Ancillary Borrower definition

Ancillary Borrower means, with respect to an Ancillary Facility, any Borrower or any Group Member that shall have acceded as a Borrower to this Agreement and become a Borrower under the Ancillary Facility pursuant to Section 10.26.
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Ancillary Borrower has the meaning provided in Section 2.21(a)(ii)(F).
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Ancillary Borrower means any Borrower that is not a Principal Borrower.
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Examples of Ancillary Borrower in a sentence

  • Each Ancillary Borrower and each Ancillary Lender shall, promptly upon request by the Administrative Agent, supply the Administrative Agent with any information relating to the operation of an Ancillary Facility (including the Ancillary Outstandings) as the Administrative Agent may reasonably request from time to time.

  • Subject to compliance with clause (b)(ii) above, (x) the Lender concerned will become an Ancillary Lender and (y) the Ancillary Facility will be available, with effect from the date agreed by the Borrower Representative, the applicable Ancillary Borrower and the Ancillary Lender.

  • Each Ancillary Borrower and each Ancillary Lender shall, promptly upon the request of the Administrative Agent, provide the Administrative Agent with any information relating to the operation of such Ancillary Facility (including the amount of Ancillary Outstandings) as the Administrative Agent may from time to time reasonably request (which information shall be subject to compliance with Section 13.15).

  • Subject to the terms of this Agreement and the Ancillary Documents, an Ancillary Lender may make available an Ancillary Facility to the Foreign Borrower or an Ancillary Borrower in place of all or part of its Foreign Revolving Commitments.

  • The Company and each Ancillary Borrower consent to all such information being released to the Administrative Agent and the Lenders.

  • In any proceeding under the Bankruptcy Code or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law relating to any other Loan Party, each European Loan Party and each Ancillary Borrower agrees that the Secured Parties shall be entitled to receive Payment in Full in cash of all Guaranteed Obligations before such European Loan Party or such Ancillary Borrower, as applicable, receives payment of any Subordinated European Intercompany Obligations.

  • So long as no Event of Default shall have occurred and be continuing, such European Loan Party or such Ancillary Borrower, as applicable, may receive payments from any U.S. Loan Party on account of the Subordinated European Intercompany Obligations (provided that the making of such payments by the applicable obligor are not prohibited by the terms of this Agreement) and demand, accept or take any action to collect any payment on account of the Subordinated European Intercompany Obligations.

  • Subject to the terms of this Agreement and the Ancillary Documents, an Ancillary Lender may make available an Ancillary Facility to the European Borrower or an Ancillary Borrower in place of all or part of its European Revolving Commitments.

  • The parties agree, notwithstanding anything herein to the contrary, that each Closing Date Ancillary Facility shall be an Ancillary Facility, each borrower thereunder shall be an Ancillary Borrower and each lender thereunder shall be an Ancillary Lender, in each case for all purposes hereunder, for so long as the applicable Ancillary Facility is outstanding.

  • The parties agree, notwithstanding anything herein to the contrary, that on the Closing Date, each Closing Date Ancillary Facility shall be an Ancillary Facility, each borrower thereunder shall be an Ancillary Borrower and each lender thereunder shall be an Ancillary Lender, in each case for all purposes hereunder.


More Definitions of Ancillary Borrower

Ancillary Borrower has the meaning assigned to such term in Section 2.33(a).
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Ancillary Borrower means, with respect to an Ancillary Facility, any Borrower or any Group Member that shall have acceded as aBorrower to this Agreement and become a Borrower under the Ancillary Facility pursuant to Section 10.26.
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Ancillary Borrower means, a Borrower or any other Subsidiary of the Applicable Memec Parent which is designated for such purposes pursuant to Section 2.19.
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Related to Ancillary Borrower

  • Subsidiary Borrowers 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.

  • Foreign Borrower means any Borrower that is a Foreign Subsidiary.

  • Ancillary Lender means each Lender (or Affiliate of a Lender) which makes available an Ancillary Facility in accordance with Clause 7 (Ancillary Facilities).

  • Foreign Borrowers means, as of any date of determination and individually or collectively (as the context may require), any Borrower not incorporated, formed or organized within the United States, and listed on Schedule A-2 attached hereto.

  • Canadian Borrower as defined in the preamble hereto.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • Dutch Borrower means any Borrower that is organized under the laws of the Netherlands.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

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

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

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

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

  • Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • 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.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

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

  • Foreign Subsidiary Borrower means each Borrower that is a Foreign Subsidiary.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • 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.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 14.11).