaneous Standby Loans from each of the Lenders. “Standby Borrowing Request” shall mean a request made pursuant to Section 2.04 in the form of Exhibit A-5 hereto. “Standby Loan” shall mean a revolving loan made by a Lender pursuant to Section 2.04. Each Standby Loan shall be a
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Standby Borrowing a borrowing consisting of simultaneous Standby Loans from each of the Revolving Credit Lenders. Exhibit 10.1
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Related to Standby Borrowing

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

  • 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.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

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

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

  • 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.

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

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

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

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • 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).

  • 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.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.