Additional Borrower definition

Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

Additional Borrower means a member of the Group which becomes a Borrower after the date of this Agreement.

Additional Borrower means any Additional Credit Party that incurs or issues Additional Indebtedness under any Additional Credit Facility, together with its successors and assigns.

Examples of Additional Borrower in a sentence

• Accordingly, each Borrower and each Additional Borrower irrevocably agrees with each Bank and the Administrative Agent and their respective successors and assigns that such Borrower and such Additional Borrower will make prompt payment in full when due (whether at stated maturity, by acceleration, by optional prepayment or otherwise) of the Obligations, strictly in accordance with the terms thereof.

• Upon delivery of the above-mentioned documents, such Subsidiary shall for all purposes of this Agreement be an Additional Borrower and a party to this Agreement.

• The applicable Borrower or applicable Additional Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Banks holding the Loans of the applicable Class comprising such Borrowing, and the Loans of the applicable Class comprising each such portion shall be considered a separate Borrowing.

• Upon payment by any Borrower or any Additional Borrower of any sums as provided under paragraph (a) above, all rights, if any, of any other Borrower or other Additional Borrower against such Borrower or such Additional Borrower arising as a result thereof by way of subrogation or otherwise shall in all respects be irrevocably waived prior to the indefeasible payment in full in cash of all of the Obligations.

• Promptly following receipt of any Additional Borrower Agreement, the Administrative Agent shall send a copy thereof to each Bank.

More Definitions of Additional Borrower

Additional Borrower has the meaning specified in Section 2.14(a).

Additional Borrower as defined in Section 11.19.

Additional Borrower means any member of the Restricted Group which becomes an additional borrower pursuant to Clause 26.6 (Additional Borrowers) and which has not been released as a borrower in accordance with Clause 26.7 (Removal of Borrowers).

Additional Borrower means any Additional Credit Party that incurs or issues Additional Indebtedness, under any Additional Credit Facility, together with its successors and assigns.

Additional Borrower shall have the meaning provided in Section 1.14.

Additional Borrower means any Wholly Owned Restricted Subsidiary incorporated under the laws of the United States, any state thereof or the District of Columbia that becomes a Borrower after the Closing Date pursuant to Section 2.23.

Additional Borrower means any Person who shall from time to time become a party to this Agreement as a “Borrower” hereunder upon the execution and delivery of an Additional Borrower Agreement.