Borrower Subsidiary definition

Borrower Subsidiary means a Subsidiary of the Borrower or of any of its direct or indirect Subsidiaries.

Borrower Subsidiary means each Subsidiary of Borrower, each of which shall be a Delaware limited liability company (unless otherwise consented to by Lender) and shall be wholly owned by Borrower.

Borrower Subsidiary means any subsidiary of the Borrower.

Examples of Borrower Subsidiary in a sentence

• This Agreement, any Notes, the Guaranties and each Borrower Subsidiary Letter shall be deemed to be contracts under the laws of the State of New York and for all purposes shall be construed in accordance with the laws of such State.

• No Borrower, Subsidiary or, to the knowledge of any Borrower or Subsidiary, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity currently the subject of any Sanctions.

• At least five days prior to the effectiveness of the applicable Borrower Subsidiary Letter, with respect to any Subsidiary Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Subsidiary Borrower.

• Within five (5) Business Days of receipt thereof, copies of all notices in any way relating to a proposed sale or acquisition of any Individual Property which the Borrower or any Borrower Subsidiary intends to consummate.

• Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to herein and stating what action the Borrower, Subsidiary or Material Subsidiary, as applicable, has taken and proposes to take with respect thereto.

More Definitions of Borrower Subsidiary

Borrower Subsidiary means any direct or indirect Subsidiary of the Borrower (including, without limitation, any Holdco Subsidiary), each of which shall be reasonably satisfactory to the Administrative Agent, including, without limitation, any Aircraft Owning Entity, any Owner Participant and any Applicable Intermediary.

Borrower Subsidiary means any wholly-owned Subsidiary of the Borrower formed for the purpose of holding Loan Assets and pledging them to the Collateral Agent as security for the Obligations and included as a “Borrower Subsidiary” herein in accordance with Section 3.05.

Borrower Subsidiary. Shall have the meaning set forth in the Recitals.

Borrower Subsidiary means a Managing Member or a Wholly-Owned Subsidiary, as the context requires.

Borrower Subsidiary means a Subsidiary of the Borrower that is not a TEP Subsidiary or a UES Subsidiary.

Borrower Subsidiary has the meaning specified in the recital of parties to this Agreement.

Borrower Subsidiary as defined in the recitals of this Pledge Agreement.