Examples of Puerto Rico Borrower in a sentence
Puerto Rico Borrower shall pay to Agent interest on outstanding principal amount of the Puerto Rico Loans at the Interest Rate.
Each Puerto Rico Borrower hereby pledges and assigns to Lender as collateral for the Loan and grants to Lender a security interest in, all of such Puerto Rico Borrower’s rights, interests and estates now owned, or hereafter Confidential Treatment Requested by Retail Value Inc.
Additionally, the United States Borrower unconditionally and irrevocably guarantees the payment of any and all indebtedness of the Puerto Rico Borrower to the Lenders whether or not due or payable by the Puerto Rico Borrower upon the occurrence of any of the events specified in Sections 7.08 and 7.09, and unconditionally and irrevocably promises to pay such indebtedness to the Lenders, or order, on demand, in lawful money of the United States.
Any payment by the Puerto Rico Borrower or other circumstance which operates to toll any statute of limitations as to the Puerto Rico Borrower shall operate to toll the statute of limitations as to the United States Borrower.
It is not necessary for the Agents or the Lenders to inquire into the capacity or powers of the Puerto Rico Borrower or its Subsidiaries or the officers, directors, partners or agents acting or purporting to act on its behalf, and any indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.
The obligations of the United States Borrower hereunder are independent of the obligations of any other guarantor or the Puerto Rico Borrower, and a separate action or actions may be brought and prosecuted against the United States Borrower whether or not action is brought against any other guarantor or the Puerto Rico Borrower and whether or not any other guarantor or the Puerto Rico Borrower be joined in any such action or actions.
The Agents and the Lenders may, in accordance with the Credit Documents, at their election, exercise any other right or remedy the Agents and the Lenders may have against the Puerto Rico Borrower or any other party, without affecting or impairing in any way the liability of the United States Borrower hereunder except to the extent the indebtedness has been paid.
Prior to the transfer by the United States Borrower of any note or negotiable instrument evidencing any indebtedness of the Puerto Rico Borrower to the United States Borrower, the United States Borrower shall xxxx such note or negotiable instrument with a legend that the same is subject to this subordination.
An annuity contract described in Section 403(b) of the Code, excluding after-tax employee contributions.
If any or all of the indebtedness of the Puerto Rico Borrower to the Lenders becomes due and payable hereunder or under such other Credit Documents or Hedging Agreements, the United States Borrower unconditionally promises to pay such indebtedness to the Lenders, or order, on demand, together with any and all expenses which may be incurred by the Agents or the Lenders in collecting any of the indebtedness.