Common use of Types of Borrowing Clause in Contracts

Types of Borrowing. The term "Borrowing" denotes (i) the aggregation of Loans of one or more Lenders made or to be made to the Borrower on the same day, all of which Loans are of the same type (subject to Article 8) and, except in the case of Prime Rate Loans, have the same initial Interest Period and (ii) if the context so requires, the borrowing of such Loans. Borrowings are classified for purposes of this Agreement (i) by reference to the Class of Loans comprising such Borrowing (e.g., a "Revolving Borrowing" is a Borrowing comprised of Revolving Loans) or (ii) by reference to the pricing of the Loans comprising such Borrowing (e.g., a "Libor Borrowing" is a Borrowing comprised of Libor Loans).

Types of Borrowing. The term "Borrowing" denotes (i) the aggregation of Loans of one or more Lenders Banks made or to be made to the Borrower on the same day, all of which Loans are of the same type (subject to Article 8) and, except in the case of Prime Base Rate Loans, have the same initial Interest Period and (ii) if the context so requires, the borrowing of such Loans. Borrowings are classified for purposes of this Agreement (i) by reference to the Class of Loans comprising such Borrowing (e.g., a "Revolving Borrowing" is a Borrowing comprised of Revolving Loans) or (ii) by reference to the pricing of the Loans comprising such Borrowing (e.g., a "Libor Euro-Dollar Borrowing" is a Borrowing comprised of Libor Euro-Dollar Loans).