Escrow Borrower definition

Escrow Borrower a Non-Recourse Subsidiary or another Person that is not the Borrower or a Subsidiary, in each case, established to (i) borrow Escrow Incremental Term Loans (pending assumption of such Incremental Term Loans by the Borrower) or (ii) assume the obligations of the Borrower with respect to previously incurred Incremental Term Loans, in each case, that is designated in the applicable Incremental Activation Notice or assumption agreement as an Escrow Borrower and that is not engaged in any material operations and does not have any other material assets other than in connection therewith.

Escrow Borrower means an Unrestricted Subsidiary established to borrow Escrow Permitted Ratio Debt or Escrow Incremental Term Loans (pending assumption of such Escrow Permitted Ratio Debt or Escrow Incremental Term Loans by the Borrower) and that is not engaged in any material operations and does not have any other material assets other than in connection therewith.

Escrow Borrower as defined in Subsection 2.8(a).

Examples of Escrow Borrower in a sentence

• Such notice shall set forth (i) the amount of the Escrow Incremental Term Loans being requested (which shall be in minimum increments of $5,000,000 and a minimum amount of $10,000,000, or equal to the then remaining Incremental Amount or, in each case, such lesser amount approved by the Administrative Agent), (ii) the date on which such Escrow Incremental Term Loans are requested to be borrowed by the Escrow Borrower and (iii) the identity of the Escrow Borrower.

• So the elimination, substitution, and combination reason for choosing a particular method is method.

• The Grievance Redressal Cell of the SBI General looks into complaints from Insured.

• Concurrently with the initial funding under this Agreement on the Closing Date, the Escrow Borrower will enter into the Escrow Agreement with the Administrative Agent, pursuant to which (i) the Escrow Borrower will deposit with the Administrative Agent into the Escrow Account the proceeds of the Loans made on the Closing Date and (ii) the Escrow Borrower will deposit into the Escrow Account such additional amounts on the Closing Date and thereafter as required under the Escrow Agreement.

• The Escrow Borrower has not had and currently does not have any Subsidiaries.

More Definitions of Escrow Borrower

Escrow Borrower means the “Borrower” as defined in the Escrow Term Loan Agreement.

Escrow Borrower means Orchestra Borrower, LLC, a Delaware limited liability company.

Escrow Borrower has the meaning specified in Section 2.14(a).

Escrow Borrower means a Person that is a U.S. entity and is not the Borrower established to (i) borrow Escrow Incremental Term Loans pending assumption of such Incremental Term Loans by the Borrower or (ii) assume the obligations of the Borrower with respect to previously incurred Incremental Term Loans, in each case, that is designated in the applicable Incremental Amendment or assumption agreement as an Escrow Borrower and that is not engaged in any material operations and does not have any other material assets other than in connection therewith.

Escrow Borrower shall have the meaning assigned to such term in the introductory statements hereto.

Escrow Borrower means CommScope Finance LLC, a limited liability company organized under the laws of Delaware and a direct Wholly Owned Subsidiary of the Issuer.

Escrow Borrower has the meaning assigned to such term in the Preamble hereto.