Borrowing Affiliate definition
Examples of Borrowing Affiliate in a sentence
The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Administrator, the Indenture Trustee, the Servicer or a Swap Counterparty in banking transactions with the same rights as if it were owner of the Notes and not acting as Trustee.
In addition, no new Affiliate Advances shall be made to any Borrowing Affiliate that is in breach of a Material Affiliate Advance Facility Covenant unless the Borrower is nevertheless obligated under such Affiliate Advance Facility to extend additional Affiliate Advances thereunder.
Designation of Borrowing Affiliate; Releases..................30 2.14.
In addition, the Company agrees to cause each Borrowing Affiliate and Affiliated Parent Guarantor to comply in all respects with each covenant and agreement set forth below and attributed to such Affiliated Credit Party.
In addition, the Company agrees to cause each of its Restricted Subsidiaries (including, without limitation, each Borrowing Affiliate) to comply in all respects with each covenant and agreement set forth below and attributed to such Restricted Subsidiary.
The Company shall not, and shall not permit any other Credit Party to, assume, endorse, be or become liable for, or guarantee, the obligations of any Person (other than the "Borrowing Affiliate Guaranties" and "Parent Guaranties" under and as defined in the MEFA) except (a) by the endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and (b) in respect of the Permitted Indebtedness of the Credit Parties.
Designation of Borrowing Affiliate; Releases........................................................44 2.15.
None of the Affiliated Credit Parties shall, nor shall they permit any of their Restricted Subsidiaries to, assume, endorse, be or become liable for, or guarantee, the obligations of any Person (other than the Borrowing Affiliate Guaranties and Parent Guaranties), except (i) by the endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and (ii) in respect of the Permitted Indebtedness of the Company and the Borrowing Affiliates.
Where a representation and warranty is not attributed to any particular Affiliated Credit Party or Credit Party; it shall be deemed made by and on behalf of the Company, each Affiliated Parent Guarantor, each Borrowing Affiliate and each Third Party Guarantor each as to themselves, it being understood that the Company shall, subject to the limitations on remedies set forth in Section 11.2(l), be deemed to be making such representations and warranties on behalf of all such Persons.
Each Rollover Loan shall (i) be evidenced by and subject to repayment under a Borrowing Affiliate Note, (ii) be subject to all conditions to lending otherwise applicable to a Borrowing Affiliate Note, (iii) reduce the Attributable Borrowing Sublimit for the relevant Borrowing Affiliate, and (iv) otherwise be treated as an Attributable Borrowing; provided, that the Company shall not be required to deliver an Invoice in connection with any Rollover Loan.