Incremental Borrower definition

Incremental Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.
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Incremental Borrower means (i) the Borrower, or (ii) a Person organized in the United States, United Kingdom, Canada, Luxembourg or any other jurisdiction reasonably satisfactory to the Administrative Agent which owns, directly or indirectly, 100% of the capital stock of Holdings and the Borrower.
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Incremental Borrower means KC Sub.
Sample 1

Examples of Incremental Borrower in a sentence

  • This Amendment constitutes a legal, valid and binding obligation of Holdings, each Incremental Borrower and each other Loan Party, enforceable against Holdings, each Incremental Borrower and each other Loan Party in accordance with its terms, except as enforceability may be limited by any Legal Reservations.

  • The Incremental Borrower will use the proceeds of the Incremental Loans for working capital purposes or general corporate purposes, including without limitation, any acquisition, any Investment and any Restricted Payment to the extent not prohibited by this Agreement.

  • Holdings, each Incremental Borrower and each other Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and, in the case of the Incremental Borrowers, to authorize the extensions of credit and, in the case of the Guarantors, the guarantee thereof, on the terms and conditions of this Amendment and the Credit Agreement.

  • On the date which is one Business Day after receipt of Debt Proceeds, each Incremental Borrower shall offer to repay Incremental Loans in an amount equal to such Incremental Lender’s Incremental Percentage of the applicable Term Loan Reduction Amount of such Debt Proceeds allocated to Incremental Loans pursuant to Section 6.2.5(b)(i), in each case in accordance with Section 6.2.5(d).

  • Each Incremental Borrower shall make payments of such Incremental Borrower’s Incremental Loans on the dates and in the amounts set forth in the applicable Supplement.

  • The company has not changed its name during financial year 2017-18.

  • The obligation of the Escrow Agent to fund the Escrowed Amounts to the Incremental Borrower (or to the Person designated by the Incremental Borrower to receive such Escrowed Amounts pursuant to Section 2.21 of the Amended Credit Agreement) on the Aleris Acquisition Closing Date (such date, the “Aleris Incremental Funding Date”) shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 6.

  • Commitments in respect of Incremental Term Loans and Additional Incremental Term Loans shall become Commitments under this Agreement pursuant to an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by Holdings, the Borrower, the Incremental Borrower, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, and the Administrative Agent.

  • If any Incremental Term Loans or Additional Incremental Term Loans are incurred by an Other Incremental Borrower other than the Borrower, the Borrower shall guaranty such Loans pursuant to a guaranty consistent with the form of Guaranty provided on the Closing Date.

  • Any Incremental Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to such Borrower to the Administrative Agent prior to the Closing Date.


More Definitions of Incremental Borrower

Incremental Borrower has the meaning given to such term in the Preamble.
Sample 1

Related to Incremental Borrower

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Incremental Lender means an Incremental Revolving Lender or an Incremental Term Lender.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • 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.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Original Borrower shall have the meaning set forth in the recitals hereto.

  • Canadian Borrower as defined in the preamble hereto.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.