Borrowing Date definition: Copy, customize, and use instantly
Introduction
The term "Borrowing Date" refers to the specific date on which a borrower receives loan proceeds under a financing arrangement. It is essential for determining interest accrual, repayment schedules, and compliance with loan agreements.
Below are various examples of how "Borrowing Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Borrowing Date" as the date of loan disbursement
This definition ties "Borrowing Date" to the date on which funds are made available to the borrower.
"Borrowing Date" means the date on which the lender disburses the loan proceeds to the borrower pursuant to the terms of the loan agreement.
Definition of "Borrowing Date" as the effective date of a borrowing request
This definition connects "Borrowing Date" to the date specified in a borrower’s request for funds.
"Borrowing Date" refers to the date indicated in a borrowing notice submitted by the borrower and accepted by the lender.
Definition of "Borrowing Date" as the first drawdown date
This definition links "Borrowing Date" to the date of the initial disbursement under a loan facility.
"Borrowing Date" means the date on which the first advance of funds is made under the loan agreement.
Definition of "Borrowing Date" as a scheduled disbursement date
This definition applies "Borrowing Date" to a predefined schedule in the loan terms.
"Borrowing Date" refers to any date specified in the loan schedule for the release of funds to the borrower.
Definition of "Borrowing Date" as the date of lender's approval
This definition ties "Borrowing Date" to the date when the lender formally approves the loan disbursement.
"Borrowing Date" means the date on which the lender confirms and authorizes the release of loan proceeds.
Definition of "Borrowing Date" as the date funds are credited
This definition connects "Borrowing Date" to the actual crediting of funds to the borrower’s account.
"Borrowing Date" refers to the date on which the loan amount is deposited into the borrower’s designated account.
Definition of "Borrowing Date" as the date of an advance under a credit facility
This definition links "Borrowing Date" to the issuance of advances under a revolving credit facility.
"Borrowing Date" means any date on which an advance is made under the applicable credit facility.
Definition of "Borrowing Date" as the date set forth in a loan confirmation
This definition applies "Borrowing Date" to the confirmation document issued by the lender.
"Borrowing Date" refers to the date specified in the lender’s loan confirmation as the effective date of disbursement.
Definition of "Borrowing Date" as the commencement date of interest accrual
This definition ties "Borrowing Date" to the start of interest calculations.
"Borrowing Date" means the date on which interest begins accruing on the loan amount disbursed to the borrower.
Definition of "Borrowing Date" as the date meeting all funding conditions
This definition connects "Borrowing Date" to the satisfaction of conditions precedent to funding.
"Borrowing Date" refers to the date on which all conditions to funding set forth in the loan agreement have been met.
Definition of "Borrowing Date" as a date within the availability period
This definition links "Borrowing Date" to the timeframe in which funds can be drawn.
"Borrowing Date" means any date within the loan availability period on which a borrowing occurs.
Definition of "Borrowing Date" as the date agreed upon in a financing arrangement
This definition applies "Borrowing Date" to a mutually agreed date in the financing documentation.
"Borrowing Date" refers to the date designated in writing by both parties as the official date of borrowing.
Definition of "Borrowing Date" as the final disbursement date
This definition ties "Borrowing Date" to the last possible date of loan disbursement.
"Borrowing Date" means the last date on which loan proceeds may be disbursed under the agreement.
Definition of "Borrowing Date" as the date specified in a funding notice
This definition connects "Borrowing Date" to the lender’s notice regarding disbursement.
"Borrowing Date" refers to the date indicated in the funding notice issued by the lender.
Definition of "Borrowing Date" as the effective date of a loan agreement
This definition links "Borrowing Date" to the start date of the contract.
"Borrowing Date" means the date the loan agreement becomes effective and funds are made available.
Definition of "Borrowing Date" as a predetermined tranche release date
This definition applies "Borrowing Date" to scheduled tranche-based funding.
"Borrowing Date" refers to a scheduled date on which a loan tranche is released to the borrower.
Definition of "Borrowing Date" as the business day following approval
This definition ties "Borrowing Date" to the first business day after loan approval.
"Borrowing Date" means the first business day following lender approval on which funds are disbursed.
Definition of "Borrowing Date" as a date subject to cut-off times
This definition connects "Borrowing Date" to banking operational hours.
"Borrowing Date" refers to the date on which funds are disbursed, subject to applicable banking cut-off times.
Definition of "Borrowing Date" as a day within a specified borrowing period
This definition links "Borrowing Date" to a contractual borrowing window.
"Borrowing Date" means any date within the agreed borrowing period specified in the loan agreement.
Definition of "Borrowing Date" as the first date funds are available for use
This definition applies "Borrowing Date" to the practical availability of funds.
"Borrowing Date" refers to the date the borrower can first access and utilize the disbursed funds.
Definition of "Borrowing Date" as a date set by mutual consent
This definition ties "Borrowing Date" to an agreed-upon disbursement date.
"Borrowing Date" means the date determined jointly by the borrower and lender for loan disbursement.
Definition of "Borrowing Date" as the settlement date for loan proceeds
This definition connects "Borrowing Date" to the financial settlement process.
"Borrowing Date" refers to the settlement date on which the loan proceeds are transferred to the borrower.
Definition of "Borrowing Date" as the drawdown date specified in a promissory note
This definition links "Borrowing Date" to a drawdown provision in a note.
"Borrowing Date" means the date identified in the promissory note as the drawdown date.
Definition of "Borrowing Date" as the release date for escrowed funds
This definition applies "Borrowing Date" to loan funds held in escrow.
"Borrowing Date" refers to the date on which escrowed loan proceeds are released to the borrower.
Definition of "Borrowing Date" as the date a term loan is funded
This definition ties "Borrowing Date" to the funding of a term loan.
"Borrowing Date" means the date on which the term loan amount is disbursed to the borrower.
Definition of "Borrowing Date" as a date subject to lender’s discretion
This definition connects "Borrowing Date" to lender-controlled timing.
"Borrowing Date" refers to the date on which the lender elects to release funds to the borrower.
Definition of "Borrowing Date" as the date prior to a repayment obligation
This definition links "Borrowing Date" to repayment timelines.
"Borrowing Date" means the date preceding the first required loan repayment under the loan agreement.
Definition of "Borrowing Date" as a date conditioned on borrower compliance
This definition applies "Borrowing Date" to compliance with borrower obligations.
"Borrowing Date" refers to the date on which all borrower obligations under the agreement have been satisfied, allowing disbursement.
Definition of "Borrowing Date" as the date a floating interest rate is fixed
This definition ties "Borrowing Date" to rate determination.
"Borrowing Date" means the date on which the applicable floating interest rate is determined for the borrowing.
Definition of "Borrowing Date" as the date of an interbank transfer
This definition connects "Borrowing Date" to interbank loan transactions.
"Borrowing Date" refers to the date on which the loan proceeds are transferred between financial institutions on behalf of the borrower.
Definition of "Borrowing Date" as the date of a refinancing event
This definition links "Borrowing Date" to a refinancing transaction.
"Borrowing Date" means the date on which existing loan obligations are refinanced with new borrowing.
Definition of "Borrowing Date" as a date subject to regulatory clearance
This definition applies "Borrowing Date" to regulatory approvals.
"Borrowing Date" refers to the date on which regulatory approvals necessary for disbursement are obtained.
Definition of "Borrowing Date" as the commencement date for a revolving credit facility
This definition ties "Borrowing Date" to the operational start of a credit line.
"Borrowing Date" means the date on which the borrower first draws funds under a revolving credit facility.
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