Permitted Borrower definition

Permitted Borrower. TRANSFEREE shall mean any entity (i) that is experienced in either (a) owning or (b) operating (including acting as asset manager or otherwise directing professional management of) properties similar to the Property, (ii) that either (a) has a net worth together with its Close Affiliates, as of a date no more than six (6) months prior to the date of the transfer of at least $300 Million (exclusive of the Property), immediately prior to such transfer, controls, together with its Close Affiliates real estate equity assets of at least $1 Billion or (b) together with its Close Affiliates owns or has under management or acts as the exclusive fund manager or investment advisor, at the time of the transfer, not fewer than 6 luxury resort hotels (excluding the Property) containing not fewer than 3,000 hotel rooms in the aggregate and (iii) that is not a Disqualified Transferee.

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Permitted Borrower. With respect to any Loan in the following Core Currencies:

Permitted Borrower means CAC UK, CAC Canada and/or CAC Ireland.

Examples of Permitted Borrower in a sentence

If such Bank does not pay such amount forthwith upon Agent's demand therefor, the Agent shall promptly notify Company and Company or the applicable Permitted Borrower shall pay such amount to Agent.
Unless Agent shall have been notified by any Bank prior to the date of any proposed Advance that such Bank does not intend to make available to Agent such Bank's Percentage of such Advance, Agent may assume that such Bank has made such amount available to Agent on such date and in such currency, as aforesaid and may, in reliance upon such assumption, make available to Company or to the applicable Permitted Borrower, as the case may be, a corresponding amount.
For purposes of computing the Company’s severance obligation under his Employment Agreement, ▇▇▇▇▇▇▇▇’▇ unpaid base salary will be determined based on the following annual rates, regardless of his actual base salary for each year: 2023, $300,000; 2024, $337,500; 2025, $378,000; and 2026: $425,000.
Promptly following any such setoff, such Lender shall give written notice to Agent and to Company and the applicable Permitted Borrower of the occurrence thereof.
Such loss or expense shall be calculated based upon the present value, as applicable, of payments due from the Company or such Permitted Borrower with respect to a deposit obtained by the Agent or any of the Banks in order to fund such Advance to the Company or to such Permitted Borrower.

More Definitions of Permitted Borrower

Permitted Borrower or "Percentage"; and provided further, however, that no amendment, waiver or consent hereunder shall, unless in writing and signed (x) by the Agent, in addition to all the Lenders, affect the rights or duties of the Agent under this Agreement or any other Loan Document, whether in its capacity as Agent or the issuing bank or (y) by the Swing Line Bank, in addition to all the Lenders, affect the rights or duties of the Swing Line Bank under this Agreement or any other Loan Documents, in its capacity as Swing Line Bank. All references in this Agreement to "Lenders" or "the Lenders" shall refer to all Lenders, unless expressly stated to refer to "Required Lenders."

Permitted Borrower means any of the Target and the other members of the Target Group, except the REC;

Permitted Borrower as defined in the introductory paragraph to this Agreement.

Permitted Borrower. S SECURITY" means in relation to the Borrower and its Subsidiaries:

Permitted Borrower or "Percentage", and provided further, however, that no amendment, waiver or consent hereunder shall, unless in writing and signed by the Agents in addition to all the Lenders, affect the rights or duties of the Agent under this Agreement or any other Loan Document. All references in this Agreement to "Lenders" or "the Lenders" shall refer to all Lenders, unless expressly stated to refer to Required Lenders.

Permitted Borrower means any of Vishay Europe GmbH, Vishay Electronic GmbH, Pamela Verwatlungesellschaft mbH, Siliconix and any other Subsidiar▇ ▇▇ ▇ishay that may from time to time become a permitted borrower under the Credit Facility.

Permitted Borrower means any of the Target and the other members of the Target Group, except the REC and any other member of the REC Group which is a Borrower under the stand-alone facility referred to in clause 24.5;