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.
Sample 1
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 and $5,000,000. The Designated Borrower Limit is part of, and not in addition to, the Aggregate Commitments.
Sample 1
Designated Borrower Limit means, for any Borrower, the amount shown on S chedule 2.14 as its “Designated Borrower Limit”, and for any Applicant Borrower that becomes a Borrower hereunder in accordance with the provisions of S ection 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 Commitments.
Sample 1

Examples of Designated Borrower Limit in a sentence

  • 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 Designated Borrower Limit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • The Administrative Agent will promptly notify the Foreign Revolving Lenders of any such increase of a Designated Borrower’s Designated Borrower Limit.

  • 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.


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...
Sample 1
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
Sample 1

Related to Designated Borrower Limit

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

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

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Qualified Borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • 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.

  • 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;

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

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

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

  • Canadian Borrower as defined in the preamble hereto.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • 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.

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

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

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

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

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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