Immediately upon Borrower definition

Immediately upon Borrower s receipt of that portion of the Collateral evidenced by an agreement, instrument and/or document ("Special Collateral"), Borrower shall xxxx the same to show that such Special Collateral is subject to a security interest in favor of Bank and shall deliver the original thereof to Bank, together with appropriate endorsement and/or specific evidence of assignment (in form and substance acceptable to Bank) thereof to Bank.

Immediately upon Borrower s receipt of that portion of the Collateral consisting of Loan Packages, chattel paper and/or evidenced by an instrument and/or document, Borrower shall mark the same to show txxx such Collateral is subject to a security interest in favor of Lender and shall deliver the original thereof to Lender, together with appropriate endorsement and/or other specific evidence of assignment thereof to Lender, in form and substance acceptable to Lender.

Immediately upon Borrower s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.

Examples of Immediately upon Borrower in a sentence

Immediately upon Borrower Group’s receipt of that portion of the Collateral which is or becomes evidenced by an agreement, instrument and/or document, including, without limitation, promissory notes, trade acceptances, documents of title and warehouse receipts (the “Special Collateral”), Borrower Group shall deliver the original thereof to Lender, together with appropriate endorsements or other specific evidence (in form and substance acceptable to Lender) of assignment thereof to Lender.
Immediately upon Borrower becoming aware of any condition or event which constitutes an Event of Default or Default or any default or event of default under any other loan, mortgage, financing or security agreement, the Borrower will give the Bank a written notice thereof specifying the nature and period of existence thereof and what actions, if any, the Borrower is taking and proposes to take with respect thereto.
Immediately upon Borrower ceasing to be Streamline Facility Eligible, provide Bank with a current aging of Accounts and, to the extent not previously delivered to Bank, a copy of the invoice for each Eligible Foreign Account and an Advance Request and Invoice Transmittal and Export Order with respect to each such Account.
Immediately upon Borrower or any of its Relevant Subsidiaries obtaining a License, a description of such License, such description to include (i) the date such License was awarded to Borrower or any of its Relevant Subsidiaries, (ii) the registered holder of such License (whether Borrower or one of its Relevant Subsidiaries), (iii) the value of the Total License Bid with respect to such License, and (iv) the spectrum block of such License and the "basic trading area" covered by such License.

More Definitions of Immediately upon Borrower

Immediately upon Borrower s failure to (i) pay any taxes due on the Collateral prior to such taxes being delinquent, or (ii) maintain insurance on the Collateral of the types and in the amounts required under this Agreement;

Immediately upon Borrower s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document including, without limitation, any Chattel Paper, Borrower shall deliver the original thereof to LaSalle together with an appropriate endorsement or other specific evidence of assignment thereof to LaSalle (in form and substance acceptable to LaSalle). If an endorsement or assignment of any such items shall not be made for any reason, LaSalle is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.

Related to Immediately upon Borrower

Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.
Initial Borrower has the meaning provided in the preamble hereof.
Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.
Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.
Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.
Original Borrower means, as the context requires, any of them;
Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary.
Designated Borrower Notice has the meaning specified in Section 2.14.
Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;
Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.
SPV has the meaning assigned to such term in Section 9.04(e).
Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.
Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).
Designated Borrower has the meaning specified in the introductory paragraph hereto.
Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.
Subsidiary Borrowers as defined in the preamble hereto.
Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.
Subsidiary Borrower means any Eligible Subsidiary that becomes a Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Subsidiary Borrower pursuant to such Section.
Foreign Subsidiary Holding Company means any Subsidiary of the Company which is organized under the laws of the United States of America or any State thereof or the District of Columbia, substantially all of the assets of which consist of the Capital Stock or Indebtedness of one or more Foreign Subsidiaries (or Restricted Subsidiaries thereof) and other assets relating to an ownership interest in such Capital Stock or Indebtedness.
Non-Wholly Owned Subsidiary means, as to any Person, each Subsidiary of such Person which is not a Wholly-Owned Subsidiary of such Person.
Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.
IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.
German Borrower means (a) any Borrower that is a resident for tax purposes in Germany and (b) any Borrower in respect of which written notice is given to the Administrative Agent (by the Company) prior to that Borrower becoming a Borrower hereunder that such Borrower is resident in Germany for German tax purposes.
Intermediate Holdco means Sunnova Intermediate Holdings, LLC, a Delaware limited liability company.
U.S. Borrower means any Borrower that is a U.S. Person.
Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.