Examples of Designated Borrowers in a sentence
The Obligations of all Designated Borrowers that are Foreign Subsidiaries shall be several in nature.
Permit the Asset Coverage Ratio of such Borrower to be less than (x) for all Borrowers other than Designated Borrowers, 300%, or (y) for each Designated Borrower, the Designated Borrower Asset Coverage Ratio Percentage for such Borrower; or in either case allow borrowings and/or Indebtedness of such Borrower to exceed the limits set forth in such Borrower’s Prospectus or allow borrowings and/or Indebtedness to exceed the requirements of the 1940 Act.
The Obligations of all Designated Borrowers shall be several in nature.
The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower's status.
Last Scheduled Payment Principal Balance of Defaulted Receivables 569,547.70 5.