Co-Borrower definition

Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

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Co-Borrower has the meaning specified in Section 6.12 hereof.

Co-Borrower means and includes the person(s) who, along with the Borrower shall be jointly and severally liable for repayment of the Outstanding Amount and his/her/their obligation in relation to the Outstanding Amount shall be concurrent with that of the Borrower in all respects as if he/she/they himself/herself/themselves was/were the Borrower and accordingly, the Co-Borrower shall regularly and punctually pay to the Bank the installments as well as other dues payable under the Facility himself/herself/themselves in the event of default by the Borrower.

Examples of Co-Borrower in a sentence

• Co-Borrowers have no Subsidiaries, other than another Co-Borrower.

• Each Co-Borrower and its Subsidiaries is a corporation duly organized and validly existing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any jurisdiction in which the conduct of its business or its ownership of Property requires that it be so qualified and licensed, except for such states as to which any failure to so qualify would not have a Material Adverse Effect.

• At Collateral Agent’s or ▇▇▇▇▇▇’s request, each Co-Borrower shall deliver certified copies of policies and evidence of all premium payments.

• Each Co-Borrower shall be regarded, and shall be in the same position, as principal debtor with respect to the Obligations guaranteed hereunder.

• Each Co-Borrower and ▇▇▇▇▇▇ agrees that the foregoing waivers are of the essence of the transaction contemplated by this Agreement and the other Loan Documents and that, but for the provisions of this Section 16 and such waivers, Lender would decline to enter into this Agreement.

More Definitions of Co-Borrower

Co-Borrower has the meaning assigned to such term in the preamble hereto.

Co-Borrower means the person/entity named as such in the Schedule hereto.

Co-Borrower as defined in the introductory paragraph to this Agreement.

Co-Borrower means any parent, legal guardian or sponsor of an Eligible Student attending an Eligible College or University who shall be jointly and severally liable with a Borrower for the repayment of a Loan.

Co-Borrower as defined in the preamble hereto.

Co-Borrower has the meaning given in the introductory paragraph.

Co-Borrower means (a) New ▇▇▇▇▇▇▇▇▇’▇, Inc., Safeway Inc., United Supermarkets, L.L.C. and Spirit Acquisition Holdings LLC and (b) any wholly owned Domestic Subsidiary of Holdings that is a Restricted Subsidiary of Holdings and is designated by the Parent Borrower as a “Co-Borrower”; provided that such designation as a “Co-Borrower” is agreed upon in writing between the Parent Borrower and the Agent.