Examples of Qualified Borrower in a sentence
Unless otherwise approved in accordance with the terms of this Credit Agreement (which approval, by such terms, may require more or fewer Lenders than the Required Lenders), each of the Loan Parties shall, and shall cause each Qualified Borrower to, promptly comply with any and all covenants and provisions of this Credit Agreement, the Notes, and all of the other Loan Documents executed by or applicable to it and its Governing Agreements.
The Borrowers shall, or shall cause the applicable Qualified Borrower to, pay such Lender, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.
Each emailed notice by any Borrower pursuant to this Section 2.03(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrowers (and each Loan Notice submitted by a Qualified Borrower must be countersigned by a Responsible USActive 60330059.19 -45- Officer of the Borrowers), unless otherwise agreed by the Administrative Agent.
Administrative Agent may conclusively rely on Lenders as to the amount due to Lenders under any Qualified Borrower Note or Borrower Guaranty.
When a Borrowing is disbursed by wire transfer pursuant to instructions received from the applicable Borrower or applicable Qualified Borrower, then such Borrowing shall be considered made at the time of the transmission of the wire, in accordance with the Loan Notice, rather than the time of receipt thereof by the receiving bank.