PR Borrower definition

PR Borrower has the meaning specified in the introductory paragraph to this Agreement.

PR Borrower means Puerto Ricancars Fleet, LLC, a Puerto Rican special purpose limited liability company established under the laws of the Commonwealth of Puerto Rico.

PR Borrower and “PR Borrowers” each has the meaning specified in the introductory paragraph hereto.

Examples of PR Borrower in a sentence

• Neither the PR Borrower nor the Luxco Borrower will book the Loans made to such Borrower through a US branch within the meaning of Treas.

• Each of Borrower and PR Borrower hereby promises to pay to Administrative Agent for the account of each Lender the entire outstanding principal amount of such Lender's Revolving Credit Loans made to Borrower or PR Borrower, as the case may be, and each Revolving Credit Loan shall mature, on the Revolving Credit Commitment Termination Date.

• The obligations of the Guarantors under this Section 6 shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of Borrower and/or PR Borrower, as applicable, in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise.

• The payment of any amounts due with respect to any indebtedness of Borrower, PR Borrower or any other Guarantor now or hereafter owing to any Guarantor by reason of any payment by such Guarantor under the Guarantee in this Section 6 is hereby subordinated to the prior indefeasible payment in full in cash of the Guaranteed Obligations.

• In the event that Borrower or PR Borrower fails to select the Type of Loan, or the duration of any Interest Period for any LIBOR Loan, within the time period and otherwise as provided in this Section 4.05, such Loan (if outstanding as a LIBOR Loan) will be automatically Converted into an ABR Loan on the last day of the then current Interest Period for such Loan or (if outstanding as an ABR Loan) will remain as, or (if not then outstanding) will be made as, an ABR Loan.

More Definitions of PR Borrower

PR Borrower has the meaning set forth in the preamble to this Agreement.

PR Borrower means Centennial Puerto Rico Operations Corp., a Delaware corporation, and PRP, as its successor on and after the date on which the PRP Transaction is consummated.

PR Borrower has the meaning assigned to such term in the first paragraph of this Agreement and any permitted successor thereto.

PR Borrower means (1) prior to the consummation of the Lambda Reorganization is in accordance with Section 9.03(c), Initial PR Borrower, and (2) after the consummation of the Lambda Reorganization in accordance with Section 9.03(c), each of Initial PR Borrower and Lambda Operating Corp.

PR Borrower. Guarantor" or "Obligor" under the Credit Agreement or any Security Document. Each of the Credit Agreement and the Security Agreement shall remain in full force and effect, until (as applicable) and except to any extent modified hereby or by the Effectiveness Agreement or in connection herewith or therewith.

PR Borrower means Centennial Puerto Rico Operations Corp., a Delaware corporation.

PR Borrower means Patheon Puerto Rico, Inc., a Puerto Rican corporation.