Borrowing Subsidiaries definition

Borrowing Subsidiaries means, at any time, the wholly-owned Subsidiaries of Alcoa that have undertaken the obligations of Borrowing Subsidiaries pursuant to Section 10.04(i).

Borrowing Subsidiaries means each of the Borrowers other than AGCO.

Borrowing Subsidiaries means, at any time, any Subsidiary that has been designated by the Company as a Borrowing Subsidiary pursuant to Section 2.19, other than any Subsidiary that has ceased to be a Borrowing Subsidiary as provided in Section 2.19.

Examples of Borrowing Subsidiaries in a sentence

• The Company further agrees that the due and punctual payment of the Obligations of the Borrowing Subsidiaries may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any Obligation.

• The Company waives presentment to, demand of payment from and protest to the Borrowing Subsidiaries of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

• The Company further agrees that its guarantee constitutes a guarantee of payment when due and not of collection, and waives any right to require that any resort be had by the Administrative Agent or any Lender to any security, if any, held for payment of the Guaranteed Obligations or to any balance of any deposit account or credit on its books, in favor of the Borrowing Subsidiaries or any other person.

• To the extent permitted by applicable law, the Company waives any defense based on or arising out of any defense available to the Borrowing Subsidiaries, including any defense based on or arising out of any disability of the Borrowing Subsidiaries, or the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrowing Subsidiaries, other than final payment in full of the Guaranteed Obligations.

• The Administrative Agent and the Lenders may, at their election, foreclose on any security held by one or more of them by one or more judicial or non-judicial sales, or exercise any other right or remedy available to them against the Borrowing Subsidiaries, or any security without affecting or impairing in any way the liability of the Company hereunder except to the extent the Guaranteed Obligations have been fully and finally paid.

More Definitions of Borrowing Subsidiaries

Borrowing Subsidiaries means any Subsidiaries that become Borrowers pursuant to Section 2.18, other than any such Borrowing Subsidiaries that have ceased to be Borrowers pursuant to Section 2.18.

Borrowing Subsidiaries means Xxxxxx Xxxxxxx USA Corporation, a Delaware corporation, Xxxxxx Xxxxxxx North America Corp., a Delaware corporation (formerly known as Xxxxxx Xxxxxxx Power Group, Inc.), and Xxxxxx Xxxxxxx Energy Corporation, a Delaware corporation, in each case for so long as such Persons are Subsidiaries of the Company, and their respective successors and assigns.

Borrowing Subsidiaries means Union Electric, CIPS, CILCO, Genco and IP.

Borrowing Subsidiaries means PLP, Phosphates and any other Subsidiary with respect to which a Subsidiary Borrower Election shall have been executed and delivered as provided in Section 2.21 and with respect to which a Subsidiary Borrower Termination has not been executed and delivered as provided in Section 2.21.

Borrowing Subsidiaries means Union Electric, CIPS, CILCO, Genco and IP; provided that for all purposes of this Agreement any such company shall no longer be a “Borrowing Subsidiary” or a “Borrower” under this Agreement from and after such time as such Borrowing Subsidiary ceases to be a “Borrower”, a “Borrowing Subsidiary” and a “Subsidiary” in accordance with Section 2.24.

Borrowing Subsidiaries means Millennium America, MICL or any other Domestic Subsidiary or, with the prior written approval of the Required Lenders, Foreign Subsidiary designated as a Borrowing Subsidiary by Millennium pursuant to Section 2.24 that has not ceased to be a Borrowing Subsidiary as provided in such Section.

Borrowing Subsidiaries. Original Credit Facility", "Original Loan Agreement" and "this Agreement" shall have the respective meanings ascribed thereto in the introductory paragraphs of this Agreement. Such terms, together with the other terms defined in Section 1.1, shall include both the singular and the plural forms thereof and shall be construed accordingly. All computations required hereunder and all financial terms used herein shall be made or construed in accordance with Generally Accepted Accounting Principles unless such principles are inconsistent with the express requirements of this Agreement provided that, if the Company notifies the Agent that the Company wishes to amend any covenant in Article V to eliminate the effect of any change in Generally Accepted Accounting Principles in the operation of such covenant (or if the Agent notifies the Company that the Majority Banks wish to amend Article V for such purpose), then the Borrowers' compliance with such covenant shall be determined on the basis of Generally Accepted Accounting Principles in effect immediately before the relevant change in Generally Accepted Accounting Principles became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrowers and the Majority Banks. Use of the terms "herein", "hereof", and "hereunder" shall be deemed references to this Agreement in its entirety and not to the Section or clause in which such term appears. References to "Sections" and "subsections" shall be to Sections and subsections, respectively, of this Agreement unless otherwise specifically provided.