Primary Revolving Borrower definition

Primary Revolving Borrower means any of (a) the Company, (b) the Singapore Revolving Borrowers, (c) Pulse Denmark, Technitrol Delaware, Inc., a Delaware corporation, Pulse Electronics, Inc. (formerly known as Pulse Engineering, Inc.), a Delaware corporation, AMI Doduco, Inc., a Pennsylvania corporation, Pulse Electronics GmbH (formerly known as AMI Doduco Holding GmbH), a company organized under the laws of Germany, and Pulse Nederland B.V., a company incorporated or established in The Netherlands, and (d) any other Subsidiary that has become a Primary Revolving Borrower as provided in Section 2.16.
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Primary Revolving Borrower means any of (a) the Company, (b) the Singapore Revolving Borrowers, (c) Pulse Denmark, Sonion, Technitrol Delaware, Inc., a Delaware corporation, Pulse Engineering, Inc., a Delaware corporation, AMI Doduco, Inc., a Pennsylvania corporation, AMI Doduco Holding GmbH, a company organized under the laws of Germany, Pulse GmbH & Co. KG, a partnership organized under the laws of Germany, Pulse Powertrain GmbH & Co. KG, a partnership organized under the laws of Germany, AMI Doduco Nederland BV, a company organized under the laws of the Netherlands, and Pulse Nederland BV, a company organized under the laws of the Netherlands, and (d) any other Subsidiary that has become a Primary Revolving Borrower as provided in Section 2.17.
Sample 1
Primary Revolving Borrower means each of the Company and each other Domestic Subsidiary designated a “Primary Revolving Borrower” pursuant to Section 7.12 and that has executed a Joinder Agreement.
Sample 1

Examples of Primary Revolving Borrower in a sentence

  • Upon delivery of such Borrower Joinder Agreement, together with such supporting resolutions, incumbency certificates, opinions of counsel and other documents or information as may be reasonably requested by the Administrative Agent, and receipt of such prior written consent of the Lenders, such Subsidiary shall for all purposes of this Agreement and the other Loan Documents be a Primary Revolving Borrower or a Singapore Revolving Borrower, as the case may be, and a party to this Agreement.

  • Each Primary Revolving Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude any Primary Revolving Borrower from pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.

  • If, for any reason, any Primary Revolving Borrower or Singapore Revolving Borrower is prohibited by any Law from making any required payment hereunder denominated in an Alternative Currency, such Borrower shall make such payment by paying Dollars in an amount equal to the Dollar Equivalent of such Alternative Currency payment.

  • Each Lender and each Primary Revolving Borrower agree that, in paying any drawing under a Letter of Credit, no L/C Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.

  • Each request by the Company for the issuance or amendment of a Letter of Credit for the account of any Primary Revolving Borrower shall be deemed to be a representation by the Company and such Primary Revolving Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.

  • If such Primary Revolving Borrower fails so to reimburse such L/C Issuer for such L/C Disbursement, such L/C Issuer shall promptly notify the Administrative Agent thereof, and, upon receipt of such notice, the Administrative Agent shall promptly notify each Primary Revolving Lender of the Honor Date of such L/C disbursement, the unreimbursed amount and currency thereof (the “Unreimbursed Amount”) and the amount of such Lender’s Applicable Primary Revolving Percentage of the Unreimbursed Amount.

  • The Company and each other Primary Revolving Borrower shall be conclusively deemed to have waived any such claim against the applicable L/C Issuer and its correspondents unless such notice is given as aforesaid.

  • Each Primary Revolving Borrower hereby grants to the Administrative Agent, for the benefit of the Primary Revolving Lenders and the L/C Issuers as set forth in the preceding sentence and in clause (iii) below, a security interest in all Cash Collateral provided by such Primary Revolving Borrower.

  • Each Primary Revolving Borrower hereby grants to each L/C Issuer, in respect of any Extended Letter of Credit issued by such L/C Issuer, a security interest in all Designated Cash Collateral for such Extended Letter of Credit provided by such Primary Revolving Borrower.

  • If such Primary Revolving Borrower fails so to reimburse such L/C Issuer for such L/C Disbursement, such L/C Issuer shall promptly notify the Administrative Agent thereof, and, upon receipt of such notice, the Administrative Agent shall promptly notify each Primary Revolving Lender of the Honor Date of such L/C disbursement, the unreimbursed amount and currency thereof (the "Unreimbursed Amount") and the amount of such Lender's Applicable Primary Revolving Percentage of the Unreimbursed Amount.

Related to Primary Revolving Borrower

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Purchasing Borrower Party means any of the Borrower or any Restricted Subsidiary.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.