Master Borrower definition

Master Borrower means Greenwood Financial, Inc., a Delaware corporation.
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Master Borrower has the meaning defined in the Introductory Paragraph to this Agreement.
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Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. CREDIT AGREEMENT LEGAL_43503785.7 (177) “Master LP Borrowers” means the Borrowers, other than the Lithia Canada Dealers, or a singular Master LP Borrower where the context requires, and shall mean all the Master LP Borrowers jointly and severally. (178) “Master LP Obligors” means the Obligors, other than the Lithia Canada Dealer Obligors. (179) (165) “Material Adverse Change” means,: (a) where used in relation to the affairs of the Master LP Obligors, a change that, in the opinion of the Lenders, has or would reasonably be expected to have a Material Adverse Effect and,, (b) where used in relation to the affairs of the Lithia Canada Dealers, a change that, in the opinion of the Lenders, has or would reasonably be expected to have a Material Adverse Effect, and (c) where used in relation to any other entity, has a similar meaning. (180) (166) “Material Adverse Effect” means: (a) where used in relation to the affairs of the Master LP Obligors, a material adverse effect on (ai) the financial condition of the Master LP Obligors on a combined basis and taken as a whole; (bii) the ability of the Master LP Obligors to observe or perform their obligations under the Loan Documents to which they are a party or the validity or enforceability of such Loan Documents or any material provision thereof; (ciii) the property, business, operations, liabilities or capitalization of the Master LP Obligors on a combined basis and taken as a whole; or (div) the Security Documents, the priority of the Liens granted thereunder or any right or remedy of the Administrative Agent thereunder., and (167) “Master Borrower” means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (b) where used in relation to the affairs of the Lithia Canada Dealers, a material adverse effect on (i) the financial condition of the Lithia Canada Dealers on a combined basis and taken as a whole; (ii) the ability of the Lithia Canada Dealers to observe or perform their obligations under the Loan Documents to which they are a party or the validity or enforceability of such Loan Documents or any material provision thereof; (iii) the property, business, operations, liabilities or capitalization of the Lithia Canada Dealers on a combined basis and taken as a whole; or (iv) the Security Documents (Lithia Canada Dealer), the priority of the Liens granted thereunder or any right or remedy of the Administrative Agent t...
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Examples of Master Borrower in a sentence

  • Capitalized terms used herein but not defined herein shall have the meanings given to them in the credit agreement made as of June 3rd, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among, inter alios, Master Borrower, certain Subsidiaries and Affiliates of Master Borrower, The Bank of Nova Scotia, as Administrative Agent for the Lenders, and the other parties thereto.

  • On each Drawdown Date, Rollover Date or Conversion Date, as applicable, on which a XXXXX Loan is to be made, the Administrative Agent shall advise the Master Borrower as to the Administrative Agent’s determination of the Adjusted Term XXXXX or the Adjusted Daily Compounded XXXXX, as applicable for the XXXXX Loan to be made.

  • LITHIA MASTER GP COMPANY, INC., in its capacity and as general partner of LITHIA MASTER LP COMPANY, LP as Master Borrower By: Name: Title: 1.1(219) - 1 CREDIT AGREEMENT LEGAL_43503785.7 Schedule 1.1(203220) – Revolving Borrowers 1.

  • If Master Xxxxxxxx delivers an Officer’s Certificate in accordance with the provisions of this Agreement or any other Loan Document, Administrative Agent has the right to request details of the calculation of the applicable Financial Covenants referenced therein (consistent with the details provided in connection with a Compliance Certificate) and Master Borrower shall deliver such information to Administrative Agent no later that 10 days after receipt of such request.

  • For greater certainty, the Master Borrower is hereby authorized to deliver Officer’s Certificates on behalf of the Lithia Canada Dealers (including, without limitation, certifying the calculation of the applicable Financial Covenants and other matters on behalf on the Lithia Canada Dealers).

  • The Agent shall provide notice to Master Borrower promptly when all the Lenders have entered into such licensing agreement, at which time, Borrowings by way of Term XXXXX shall be immediately permitted.

