Examples of Borrower Representatives in a sentence
Agent shall have received the Financial Statements, Projections and other materials set forth in Section 3.4, certified by Borrower Representative's Chief Financial Officer, in each case in form and substance reasonably satisfactory to Agent, and Agent shall be satisfied, in its sole discretion, with all of the foregoing.
If as the result of collections of Accounts as authorized by subsection 6.2.4 hereof or otherwise, a credit balance exists in the Loan Account, such credit balance shall not accrue interest in favor of Borrowers, but shall be disbursed to Borrowers or otherwise at Borrower Representative's direction in the manner set forth in subsection 3.1.2, upon Borrower Representative's request at any time, so long as no Default or Event of Default has occurred and is continuing.
Notices shall be addressed as follows: If to Borrower Representatives: Exopack Holding Corp.
The Borrower Representative's consent shall be deemed to have been given if the Borrower Representative has not responded within five business days of an assignment request.
Upon receipt from each Lender of such amount, the Administrative Agent will make available to the Borrowers in the Borrower Representative's account with the Administrative Agent the aggregate amount of such Revolving Credit Loan made available to the Administrative Agent by the Lenders.
Each of the Borrowers further irrevocably authorizes both Borrower Representatives to act as the contractual representative of such Borrower with the rights and duties expressly set forth herein and in the other Loan Documents.
Disbursements hereunder may be made -------------------------- by Lender to the Account upon the written request of the Authorized Borrower Representatives.
Each Borrower agrees that any action taken by the Borrower Representatives or the Borrowers in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Borrower Representatives of their powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Borrowers.
Subject to its receipt of such amounts from Lenders, Agent shall make the proceeds of the Revolver Loans received by it available to Borrowers by disbursing such proceeds in accordance with Borrower Representative's disbursement instructions set forth in the applicable Notice of Borrowing.
The Borrower Representatives shall have no implied duties to the Borrowers, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Borrower Representatives.