Commercial Borrowers definition

Commercial Borrowers means large and medium-sized companies and small businesses, including self-employed professionals set out in the records of the Seller as being obliged to make payments pursuant to a Loan Agreement.
Sample 1

Examples of Commercial Borrowers in a sentence

  • Import Collection/ Contract document handling charges at the time of retirement for documents that remain pending for payment for more than one month Rs. 1,200/- per month iv) Collection commission at the time of payment of bill Rs. 500/- Note: Service charges for Corporate / Commercial Borrowers may be revised by Business Head.

  • Seller reserves the right without prejudice to the Buyer’s liability to pay on the due date, to charge interest on any overdue balance at the rate of 5% higher than the ruling overdraft rate charged by South African Commercial Banks to Prime Commercial Borrowers of unsecured funds or the maximum rate of interest permitted by the law from time to time, whichever is the lesser.

  • Schedule 8.1.28 Existing Cash Collateral and LCs for Surety Bonds Schedule 9.2.5 Permitted Liens Schedule 9.2.8 Restrictions on Upstream Payment Schedule 9.2.13 Restricted Investments Schedule A Existing Bonded Contracts Schedule B Restricted Subsidiaries Schedule C Shutdown Subsidiaries Schedule D Commercial Borrowers Schedule E Residential Borrowers THIS LOAN AND SECURITY AGREEMENT is made on May 12, 2006, by and among INTEGRATED ELECTRICAL SERVICES, INC.

  • There are two subcategories of the BRR model: one which is used to assess Financial Institutions and another which is used for all other types of Corporate/ Commercial Borrowers.

  • Commercial EBIT – solely with respect to the Commercial Borrowers, with respect to any period of such Commercial Borrowers, on a Consolidated basis, Adjusted Net Earnings from Operations, plus, to the extent deducted in the determination of Adjusted Net Earnings from Operations for that period (but without duplication), interest expenses, Federal, state, local and foreign income taxes and other identified non-cash items not otherwise included which are acceptable to Agent.

Related to Commercial Borrowers

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Original Borrower shall have the meaning set forth in the recitals hereto.

  • Credit Parties means the Borrower and the Guarantors.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

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

  • means Borrower s forecasted consolidated and consolidating:

  • International Borrower In connection with any Mortgage Loan, a borrower who is (a) a United States citizen employed in a foreign country, (b) a non-permanent resident alien employed in the United States or (c) a citizen of a country other than the United States with income derived from sources outside the United States.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Borrower as defined in the preamble hereto.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Parent Borrower as defined in the preamble hereto.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that:

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.