Initial Subsidiary Borrower definition

Initial Subsidiary Borrower means ArvinMeritor Finance Ireland, a private unlimited liability company incorporated under the laws of Ireland, together with its permitted successors and assigns, including a debtor-in-possession (or entity of analogous status under applicable foreign law) on behalf of the Initial Subsidiary Borrower.
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Initial Subsidiary Borrower means Xxxxx Advertising of Puerto Rico, Inc., a corporation organized under the laws of Puerto Rico and a wholly-owned subsidiary of the Company.
Sample 1Sample 2
Initial Subsidiary Borrower means Analog Devices Technology, a company incorporated under the laws of the Republic of Ireland, a Bermuda tax resident as of the Restatement Effective Date, and a Wholly Owned Subsidiary of the Borrower.
Sample 1

Examples of Initial Subsidiary Borrower in a sentence

  • Certified copies of written resolutions of all the shareholders of each UK Loan Party and each other Initial Subsidiary Borrower authorizing or ratifying the execution, delivery and performance by such UK Loan Party or such Initial Subsidiary Borrower of each Loan Document to which it is a party.

  • Certified copies of the constitutional documents of each Initial Subsidiary Borrower.

  • The Administrative Agent shall have executed the Restatement Agreement and shall have received executed counterparts to the Restatement Agreement from each of the Company, the Initial Subsidiary Borrower and the Subsidiary Guarantors and the Required Lenders.

  • Subject to the terms and conditions set forth herein and in the Credit Agreement, each Series D Incremental Lender agrees to make Series D Incremental Loans to the Initial Subsidiary Borrower, in an aggregate principal amount equal to such Series D Incremental Lender’s Series D Incremental Commitment.

  • The Administrative Agent (or Special Counsel) shall have received such documents and certificates as the Administrative Agent or Special Counsel may reasonably request relating to the organization, existence and good standing of the Initial Subsidiary Borrower, the authorization of the Borrowings hereunder and any other legal matters relating to the Initial Subsidiary Borrower or this Agreement, all in form and substance reasonably satisfactory to the Administrative Agent.

  • In addition to the Initial Subsidiary Borrower, the Company may designate a Wholly Owned Subsidiary of the Company organized under the laws of Puerto Rico, Canada (or a Province thereof), Mexico or any other non-U.S. jurisdiction designated by the Borrower as an “Additional Subsidiary Borrower” hereunder (herein, an “Additional Subsidiary Borrower”).

  • This opinion letter is provided to you by us as special Puerto Rico counsel to the Initial Subsidiary Borrower pursuant to clause (b)(i) of Article IV of the Series D Incremental Loan Agreement and may not be relied upon by any other person or for any purpose other than in connection with the transactions contemplated by the Credit Documents without our prior written consent in each instance.

  • The execution, delivery and performance by the Initial Subsidiary Borrower of the Subsidiary Borrower Designation Letter and the Series D Incremental Loan Agreement have been duly authorized by all necessary corporate or other action on the part of the Initial Subsidiary Borrower.

  • Each of the Company, the Initial Subsidiary Borrower, Holdings and the Subsidiary Guarantors confirms its obligations under the Pledge Agreement and the Holdings Guaranty and Pledge Agreement, as applicable, and each of the Company and the Subsidiary Guarantors hereby confirms its obligations under Article III of the Credit Agreement.

  • Xxxxxxx Title: Vice President BORROWERS: Immediately prior to the consummation of the Merger, as the Initial Subsidiary Borrower: PIV MERGER SUB, INC., a Delaware corporation By: /s/ Xxxxxxx X.


More Definitions of Initial Subsidiary Borrower

Initial Subsidiary Borrower shall have the meaning set forth in the Recitals.
Sample 1
Initial Subsidiary Borrower has the meaning specified in the recital of parties to this Agreement.
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Related to Initial Subsidiary Borrower

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

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

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • 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.

  • Borrowing Subsidiary means, at any time, any Subsidiary of the Company designated as a Borrowing Subsidiary by the Company pursuant to Section 2.19 that has not ceased to be a Borrowing Subsidiary pursuant to such Section or Article 7.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Foreign Borrower has the meaning specified in the introductory paragraph hereto.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

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

  • Canadian Borrower as defined in the preamble hereto.

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

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • Domestic Credit Party means any Credit Party which is incorporated or organized under the laws of any State of the United States or the District of Columbia.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

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

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Domestic Loan Parties means the Domestic Guarantors.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Initial Borrower has the meaning set forth in the preamble hereto.

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

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

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.