Released Borrower definition

Released Borrower is defined in clause (b) of Section 11.18.
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Released Borrower has the meaning specified in Section 9.13(c).
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Released Borrower means Gaz de Brazil Inc., a company incorporated and existing under the laws of the Xxxxxxxx Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, The Xxxxxxxx Islands;
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Examples of Released Borrower in a sentence

  • Released Borrower has been released by Lender from certain obligations under the Note and Original Loan Agreement pursuant to the Amendment.

  • For the full year 2013, excluding employee severance charges in the first and second quarters of 2013 and charges recorded in connection with the PostRock Litigation in the fourth quarter of 2013, which are “non-recurring items,” operating costs averaged $24.69 per BOE, which is down 4% compared to operating costs for continuing operations in full year 2012.

  • The parties acknowledge and agree that notwithstanding the release of the Released Borrower Parties contemplated by this Agreement, all of the Loan Documents will remain in full force and effect.

  • On the occurrence of such event, the Lender will have the right to unilaterally reinstate the obligations of the Borrower under the Loan Documents and abrogate the release of the Released Borrower Parties by service of written notice to the Borrower.

  • The release accorded to the Released Borrower Parties by paragraph 2 of this Agreement will be void ab initio and will be of no force or effect if any one or more of the events described in paragraphs 4.1 through 4.3 of this Agreement occurs.

  • Administrative Agent hereby confirms the release of the Released Borrowers from their obligations under the Loan Documents, excepting, however, any obligations of any Released Borrower under the Hazardous Materials Indemnity Agreement, originally executed by, or joined in by, Borrowers in connection with the Loan.

  • Lender releases and terminates the obligations of Borrower pursuant to each Released Borrower Confirmation.

  • Upon delivery of this certificate and a certificate of the Released Borrower in accordance with clause (b)(v) of Section 11.18 of the Credit Agreement, [each/the] Released Borrower shall be released of all obligations as a Borrower under the Credit Agreement (except such obligations which survive such release pursuant to Section 11.5 of the Credit Agreement).

  • Released Borrower specifically agrees that any attempt to assert a claim barred hereby shall subject them to the provisions of applicable law setting forth remedies for the bringing of groundless, frivolous or baseless claims or causes of action.

  • The release provided in this Section 6.1 relates only to Released Borrower and Released Guarantor and shall not be deemed to constitute an agreement by Agent to release any other Borrower from any of its obligations under the Loan Agreement.


More Definitions of Released Borrower

Released Borrower means any Borrower whose Capital Securities are involved in an Asset Swap or Disposed of, or are the subject of a Restricted Payment, in each case pursuant to the terms of this Agreement.
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Released Borrower means any Initial Borrower or Replacement Borrower that has ceased to be a Borrower in accordance with Section 2.20 or 2.22.
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Released Borrower has the meaning assigned to such term in the Sixth Amendment.
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Related to Released Borrower

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Borrower as defined in the preamble hereto.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Original Borrower means, as the context requires, any of them;

  • Canadian Borrower as defined in the preamble hereto.

  • Subsidiary Borrower any Subsidiary of the Borrower that becomes a party hereto pursuant to Section 10.1(c)(i) until such time as such Subsidiary Borrower is removed as a party hereto pursuant to Section 10.1(c)(ii).

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that:

  • Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Initial Borrower has the meaning set forth in the preamble hereto.

  • Parent Borrower as defined in the preamble hereto.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

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

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.