Successor Parent Borrower definition

Successor Parent Borrower has the meaning specified in Section 7.04(d).

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Successor Parent Borrower shall have the meaning provided in Section 10.3(a).

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

Examples of Successor Parent Borrower in a sentence

• Upon execution and delivery by the Administrative Agent and a Restricted Subsidiary or Successor Parent Borrower of a Security Agreement Supplement, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein.

• From and after the effectiveness of the Permitted Holdings Amalgamation (x) all references to the Parent Borrower in any Loan Document shall refer to the Successor Parent Borrower and (y) all references to Holdings in any Loan Document shall refer to Successor Holdings.

• A set of the copies of this Joinder Agreement signed by all the parties shall be delivered to the Successor Parent Borrower and the Administrative Agent.

• The Successor Parent Borrower reaffirms, as of the effectiveness of this Joinder Agreement, its obligations under the Loan Documents to which it is party.

• At all times from and after the Effective Date, all references to the “Parent Borrower” in the Credit Agreement or any of the other Loan Documents and any and all certificates and other documents executed by the Predecessor Parent Borrower in connection therewith shall be deemed to refer to the Successor Parent Borrower.

• Reference is made to the Eighth Amended and Restated Credit Agreement dated as of July 25, 2022 (as amended, restated, or otherwise modified from time to time, the “Credit Agreement”), among the Successor Parent Borrower (as successor to Core Laboratories N.V., a Netherlands limited liability company (the “Predecessor Parent Borrower”)), Core Laboratories (U.S.) Interests Holdings, Inc., a Texas corporation (the “US Borrower”), the Lenders, the Administrative Agent, and the Collateral Agent.

• This Agreement shall be deemed to have become effective as of the date hereof, but such effectiveness shall be subject to the Administrative Agent’s and Collateral Agent’s receipt of an executed counterpart of this Agreement duly executed and delivered by the Successor Parent Borrower.

• The Successor Parent Borrower hereby ratifies and reaffirms the validity of the Credit Agreement and such other Loan Documents and all of its obligations and liabilities (including the Obligations) arising thereunder.

• This Agreement shall be binding upon and inure to the benefit of the Successor Parent Borrower and its permitted successors and assigns, and the Administrative Agent, Collateral Agent, and the Lenders and their respective successors and permitted assigns.

• From and after the date hereof, all references to the term “Parent” in the Credit Agreement or any other Loan Document shall be deemed to be a reference to, and shall include, the Successor Parent Borrower.

More Definitions of Successor Parent Borrower

Successor Parent Borrower shall have the meaning assigned to such term in the definition of “Permitted Holdings Amalgamation”.

Successor Parent Borrower as defined in Section 6.4(g).

Successor Parent Borrower has the meaning specified in Section 7.04(d). “Supermajority Required Lenders” means at any time, the holders of more than 66.67% of the Total Revolving Credit Commitments then in effect or, if the Revolving Credit Commitments have been terminated, the Total Revolving Credit Exposure; provided that the Revolving Credit Exposure and Revolving Credit Commitment of any Defaulting Lender shall be disregarded in making any determination under this definition. In the event that there are (x) less than three (3) unaffiliated Lenders party to the Loan Documents, the Supermajority Required Lenders shall be all Lenders or (y) three (3) or more unaffiliated Lenders party to the Loan Documents, the Supermajority Required Lenders shall include each Lender, if, and only if, at the time of any relevant amendment, consent waiver or other modification (1) Specified Availability has been less than the greater of (a) 15.0% of the Line Cap and (b) $15,000,000 for a period of five (5) consecutive Business days and (2) such Lender’s Revolving Credit Commitment at such time is greater than 65% of its Revolving Credit Commitment as of the Closing Date. “Supported QFC” has the meaning specified in Section 10.22. “Swap” means any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any -64

Successor Parent Borrower. (a) has the meaning assigned to such term in ‎Section 6.07(a) and/or (b) any Person appointed by the Parent Borrower as a “Successor Parent Borrower” pursuant to a Permitted Reorganization, provided that such “Successor Parent Borrower” shall (x) be an entity organized or existing under the laws of the U.S., any state thereof or the District of Columbia and (y) in the case of this clause (b), such “Successor Parent Borrower” expressly assumes the Obligations of the Parent Borrower in a manner reasonably satisfactory to the Administrative Agent and subject to the following conditions:

Successor Parent Borrower has the meaning specified in Section 7.04(d). “Supported QFC” has the meaning specified in Section 10.22.

Successor Parent Borrower has the meaning specified in Section 7.03(4). “Supplemental Administrative Agent” and “Supplemental Administrative Agents” have the meanings specified in Section 9.15(1).