Designated Borrowers definition
Examples of Designated Borrowers in a sentence
Prior to the addition of the first Designated Borrower in accordance with subsection (b) hereof, the Company and Guarantors shall execute and deliver any modification and amendments to the Loan Documents as may be reasonably requested by the Administrative Agent to ensure that all obligations evidenced, guaranteed or secured thereby specifically include the obligations of Designated Borrowers under this Agreement.
Until the termination of this section as set forth above, the Company knowingly, voluntarily, intentionally and irrevocably waives without any notice each right of subrogation, indemnification, reimbursement or contribution and each similar right against the Designated Borrowers heretofore or hereafter arising in connection with this Agreement or any other agreements in connection therewith (including but not limited to pursuant to any agreement providing any collateral).