H Borrower definition
Examples of H Borrower in a sentence
Upon such contribution of assets and assumption of obligations, the H Borrower shall succeed, and may exercise every right and power of, the Initial Borrower under this Agreement with the same effect as if the H Borrower had been the original Borrower herein, and the Initial Borrower shall be relieved of and released from its obligations under this Agreement, in each case as provided in such Borrower Assumption Agreement.
The Initial Borrower, the Initial Guarantor, the H Borrower, the H Guarantor, the Lenders and the Administrative Agent are parties to the 364-Day Senior Bridge Loan Agreement, dated as of April 25, 2007 (as amended, supplemented or otherwise modified from time to time through the date of this Amendment, the “Bridge Loan Agreement”).
Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Obligors, the H Borrower and the H Guarantor that pursuant to the requirements of the USA Patriot Act (Title III of Pub.
Except for the relationships and transactions (the "Approved Transactions") disclosed to Lender in writing and set forth on EXHIBIT "H", Borrower owns no stock or interest in any other person or entity and has no affiliates which have any involvement or interest in the Property in any way.
The undertakings in this Clause 27 (Insurance Undertakings) remain in force from the date of this Agreement or, or as in the case may be in respect of Borrower G and Ship G, as and on from the Effective Date or, in the case of Borrower H, Ship H, Borrower I and Ship I on and from the Second Effective Date and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.
As security for all indebtedness of Borrower to Bank under the Term Loan H, Borrower hereby grants to Bank a lien of not less than first priority on real properties located at 736-738 and ▇▇▇-▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and Highway ▇-▇▇ ▇▇ ▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇.
In addition to the foregoing, and separate and apart from any indemnity otherwise payable to Lenders under this subsection (H), Borrower shall pay to Agent, for its own account, an administrative fee of Two Thousand Five Hundred Dollars ($2,500) for each occurrence described in clause (d) above, after the first two (2) such occurrences, effective with its occurrence.
Except as described on Exhibit H, Borrower and each of the Guarantors are in compliance in all material respects with all laws (including all Environmental Laws), rules, regulations, ordinances, orders and decrees which are applicable to Borrower, the Guarantors or any of their respective properties or business, the failure to comply with which could have a Material Adverse Effect.
In the event of any other type of unintentional default by Borrower (other than an Event of Default under Section 13.0 (E), (F), or (H), Borrower shall have thirty (30) calendar days to cure the default before Lender exercises its remedies as set forth in this Article XIII.