Successor Borrowers definition

Successor Borrowers has the meaning set forth in Section 11.3.
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Examples of Successor Borrowers in a sentence

  • The Borrowers shall pay Ten and No/100 Dollars ($10.00) to the Successor Borrowers as consideration for assuming such Borrowers obligations.

  • The Successor Borrowers shall assume the obligations of the Borrowers under the Notes and the Security Agreement and the Borrowers shall be relieved of their obligations hereunder and thereunder.

  • The Successor Borrowers shall assume the obligations of the Borrowers under the Note and the Security Agreement and the Borrowers shall be relieved of its obligations hereunder and thereunder.

  • For the avoidance of doubt, the fees payable under this Section 2.09(e) shall only be due and payable upon the first assumption by a Successor Borrower pursuant to Section 6.03(vii) and shall not be payable in connection with any subsequent assumptions by subsequent Successor Borrowers.

  • The Borrowers shall pay Ten and No/100 Dollars ($10.00) to the Successor Borrowers as consideration for assuming such Borrowers’ obligations.

  • The applicable Borrowers shall pay Ten and No/100 Dollars ($10.00) to the Successor Borrowers as consideration for assuming such Borrowers obligations.

  • The Successor Borrowers shall assume the obligations of the Borrowers under the Notes, the other Loan Documents and the Security Agreement and the Borrowers shall be relieved of their obligations hereunder and thereunder.

  • Such Successor Borrower(s) shall assume the obligations under the Note or the Defeased Note, as applicable, and the Security Agreement and the applicable Borrowers shall be relieved of its obligations under such documents.

  • Any and all losses, expenses and costs of any nature or kind whatsoever that may be paid or incurred by the Lender or Servicer as a result of the Successor Borrower's failure to maintain its good standing and legal existence are specifically included within the Secured Obligations for which the Securities and any proceeds thereof are pledged.

  • The Successor Borrowers agree to reimburse the Administrative Agent for the reasonable and documented out-of-pocket expenses incurred by it in connection with this Agreement, including the reasonable and documented fees, charges and disbursements of Xxxxx & Xxx Xxxxx PLLC, counsel for the Administrative Agent.

Related to Successor Borrowers

  • Successor Borrower has the meaning assigned to such term in Section 6.07(a).

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

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Subsidiary Borrowers as defined in the preamble hereto.

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

  • 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.

  • Successor Guarantor shall have the meaning specified in Section 11.02(a).

  • 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”.

  • 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.

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

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

  • Designated Lender shall have the meaning set forth in Section 16.2(b) 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.

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

  • Successor in Interest of Borrower means any party that has taken title to the Property, whether or not that party has assumed Borrower’s obligations under the Note and/or this Security Instrument.

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

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

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • 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.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Eligible Borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • 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.

  • Approved Lender is defined in Section 12.1.

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