Borrower Release definition

Borrower Release means the release of any Collateral from the Lien of the applicable Collateral Document at the direction of the Borrower pursuant to Section 6.09(c).
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Borrower Release has the meaning set forth in Section 11.4(F).
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Borrower Release shall have the meaning provided in Section 13.22.
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Examples of Borrower Release in a sentence

  • To assess the effectiveness and cost effectiveness of non-invasive hand held transcutaneous bilirubinometer for the diagnosis of neonates with hyperbilirubinaemia.

  • In the event that all Unencumbered Assets owned by a Subsidiary Borrower shall have been removed as Unencumbered Assets in accordance with the terms of this Agreement, then, upon the request of Parent Borrower, such Subsidiary Borrower shall be released by Agent from liability under this Agreement pursuant to a Subsidiary Borrower Release substantially in the form of Exhibit G hereto.

  • For the avoidance of doubt, all other property of the Tower Group Members, including any Tower LLC Spread and proceeds thereon, shall be either (i) transferred to Holdings, the Company Borrower and/or the Company Subsidiary Guarantors or (ii) transferred to Onex or an affiliate thereof subject to the continuing Lien of the Administrative Agent in favor of the Secured Parties, in each case upon the consummation of the Tower Borrower Release.

  • Without limiting in any way the generality of the foregoing, the Tower Borrower Release may be effected by the Tower Borrower assigning to the Company Borrower, and the Company Borrower assuming from the Tower Borrower by novation, all rights and obligations of the Tower Borrower under the Loan Documents, or other release transaction designed to achieve similar effect.

  • Because the uniformity of the internal flow during the impeller’s rotation greatly influences performance, the base model impeller was designed by applying Stepanoff theory, which minimizes flow instability by increasing the cross-sectional area of the internal flow at a fixed rate.

  • In the event that all Unencumbered Assets owned by a Subsidiary Borrower shall have been removed as Unencumbered Assets in accordance with the terms of this Agreement, then, upon the request of Parent Borrower, such Subsidiary Borrower shall be released by Agent from liability under this Agreement pursuant to a Subsidiary Borrower Release substantially in the form of Exhibit J hereto.

  • Enter into any contract or agreement other than in connection with, arising out of or reasonably related to the Tower Transaction, the Loan Documents and Swap Agreements permitted by Section 6.1.A(c), a Tower Borrower Release and other loan documentation permitted by Section 6.1.A.

  • The Lenders hereby authorize and direct the Administrative Agent to execute and deliver all agreements, instruments and other documents reasonably requested by the Company Borrower or the Tower Borrower to accomplish a Tower Borrower Release including such modifications to the Loan Documents as may be necessary or advisable to release the Tower Group Members from any obligations under the Loan Documents.

  • The foregoing releases in this paragraph shall become effective only if and when the Borrower Release Date has occurred.

  • A more serious contention could be the bifurcation of the state into two union territories without consultation of the state legislative assembly, as mandated under the proviso of Article 3 of the Constitution.


More Definitions of Borrower Release

Borrower Release shall have the meaning set forth in Section 2.6.3 hereof.
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Borrower Release has the meaning given that term in Section 12.22(c).
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Borrower Release means the release of any Collateral from the Lien of the applicable Collateral Document at the direction of the Borrower pursuant to Section 8.9(b).
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Related to Borrower Release

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

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

  • Borrower Notice means a written notice, in the form of Exhibit A, to be used for each borrowing, repayment of each Advance or termination or reduction of the Facility Amount or Prepayments of Advances.

  • Authorized Borrower Representative means a person at the time designated and authorized to act on behalf of the Borrower by a written certificate furnished to the Governmental Lender, the Funding Lender, the Fiscal Agent and the Servicer and containing the specimen signature of such person and signed on behalf of the Borrower by its Borrower Controlling Entity which certificate may designate one or more alternates.

  • Applicant Borrower has the meaning specified in Section 2.14.

  • Designated Borrower Request and Assumption Agreement has the meaning specified in Section 2.14.

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

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

  • 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:

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

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

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • Borrower Agent as defined in Section 4.4.

  • Borrowing Agent means any of the following:

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Borrower as defined in the preamble hereto.

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • Borrowing Notice is defined in Section 2.8.

  • Notice of Swingline Borrowing shall have the meaning set forth in Section 2.4.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

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

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.