Contributing Borrower definition

Contributing Borrower shall have the meaning assigned thereto in Section 2.10(d).

Contributing Borrower has the meaning specified in Section 14.1(e).

Contributing Borrower has the meaning assigned to such term in Section 9.15(f).

Examples of Contributing Borrower in a sentence

• Each Borrower covenants and agrees that its right to receive any contribution hereunder from a Contributing Borrower shall be subordinate and junior in right of payment to all obligations of the Borrowers to the Agent and the Lenders hereunder.

• Each Borrower covenants and agrees that its right to receive any contribution hereunder from a Contributing Borrower shall be subordinate and junior in right of payment to all obligations of the Borrowers to the Administrative Agent and Lenders hereunder.

• The “Allocable Share” of a Contributing Borrower is a fraction, the numerator of which is such Contributing Borrower’s Loan Obligation Limit at the time the applicable Loan Obligation Payment is made and the denominator of which is the sum of the Loan Obligation Limits of all of the Contributing Borrowers (plus a similarly computed amount for any Guarantor which has a similar obligation to make a contribution) as of such time.

• To the extent that any Borrower makes a payment on any of the Obligations (a “Loan Obligation Payment”), such Borrower (the “Entitled Borrower”) is entitled to contribution and indemnification from, and reimbursement by, each other Borrower (a “Contributing Borrower”) in the amount of the Contribution Obligation of such Contributing Borrower hereunder.

• Each Borrower covenants and agrees that its right to receive any contribution hereunder from a Contributing Borrower shall be subordinate and junior in right of payment to all obligations of the Borrowers to the Administrative Agent, the Issuing Banks and the Lenders hereunder.

More Definitions of Contributing Borrower

Contributing Borrower shall have the meaning assigned thereto in Section 4.1(f).

Contributing Borrower has the meaning set forth in Section 10.06(f).

Contributing Borrower has the meaning set forth in Section 2.15.4.

Contributing Borrower has the meaning specified in SECTION 1.5(E).

Contributing Borrower has the meaning set forth in Section 11.03. “Control” has the meaning set forth in the definition of “Affiliate”.

Contributing Borrower shall have the meaning set forth in Section 3.6(d) of this Agreement.

Contributing Borrower shall have the meaning ascribed thereto in Section 2.16(c) hereof.