Designated Borrowers definition

Designated Borrowers means any Subsidiary of the Company as to which a Designation Letter has been delivered to the Administrative Agent in accordance with and together with the other documents required by Section 2.14, and no Termination Letter has been delivered to the Administrative Agent thereunder.
Designated Borrowers each has the meaning specified in the introductory paragraph hereto.
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).

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.


More Definitions of Designated Borrowers

Designated Borrowers means, collectively, each Foreign Subsidiary of the Company that is a Restricted Subsidiary party hereto in the capacity of a Borrower pursuant to, and in accordance with, Section 2.16. On the Restatement Effective Date, there shall be no Designated Borrowers.
Designated Borrowers means such Subsidiaries of Parent (other than Jazz Lux, Financing Holdings, Parent, Jazz DAC, Jazz Financing I, Jazz Ireland, Jazz UK and Jazz U.S.) as Parent may designate in writing to the Administrative Agent from time to time subject to the terms and conditions set forth in Section 2.26 hereof.
Designated Borrowers means Time Warner and TWIFL.
Designated Borrowers. Schroder US Small and Mid Cap Opportunities Fund Schroder Emerging Market Equity Fund Schroder US Opportunities Fund
Designated Borrowers as defined in the introductory paragraph hereto.
Designated Borrowers has the meaning set forth in the preamble to this Agreement.
Designated Borrowers means AOLTW and AOLTWFI.