  • The Master Borrower hereby represents and warrants that this Certificate presents fairly the Daily Rental Borrowing Base and the amounts set forth herein are in compliance with the provisions of the Credit Agreement.

  • Make any capital expenditures not otherwise permitted under Section 10.2(10) unless Master Xxxxxxxx has delivered to the Administrative Agent an Officer’s Certificate confirming that Master Borrower would be in compliance with the applicable Financial Covenants after giving effect to the capital expenditure.

  • Reference is hereby made to the Credit Agreement made as of June 3, 2022 among, inter alios, the Master Xxxxxxxx, certain Subsidiaries of the Master Borrower , the Lenders and the Administrative Agent (as amended by that First Amendment to Credit Agreement made as of March 18, 2024, the “Original Credit Agreement”, and the Original Credit Agreement, as amended by this Amendment and as may be further restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”).

  • Credit Agreement: Credit agreement dated as of June 3, 2022 among, inter alios, Lithia Master LP Company, LP and the other entities party thereto, as borrowers, The Bank of Nova Scotia, as 2 Master Borrower to be included as party if consent required 3 Select as applicable.


More Definitions of Master Borrower

Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (b) where used in relation to the affairs of the Lithia Canada Dealers, a material adverse effect on (i) the financial condition of the Lithia Canada Dealers on a combined basis and taken as a whole; (ii) the ability of the Lithia Canada Dealers to observe or perform their obligations under the Loan Documents to which they are a party or the validity or enforceability of such Loan Documents or any material provision thereof; (iii) the property, business, operations, liabilities or capitalization of the Lithia Canada Dealers on a combined basis and taken as a whole; or (iv) the Security Documents (Lithia Canada Dealer), the priority of the Liens granted thereunder or any right or remedy of the Administrative Agent thereunder or any right or remedy of the Administrative Agent thereunder. (181) (168) “Material Contract” means any contract or agreement to which a Borrower is a party or by which it is bound, which is material to the business of that Borrower, having regard to its subject matter or the potential consequences of breach or termination (and shall include, without limitation, any OEM Agreement). (182) (169) “Medium Duty Truck” means a medium-duty truck having a gross vehicle weight between 10,001 lbs. and 26,000 lbs. (183) (170) “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event including (i) in the case of a casualty, insurance proceeds and (ii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b)
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Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (152) “Material Contract” means any contract or agreement to which a Borrower is a party or by which it is bound, which is material to the business of that Borrower, having regard to its subject matter or the potential consequences of breach or termination (and shall include, without limitation, any OEM Agreement). (153) “Medium Duty Truck” means a medium-duty truck having a gross vehicle weight between 10,001 lbs. and 26,000 lbs. (154) “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event including (i) in the case of a casualty, insurance proceeds and (ii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all reasonable fees and out-of-pocket expenses paid to third parties (other than Affiliates) in connection with such event, and (ii) the amount of all payments required to be made as a result of such event to repay Debt (other than the Loans) secured by such asset or otherwise subject to mandatory prepayment as a result of such event. (155) “New Leased Unit” means a passenger car, Light Duty Truck, motorcycle or boat from car, motorcycle or boat manufacturers, as applicable, approved by the Administrative Agent, from the current and preceding one model year and with an odometer reading of 24,000
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Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (168) (152) “Material Contract” means any contract or agreement to which a Borrower is a party or by which it is bound, which is material to the business of that Borrower, having regard to its subject matter or the potential consequences of breach or termination (and shall include, without limitation, any OEM Agreement). (169) (153) “Medium Duty Truck” means a medium-duty truck having a gross vehicle weight between 10,001 lbs. and 26,000 lbs.
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Related to Master Borrower

  • Borrower as defined in the preamble hereto.

  • Original Borrower means, as the context requires, any of them;

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

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • DIP Lender means a lender under the DIP Facility.

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

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • Borrower Pledge Agreement means the Pledge Agreement executed and delivered by the Borrower pursuant to Section 5.1.5, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, restated or otherwise modified from time to time.

  • 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.

  • 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).

  • Successor Borrower has the meaning assigned to such term in Section 6.07(a).

  • 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.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

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

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • 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.

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

  • Canadian Borrower as defined in the preamble hereto.