Released Borrower definition

Released Borrower is defined in clause (b) of Section 11.18.
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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.
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Released Borrower has the meaning specified in Section 9.13(c).
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Examples of Released Borrower in a sentence

  • Pursuant to that certain Consent Agreement dated January 14, 2021, by and among Borrower, Lender, and Released Borrower, Released Borrower was released by Lender from its Obligations under the Business Financing Agreement and the other Loan Documents.

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

  • Pursuant to that certain Consent Agreement dated January 14, 2021, by and among Xxxxxxxx, Lender, and Released Borrower, Released Borrower was released by Lender from its Obligations under the Business Financing Agreement and the other Loan Documents.

  • 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.

  • The Administrative Agent hereby releases, on behalf of itself and the Lenders, the Released Borrower from all Obligations under the Credit Agreement, the Notes and any other Loan Documents, such release including, without limitation, any pledge of the Equity Interests of the Released Borrower pursuant to the Security Agreement; provided that such release shall be without any recourse, representation, or warranty whatsoever.

  • 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 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.

  • Each of Schedules 2, 5, 6, 10, 13, 16 and 23 of the Master Agreement is hereby amended to remove references to the Released Borrower and the Released Properties, as applicable.

  • Upon such removal, the Administrative Agent shall promptly give the Lenders notice thereof and shall, upon the request of a Borrower and at the Borrowers’ expense, promptly release such Released Borrower from each of the applicable Loan Documents.

  • Each Lender Party covenants not to sxx any of the Released Borrower Parties with respect to the Released Borrower Liabilities.


More Definitions of Released Borrower

Released Borrower has the meaning assigned to such term in the Sixth Amendment.
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Released Borrower. [Insert Signature Block for Released Borrower “REMAINING BORROWERS”[Insert Signature Block for Remaining Borrowers] “GUARANTOR”KBSGI REIT PROPERTIES, LLC,a Delaware limited liability company By: KBS GROWTH & INCOME LIMITED PARTNERSHIP, a Delaware limited partnership, its sole member By: KBS GROWTH & INCOME REIT, INC., a Maryland corporation, its general partner By:_________________________________ Name: ______________________________ Title: _______________________________
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Released Borrower is defined in Section 11.25. “Released Pledgor” is defined in Section 11.25.
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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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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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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.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Canadian Borrower as defined in the preamble hereto.

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

  • 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 specified in the preamble hereto.

  • Parent Borrower as defined in the preamble hereto.

  • Foreign Subsidiary Borrower means each Borrower that is a Foreign Subsidiary.

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

  • 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.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.