Affiliated Borrowers definition

Affiliated Borrowers means, individually and collectively, TII Industries, Inc., a corporation organized under the laws of the State of Delaware; TII Corporation, a corporation organized under the laws of the State of Delaware; TII-Ditel, Inc., a corporation organized under the laws of the State of North Carolina; Crown Tool & Die Company, Inc., a corporation organized under the laws of the Commonwealth of Puerto Rico, and their respective successors and assigns.
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Affiliated Borrowers means such Affiliates of Borrowers who have incurred the Affiliated Obligations.
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Affiliated Borrowers means Living Center, LLC, a Georgia limited liability company, Kenmetal, LLC, a Georgia limited liability company, Senior NH, LLC, a Georgia limited liability company, BAN NH, LLC, a Georgia limited liability company, Oak Lake, LLC, a Georgia limited liability company, and ADK Bonterra/Parkview, LLC, a Georgia limited liability company.
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Examples of Affiliated Borrowers in a sentence

  • BTC shall only make loans to Affiliated Borrowers in accordance with such conditions and procedures, as they may be amended from time to time, and only so long as they remain applicable, and in accordance with the Securities Lending Guidelines.

  • The Company and BTC have obtained an exemptive order from the Securities and Exchange Commission that permits BTC to lend Securities on behalf of the Funds to Affiliated Borrowers, provided that such loans are made in accordance with the conditions and procedures outlined in the exemptive order.

  • BGI shall only make loans to Affiliated Borrowers in accordance with such conditions and procedures, as they may be amended from time to time, and only so long as they remain applicable, and in accordance with the Securities Lending Guidelines.

  • The Partnership performs a detailed analysis of the collectibility of its receivables considering the Affiliated Borrowers' future cash flows from operations and proceeds from the ultimate sale of the Affiliated Borrowers' assets as well as the independent appraisals obtained on these assets (to the extent available).

  • The Client and BTC have obtained an exemptive order from the Securities and Exchange Commission that permits BTC to lend Securities on behalf of the Funds to Affiliated Borrowers, provided that such loans are made in accordance with the conditions and procedures outlined in the exemptive order.

  • Future gross revenues and cash flow were substantially reduced as a result of loan modifications and defaults by certain Affiliated Borrowers.

  • On February 10, 1995, three of the Affiliated Borrowers entered into a transaction (the "NHP Transaction") with affiliates of NHP, Inc.

  • The purpose of the Partnership as stated in the Partnership Agreement is to make loans to the Affiliated Borrowers and to engage in activities incidental to such loans.

  • Capital Resources And Liquidity The Partnership's primary sources of liquidity are repayments of principal and interest from the NHP Transaction Partnerships, as defined below, and repayments of principal and interest from Affiliated Borrowers that have refinanced their mortgages.

  • The Partnership will not borrow funds for the purpose of making loans to the Affiliated Borrowers.


More Definitions of Affiliated Borrowers

Affiliated Borrowers means, collectively, the Affiliated PPM Borrowers and the Affiliated SMO Borrowers.
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Affiliated Borrowers means, individually and collectively, Ditel and Crown.
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Affiliated Borrowers means, individually and collectively, Industries, Corporation and DITEL.
Sample 1
Affiliated Borrowers has the meaning set forth in Section 5.8.
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Affiliated Borrowers means, collectively, the Affiliated Services Borrowers and the Affiliated SMO Borrowers.
Sample 1

Related to Affiliated Borrowers

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor (other than Holdings, the Borrower or any of their Subsidiaries and other than any Debt Fund Affiliate) or a Non-Debt Fund Affiliate.

  • Canadian Borrower as defined in the preamble hereto.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Borrower as defined in the preamble hereto.

  • Subsidiary Borrower means any Eligible Subsidiary that becomes a Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Subsidiary Borrower pursuant to such Section.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Parent Borrower as defined in the preamble hereto.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Affiliated Lender Cap has the meaning set forth in Section 10.07(l)(iii).

  • Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that:

  • German Borrower means (a) any Borrower that is a resident for tax purposes in Germany and (b) any Borrower in respect of which written notice is given to the Administrative Agent (by the Company) prior to that Borrower becoming a Borrower hereunder that such Borrower is resident in Germany for German tax purposes.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • means Borrower s forecasted consolidated and consolidating:

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.