Facility Borrowers definition

Facility Borrowers means collectively all such borrowers.

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Facility Borrowers the collective reference to CFC and CCCL.

Facility Borrowers refers to Chrysler and Chrysler Canada. Terms used herein which are defined in the Revolving Credit Agreement shall have the respective meanings set forth in the Revolving Credit Agreement, unless otherwise defined herein. In connection with this opinion, I or members of my staff have examined executed copies of each of the Revolving Credit Agreement and such corporate documents and records of Chrysler and certificates of public officials and officers of Chrysler, and such other documents, as I have deemed necessary or appropriate for the purposes of this opinion. For the purposes of this opinion, I have assumed (i) the genuineness of all signatures of, and the authority of, Persons signing the Revolving Credit Agreement on behalf of parties thereto other than Chrysler, (ii) the authenticity of all documents submitted to me as originals, (iii) the conformity to authentic original documents of all documents submitted to me as certified, conformed or photostatic copies and (iv) the due authorization, execution and delivery of the Revolving Credit Agreement by the parties thereto other than Chrysler. For the purposes of my opinions set forth in paragraphs 4 and 7 below, I have relied on an opinion letter of even date herewith issued by Fasken Camp▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ecial Canadian counsel to Chrysler Canada, to the extent that matters relevant to the opinions set forth in such paragraphs are covered by such opinion letter. Based upon the foregoing, I am of the opinion that:

Examples of Facility Borrowers in a sentence

• Within the foregoing limits and subject to the terms, conditions and limitations set forth herein, the Revolving Facility Borrowers may borrow, pay or prepay and reborrow Revolving Loans.

• As part of the Revolving Facility, Borrowers may, subject to the terms and conditions of this Agreement, request Letters of Credit to be issued in an amount not to exceed the Total Letter of Credit Commitment and in the event and to the extent the Issuing Bank issues a Letter of Credit on behalf of a Borrower, the Total Revolving Credit Commitment shall be considered utilized by the amount of such Letter of Credit.

• During the term of the Revolving Facility, Borrowers shall pay to Agent such amounts as are necessary so that the sum of the outstanding principal balance of the Revolving Credit Outstandings and the Letter of Credit Outstandings in the aggregate at any time does not exceed the Total Revolving Credit Commitment at such time.

• The failure to record, or any error in recording, any such amount or other information shall not limit or impair the obligations of the Australian Facility Borrowers hereunder or under any Loan Document.

• Within the foregoing limits, and subject to the other terms and conditions hereof, the Revolving Facility Borrowers may borrow under this Section 2.04, prepay under Section 2.11, and reborrow under this Section 2.04.

• The failure to record, or any error in recording, any such amount or other information shall not limit or impair the obligations of the UK Facility Borrowers hereunder or under any Loan Document.

• Each Agent may resign as Agent upon 30 days' notice to the Banks and the Facility Borrowers, and may be removed at any time with or without cause by the Required Banks.

• Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Banks and shall be binding upon each Facility Borrower, the Banks, each Agent and all future holders of the obligations owing by the Facility Borrowers hereunder.

• To request an Advance (other than the initial Advances on the Closing Date) under the Term Loan Facility, Borrowers must give Administrative Agent written notice (or verbal notice by telephone with immediate written confirmation to follow) at least three (3) Business Days (but not more than ten (10) Business Days) prior to the requested Settlement Date for such Advance (such notice, an "Advance Request").

• Without prejudice to any other provision of this Agreement, the Total Commitments under the Revolving Credit Facility shall in any event be reduced to zero on the Available Commitment Termination Date in respect of such Facility and no Advance may be drawn by the Revolving Credit Facility Borrowers under the Revolving Credit Facility thereafter.

More Definitions of Facility Borrowers

Facility Borrowers means the Fund, Osprey LP and, as of the Bidco Effective Date, Bidco, and Term Facility Borrower means any one of them.

Facility Borrowers the collective reference to Chrysler and Chrysler Canada.