Designated Borrower Limit definition
Designated Borrower Limit means, for any Borrower, the amount shown on Schedule 2.14 as its “Designated Borrower Limit”, and for any Applicant Borrower that becomes a Borrower hereunder in accordance with the provisions of Section 2.14(b), the amount identified in the Designated Borrower Request and Assumption Agreement. The Designated Borrower Limit is part of, and not in addition to, the Aggregate Revolving Commitments.
Designated Borrower Limit means (a) with respect to Newco, an amount equal to the Aggregate Foreign Revolving Committed Amount, with respect to Borrowings of Foreign Revolving Loans, and the aggregate amount of the Foreign Term Loan Commitments, with respect to the Borrowings of the Foreign Term Loan and (b) with respect to any other Designated Borrower, an amount equal to the lesser of the Aggregate Commitments and $5,000,000. The Designated Borrower Limit is part of, and not in addition to, the Aggregate Commitments.
Designated Borrower Limit means, for any Borrower, the amount shown on Schedule 2.14 as its “Designated Borrower Limit”, and for any Applicant Borrower that becomes a Borrower hereunder in accordance with the provisions of Section 2.14(b), the amount identified in the Designated Borrower Request and Assumption
Examples of Designated Borrower Limit in a sentence
The Designated Borrower Limit for any Applicant Borrower that becomes a Primary Borrower shall be the same as the Designated Borrower Limit in effect for FMCH.
FMCAG may request that any of its Subsidiaries (each, an "Applicant Borrower") be designated a Designated Borrower by delivery of a written request to the Administrative Agent, together with an executed copy of the Borrower Joinder Agreement, including the Designated Borrower Limit requested for such Applicant Borrower and, if applicable, requesting that the Applicant Borrower be a Primary Borrower hereunder.
The Administrative Agent will promptly notify the Foreign Revolving Lenders of any such increase of a Designated Borrower’s Designated Borrower Limit.
More Definitions of Designated Borrower Limit
Designated Borrower Limit means, for any Borrower, the amount shown on Schedule 2.14 as its “Designated Borrower Limit”, and for any Applicant Borrower that becomes a Borrower hereunder in accordance with the provisions of Section 2.14(b), the amount identified in the Designated Borrower Request and Assumption Agreement. The Designated Borrower Limit is part of, and not in addition to, the Aggregate Master Revolving Commitments. “Designated Borrower Notice” has the meaning provided in Section 2.14(b). “Designated Borrower Request and Assumption Agreement” has the meaning provided in Section 2.14(b). “Designated Borrowers” means the Borrowers identified on Schedule 2.14 and any Applicant Borrower that becomes a Borrower hereunder in accordance with the provisions of Section 2.14(b). “Designated Jurisdiction” means any country or territory to the extent that such country or territory is the subject of any Sanction. “Direction” has the meaning provided in Section 3.01(a). “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any Property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. “Dollar”, “U.S. Dollar”, “$” and “USD$” means the lawful currency of the United States. “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any other currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such other currency. “Domestic Borrower” means a Borrower that is organized under the laws of any State of the United States or the District of Columbia. “Domestic Credit Party” means a Credit Party that is organized under the laws of any State of the United States or the District of Columbia. “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any State of the United States or the District of Columbia, provided that any limited liability company, organized under the laws of any State of the United States or the District of Columbia and that is a Wholly Owned Subsidiary of a Foreign Subsidiary shall be considered to be a NYDOCS02/116155...
Designated Borrower Limit means (a) with respect to Newco, an amount equal to the Aggregate Foreign Revolving Committed Amount, with respect to Borrowings of Foreign Revolving Loans, and (b) with respect to any other Designated Borrower, an amount equal to the lesser of the Aggregate Commitments