Term Borrower definition

Term Borrower shall have the meaning assigned to that term in the introduction to this Agreement.

Term Borrower means the Parent Borrower in its capacity as the borrower under the Term Credit Agreement.

Term Borrower shall have the meaning set forth in the recitals hereto.

Examples of Term Borrower in a sentence

• If no specific designation of interest is made at the time any advance is requested hereunder or at the end of any Fixed Rate Term, Borrower shall be deemed to have made a Prime Rate interest selection for such advance or the principal amount to which such Fixed Rate Term applied.

• At such time as Borrower requests an advance hereunder or wishes to select a LIBOR option for all or a portion of the outstanding principal balance hereof, and at the end of each Fixed Rate Term, Borrower shall give Bank notice specifying: (i) the interest rate option selected by Borrower; (ii) the principal amount subject thereto; and (iii) for each LIBOR selection, the length of the applicable Fixed Rate Term.

• At such time as Borrower requests an advance hereunder or wishes to select a LIBOR option for all or a portion of the outstanding principal balance hereof, and at the end of each Fixed Rate Term, Borrower shall give Bank notice specifying: (a) the interest rate option selected by Borrower; (b) the principal amount subject thereto; and (c) for each LIBOR selection, the length of the applicable Fixed Rate Term.

• During the Term, Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof.

• If no specific designation of interest is made at the time any advance is requested hereunder or at the end of any Fixed Rate Term, Borrower shall be deemed to have made a Daily One Month LIBOR Rate interest selection for such advance or the principal amount to which such Fixed Rate Term applied.

More Definitions of Term Borrower

Term Borrower as defined in the recitals hereto.

Term Borrower means, with respect to a Term Loan, the Co-Borrower designated as the “Term Borrower” in the applicable Term Loan Supplement.

Term Borrower means the Company in its capacity as borrower under the Term Credit Agreement, together with its successors and assigns.

Term Borrower shall have the meaning assigned to that term in the recitals to this Agreement.

Term Borrower has the meaning set forth in the preamble hereto.

Term Borrower means (A) on the Closing Date, the Lead Borrower and (b) after the Closing Date, in addition to the Lead Borrower, subject to the consent of the Administrative Agent, and subject to the Administrative Agent’s and the applicable Term Lender’s satisfactory receipt of documentation or other information as required by regulatory authorities under applicable “know your customer” rules and regulations, one or more additional subsidiaries of the Lead Borrower organized in one or more different jurisdictions to be determined and approved by the Administrative Agent and as designated by the Lead Borrower as a “Term Borrower” hereunder, in each case, after such additional Term Borrower has executed and delivered to the Administrative Agent a Borrower Joinder Agreement and the delivery of customary corporate (and, if appropriate, shareholder) resolutions, officer certificates (and, if appropriate, solvency certificates) and legal opinions addressed to the Administrative Agent and the other Secured Parties of counsel for the Loan Parties (or, if applicable, in the relevant jurisdictions, counsel for the Secured Parties) reasonably acceptable to the Administrative Agent as to such matters as the Administrative Agent may reasonably request and such other instruments and documents as the Administrative Agent may reasonably request in connection with such Borrower Joinder Agreement (collectively, the “Additional Term Borrowers”).

Term Borrower means Pulse Denmark.