Borrower 5 definition

Borrower 5. Xxx Xxx, Inc. a Nevada corporation By: ____________________________________ Xxxxxx X. Xxxxxxxx, Chief Executive Officer LENDER:
Sample 1
Borrower 5. Xxx Xxx, Inc. a Nevada corporation
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Borrower 5. Xxx Xxx, Inc. a Nevada corporation By: ________________________________________ Xxxx X. Xxxxxxx, Chief Financial Officer Borrower Address for Notices: 00000 Xxxxx 00xx Xxx, Xxxxx 0, Xxxxxxxxxx, Xxxxxxx. 00000
Sample 1

Examples of Borrower 5 in a sentence

  • A "reportable event" (as defined in the Employee Retirement Income Security Act of 1974 as amended) occurs that would permit the Pension Benefit Guaranty Corporation to terminate any employee benefit plan of the Borrower or any affiliate of the Borrower; 5.

  • Except as otherwise previously disclosed to Lender, to the best of Borrower 5 and the Property Owner's knowledge, no hazardous wastes, hazardous substances, toxic chemicals and substances, oil and petroleum products and their by- products, radon, asbestos, pollutants or contaminants ("Hazardous Materials") have been used, located, installed, spilled, treated, released or stored on, under or from the Property in material violation of the Environmental Laws.

  • If the Borrower 5 CONTINUING OUR LETTER OF FEBRUARY 8, 1996 SHEET NO.

  • Representations, Warranties and Covenants of the Borrower 5 Section 2.03.

  • Mailed information is deemed to be received by the Borrower 5 days after mailing.

  • RupeeCircle proactively starts communicating with the Borrower 5 days prior to a repayment being due to ensure repayments are made on time.

  • Upon receipt of the Extension Notice and upon compliance with conditions set forth above, the Loan maturity date for the applicable Loan Note shall be extended for a one-year or two-year period, as applicable, on the terms and conditions contained in this Agreement and the other Loan Documents; provided however, that if Collateral Pool Borrower 5 and Collateral Pool Borrower 7 both elect to exercise any Extension under this Agreement, they shall each make the same election.

  • Please provide the names of all the borrowers on the home loan Borrower 1 full name Borrower 2 full name Borrower 3 full name Borrower 4 full name Borrower 5 full name Borrower 6 full name 1B.

  • Satisfactory opinion letters from legal counsel to the Borrower; 5.

  • The Guarantor further agrees that its obligations and liabilities for the prompt and punctual payment, performance and satisfaction or purchase of all of the Borrower's Indebtedness shall be on a "joint and several" basis with the Borrower to the same degree and extent as if the Guarantor had been and/or will be a co-borrower, co-principal obligor and/or co-maker of all of the Borrower 5 Indebtedness, but limited to the amount of the Borrower's Indebtedness guaranteed hereunder.


More Definitions of Borrower 5

Borrower 5. As defined in the Preamble hereto.
Sample 1

Related to Borrower 5

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Borrower as defined in the preamble hereto.

  • 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:

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Borrower Group has the meaning provided in Section 10(c) hereof.

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

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

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Canadian Borrower as defined in the preamble hereto.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

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

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Parent Borrower as defined in the preamble hereto.

  • Borrower Related Party As defined in Section 3.33 of this Agreement.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • 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.

  • Borrower Agent as defined in Section 4.4.

  • 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.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

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

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • means Borrower s forecasted consolidated and consolidating:

  • Loan Party means the Borrower and each Guarantor.

  • 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.