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Second Borrower definition

Second Borrower has the meaning given to it in Clause 26.17.
Sample 1Sample 2
Second Borrower has the meaning assigned to such term in Section 2.20.
Sample 1
Second Borrower the second borrower under the Second Loan Agreement.
Sample 1

Examples of Second Borrower in a sentence

  • On 27 October 2014, the Lender entered into the Second Loan Agreement with the Second Borrower, pursuant to which the Lender has agreed to provide a loan with principal amount of up to HK$53,000,000 to the Second Borrower in accordance with the terms thereunder.

  • Subject to the Lender’s overriding right of repayment on demand, the Second Borrower shall repay the Second Loan in full in one lump sum together with all interest accrued thereon and all other monies payable under the Second Loan Agreement on the Second Repayment Date.

  • Prior to 27 October 2014, the Lender entered into the Previous Loan Agreements with the Second Borrower and his associate which have been duly repaid in part as at the date of this announcement.

  • The amount of trench open in advance or left open after pipe laying shall be limited to the length that can be backfilled within the same day.

  • The term of the Second Loan shall be for a fixed term of 12 months from the date of actual receipt of the advance by the Second Borrower.

  • On 26 June 2019, the Lender entered into the Second Loan Agreement with the Second Borrower, pursuant to which the Lender agreed to grant the Second Loan in the principal amount of HK$5,000,000 to the Second Borrower from 26 June 2019 to 24 June 2020 at an interest rate of 10% per annum.

  • The First Sale Agreement and the Second Sale Agreement were entered into between the relevant NAS Seller and the Existing Lessor (in its capacity as trustee under the relevant Trust for the benefit of the First Borrower and the Second Borrower respectively) on 2 October 2013.

  • Date : 27 October 2014 Parties : the Lender and the Second Borrower The Second Borrower is an individual, and to the best of the knowledge, information and belief of the Directors and having made all reasonable enquiries, the Second Borrower is an Independent Third Party.

  • Any such intercreditor agreement must be in form and substance reasonably satisfactory to all parties thereto and shall be entered into on the date of consummation of the purchase and sale of Loans of the applicable Second Borrower.

  • Subject to certain conditions as set out in the Second Loan Agreement, including but not limited to (i) the Second Share Mortgage being duly executed by the Second Borrower in favour of the Lender; and (ii) the Lender receiving such collaterals in the form and substance acceptable to the Lender, as may be required by the Lender at its absolute discretion, the Lender shall have absolute discretion as to whether to make available any sum for drawdown under the Second Loan Agreement.


More Definitions of Second Borrower

Second Borrower the borrower under the loan agreements dated 8 February 2010 and 10 May 2010, an Independent Third Party and an associate of the Borrower;
Sample 1
Second Borrower the meaning given in Paragraph D of the Recitals.
Sample 1

Related to Second Borrower

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

  • 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.

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

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

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

  • Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.

  • Canadian Borrower as defined in the preamble hereto.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

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

  • Borrower as defined in the preamble hereto.

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

  • 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.

  • Initial Borrower has the meaning provided in the preamble hereof.

  • means Borrower s forecasted consolidated and consolidating:

  • Parent Borrower as defined in the preamble hereto.

  • Dutch Borrower means any Borrower that is organized under the laws of the Netherlands.

  • UK Borrowers shall have the meaning assigned to such term in the preamble 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.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • 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.

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

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

  • 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:

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

Most Referenced Clauses

Most Referenced Definitions