Subsidiary Borrower Designation Letter definition

Subsidiary Borrower Designation Letter means the Subsidiary Borrower Designation Letter entered into by the Company and a wholly-owned Domestic Subsidiary of the Company pursuant to Section 2.19, pursuant to which such Subsidiary shall (subject to the terms and conditions of Section 2.19(b)) be designated as a Subsidiary Borrower, substantially in the form of Exhibit E-1 or any other form approved by the Administrative Agent.
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Subsidiary Borrower Designation Letter means a Subsidiary Borrower Designation Letter, substantially in the form of Exhibit A.
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Subsidiary Borrower Designation Letter being delivered to you pursuant to the above-referenced Credit Agreement. Except as otherwise provided herein, terms defined in the Credit Agreement are used herein as defined therein. By its signature below, the Company hereby designates _________________ (the "New Subsidiary Borrower") as a "Subsidiary Borrower" under the Credit Agreement. By its signature below, the New Subsidiary Borrower hereby agrees to be bound by all of the provisions of the Credit Agreement applicable to it in its capacity as a "Subsidiary Borrower" thereunder. In addition, the New Subsidiary Borrower hereby represents and warrants to the Administrative Agent and the Banks that:
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Examples of Subsidiary Borrower Designation Letter in a sentence

  • Upon such approval and the satisfaction of the conditions specified in paragraph (b) of this Section, the Administrative Agent shall accept the relevant Subsidiary Borrower Designation Letter whereupon the applicable Subsidiary shall become a party to this Agreement as a Subsidiary Borrower and entitled to borrow Revolving Credit Loans and to have Letters of Credit issued and Acceptances created for its own account hereunder.

  • To the extent that such Subsidiary Borrower is a Foreign Borrower, an acceptance from the "Process Agent" under and as defined in such Subsidiary Borrower Designation Letter, duly executed and delivered by such Process Agent.

  • The Subject Subsidiary hereby submits to the exclusive jurisdiction of any New York State court or federal court of the United States of America, in each case sitting in New York County, and any appellate court from any thereof, for the purposes of all legal proceedings arising out of or relating to this Subsidiary Borrower Designation Letter, the Credit Agreement or the transactions contemplated thereby.

  • The designation of the Subject Subsidiary as a Subsidiary Borrower under the Credit Agreement shall become effective as of the date (the “Effective Date”) on which the Administrative Agent accepts this Subsidiary Borrower Designation Letter as provided on the signature pages below.

  • Such documents and certificates as the Administrative Agent or Special Counsel may reasonably request relating to the organization, existence and good standing of the Subsidiary Borrower, the authorization of the Transactions and any other legal matters relating to the Subsidiary Borrower, this Agreement, the Subsidiary Borrower Designation Letter or the Transactions, all in form and substance satisfactory to the Administrative Agent and Special Counsel.

  • A completed Subsidiary Borrower Designation Letter for such Subsidiary Borrower, substantially in the form of Exhibit G hereto, executed by the Company and such Subsidiary Borrower, it being understood that the Majority Banks shall have first consented to the respective Subsidiary of the Company being so designated as a "Subsidiary Borrower" hereunder (provided that it is understood that, effective upon the consummation of the Arrangement, each of Bowater Canadian Holdings Incorporated, Bowater Canada Inc.

  • This Subsidiary Borrower Designation Letter may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement.

  • A completed Subsidiary Borrower Designation Letter, substantially in the form of Exhibit G, executed by the Company and the Subsidiary Borrower.

  • Upon such approval and the satisfaction of the conditions specified in paragraph (b) of this Section, the Administrative Agent shall accept the relevant Subsidiary Borrower Designation Letter whereupon the applicable Subsidiary shall become a party to this Agreement as a Subsidiary Borrower and entitled to borrow Revolving Credit Loans and to have Letters of Credit issued for its own account hereunder.

  • The Subject Subsidiary hereby agrees that this Subsidiary Borrower Designation Letter, the Credit Agreement and the Notes shall be governed by, and construed in accordance with, the law of the State of New York.


More Definitions of Subsidiary Borrower Designation Letter

Subsidiary Borrower Designation Letter means a Subsidiary Borrower Designation Letter substantially in the form of Exhibit G between the Company, the Subsidiary Borrower and the Administrative Agent.
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Subsidiary Borrower Designation Letter being delivered to you pursuant to the above-referenced Credit Agreement. Except as otherwise provided herein, terms defined in the Credit Agreement are used herein as defined therein. By its signature below, the U.S. Borrower hereby designates the undersigned Subsidiary Guarantor as a “Borrower” under the Credit Agreement and the Guarantee and Collateral Agreement. By its signature below, the undersigned Subsidiary Guarantor hereby agrees to be bound by all of the provisions of each of the Credit Agreement and the Guarantee and Collateral Agreement applicable to it in its capacity as a “Borrower” thereunder. In addition, the undersigned Subsidiary Guarantor hereby represents and warrants to the Administrative Agent and the Lenders that:
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Related to Subsidiary Borrower Designation Letter

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Subsidiary Borrowers as defined in the preamble hereto.

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

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • 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.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

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

  • 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 organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Subsidiary Joinder Agreement means a joinder to this Agreement, substantially in the form of Exhibit C.

  • Borrower Joinder Agreement means an agreement in substantially the form of Exhibit I or any other form approved by the Administrative Agent.

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

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Subsidiary Agreement means the agreement referred to in Section I.B of Schedule 2 to this Agreement pursuant to which the Recipient shall make part of the proceeds of the Financing available to the Project Implementing Entity.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Borrowing Subsidiary Termination means a Borrowing Subsidiary Termination substantially in the form of Exhibit F-2.

  • Original Borrower shall have the meaning set forth in the recitals hereto.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • 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.