Election to Become a Borrower definition

Election to Become a Borrower means an Election to Become a Borrower, substantially in the form of Exhibit D to this Agreement, properly completed and duly executed by each required party thereto.
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Election to Become a Borrower means an Election to Become a Borrower, substantially in the form of Exhibit G to this Agreement, properly completed and duly executed by each required party thereto. "ELIGIBLE ASSIGNEE" means (a) another Lender, (b) with respect to any Lender, any Affiliate of that Lender, (c) any commercial bank having a combined capital and surplus of $100,000,000 or more which is (i) organized under the laws of the United States or any state thereof, or (ii) the domestic branch or agency of any such commercial bank organized under the laws of a country which is a member of the Organization for Economic Cooperation and Development, (d) any (i) savings bank, savings and loan association or similar financial institution or (ii) insurance company engaged in the business of writing insurance which, in either case (A) has a net worth of $200,000,000 or more, (B) is engaged in the business of lending money and extending credit under credit facilities substantially similar to those extended under this Agreement and (C) is operationally and procedurally able to meet the obligations of a Lender hereunder to the same degree as a commercial bank and (e) any other financial institution (INCLUDING a mutual fund or other fund) having total assets of $250,000,000 or more which meets the requirements set forth in subclauses (B) and (C) of clause (d) above; PROVIDED that each Eligible Assignee must either (a) be organized under the Laws of the United States of America, any State thereof or the District of Columbia or (b) be organized under the Laws of the Cayman Islands or any country which is a member of the Organization for Economic Cooperation and Development, or a political subdivision of such a country, and (i) act hereunder through a branch, agency or funding office located in the United States of America and (ii) otherwise be exempt from withholding of tax on interest and delivers Form W-8BEN pursuant to Section 11.21 at the time of any assignment pursuant to Section 11.8.
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Election to Become a Borrower means an Election to Become a Borrower in the form of Exhibit M hereto.
Sample 1

Examples of Election to Become a Borrower in a sentence

  • Unless the Requisite Lenders have objected in writing to the proposed designee or Aggregate Sublimit within ten Business Days following such notice from the Administrative Agent (which objection may be in the sole discretion of each Lender), the Administrative Agent shall notify the Borrowers that the appointment is accepted, whereupon the proposed new Borrower shall be a Borrower for all purposes of this Agreement, with the Aggregate Sublimit set forth in its Election to Become a Borrower.

  • Borrower Guaranty" shall mean, on after the execution and delivery of an Election to Become a Borrower by any Domestic U.K. Borrower, the guaranty of such Domestic U.K. Borrower pursuant to Section 16.

  • Notwithstanding anything herein to the contrary, until such time as Subsidiary Borrower shall have delivered an Election to Become a Borrower, along with documentation similar to that described in Section 9.1(a) and (b) in form and substance satisfactory to the Banks along with the substitute Notes required pursuant to Section 4.5 hereof, Subsidiary Borrower shall not be deemed to be a Borrower under this Agreement.


More Definitions of Election to Become a Borrower

Election to Become a Borrower means an Election to Become a Borrower in the form of Exhibit J, which shall be executed by each new Borrower in accordance with Section 6.
Sample 1
Election to Become a Borrower means an Election to Become a Borrower, substantially in the form of Exhibit D to this Agreement, properly completed and duly executed by each required party thereto. "Eligible Assignee" means
Sample 1

Related to Election to Become a Borrower

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

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

  • Release Request has the meaning set forth in Section 2.1.

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Notice of Conversion/Continuation has the meaning assigned thereto in Section 4.2.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Advance Notice Date means each date the Company delivers to the Investor an Advance Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement. No Advance Notice Date shall be less than seven (7) Trading Days after the prior Advance Notice Date.

  • Widely attended event means an event at which at least 25 persons have been invited to attend or there is a reasonable expectation that at least 25 persons will attend the event and the event is open to individuals (i) who are members of a public, civic, charitable or professional organization, (ii) who are from a particular industry or profession or (iii) who represent persons interested in a particular issue.

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Notice of Conversion or Continuation shall have the meaning provided in Section 2.6(a).

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Borrowing Notice is defined in Section 2.8.

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Continuation Notice as defined in Section 2.17(a).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Guarantor Request and "Guarantor Order" mean, respectively, a written request or order, as the case may be, signed in the name of the Guarantor by the Chairman of the Board, a Vice Chairman, the President or a Vice President, and by the Treasurer or an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Guarantor and delivered to the Trustee.

  • Notice of Continuation or Conversion has the meaning provided in Section 2.10(b).

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.