Specified Borrower definition

Specified Borrower means any Borrower that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.16).

Specified Borrower the collective reference to the Company and the Subsidiary Borrowers.

Specified Borrower. , means a borrower having an Aggregate Sanctioned Credit Limit (ASCL) of more than Rs.10,000 crore at any time from April 1, 2019 onwards.

Examples of Specified Borrower in a sentence

• Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower for all purposes of the Commodity Exchange Act.

• The Administrative Agent shall as soon as practicable notify the relevant Specified Borrower and the Banks of each determination of a Eurocurrency Rate.

• Each Specified Borrower hereby further agrees to pay interest on the unpaid principal amount of the Competitive Advance Loans made by any Bank to such Specified Borrower from time to time outstanding from the date thereof until payment in full thereof at the rate per annum, and on the dates, agreed by such Specified Borrower and Bank at the time such Competitive Advance Loan is made.

• Each Bank may elect, in its sole discretion, to offer irrevocably to make one or more Competitive Advance Loans to the Specified Borrower by delivering a Competitive Advance Loan Offer to the Administrative Agent.

• The amounts made available by each Bank will then be made available to such Specified Borrower at the Funding Office, in like funds as received by the Administrative Agent.

More Definitions of Specified Borrower

Specified Borrower has the meaning assigned to such term in Section 6.01.

Specified Borrower means any Borrower that is not then an “eligible contract participant” under the CEA (determined prior to giving effect to Section 14.9).

Specified Borrower means, at any time, any Borrower that is not at such time an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.12(l)).”

Specified Borrower means any Borrower that is not then an “eligible contract participant” under the CEA (determined prior to giving effect to Section 14.9 hereof).

Specified Borrower. , means a borrower having an Aggregate Sanctioned Credit Limit (ASCL) of more than

Specified Borrower shall have the respective meanings assigned thereto in the recitals to the Agreement and any other wholly owned Subsidiary of Hometown (other than a Borrower, a Real Estate Subsidiary or a Non-Recourse Subsidiary) that leases real property from a Real Estate Subsidiary and has issued a Permitted Acquisition Financing Guaranty solely relating to the Permitted Acquisition Financing of such Real Estate Subsidiary.

Specified Borrower means those Borrowers (other than Mortgage -------------------- Borrowers), the Accounts of which the Agent elects not to finance on the terms set forth in Section 7.9.