Borrower Group Members definition

Borrower Group Members means, collectively, the Borrower and the Subsidiaries.
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Borrower Group Members means, collectively, the Loan Parties and PROP and “Borrower Group Member” means any of them.
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Borrower Group Members means, collectively and individually as the context may require, Borrower, any subsidiary of Borrower, Pledgor, Guarantor, Sunrise Guarantor and any other guarantor under any guarantee or other credit enhancement delivered in connection with the Loan.
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Examples of Borrower Group Members in a sentence

  • All insurance required to be obtained by the Borrower Group Members pursuant to Section 5.08 has been obtained and is in full force and effect, and all premiums then due and payable on all such insurance have been paid.

  • Unless prohibited by applicable law or court order, each Lender and the Administrative Agent shall notify the Borrower of any request by any Governmental Authority (other than any request in connection with an examination of the financial condition of such Lender) for disclosure of Confidential Information prior to such disclosure; provided further, that in no event shall the Administrative Agent or any Lender be obligated to return any materials furnished by the Borrower Group Members.

  • This Section shall supersede any confidentiality letter or agreement with respect to the Borrower Group Members or the Transaction entered into prior to the date hereof.

  • In the event there are revisions to GAAP that would affect the computation of financial covenants, ratios, or other requirements set forth in the Loan Documents, Borrower agrees to negotiate in good faith to amend such affected provisions to provide substantially the same financial covenants, ratios, or other requirements of the Borrower Group Members as in effect prior to such change to GAAP.

  • Other than as listed in Item 6.7 of the Disclosure Schedule, there is no pending or, to the knowledge of the Borrower, threatened litigation, action, proceeding or controversy affecting the Borrower Group Members, or any of their respective Properties, businesses, assets or revenues which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

  • Borrower will, and will cause the other Borrower Group Members to, take all such action as is necessary to keep the operations of Borrower and its Subsidiaries separate and apart from those of Guarantor and General Partner including, without limitation, ensuring that all customary formalities regarding corporate existence, including holding regular board of directors’ meetings and maintenance of corporate records, are followed.

  • The Borrower will, and will cause the other Borrower Group Members to, conduct all transactions with any of their respective Affiliates upon fair and reasonable terms that are substantially as favorable to the Borrower Group Members as it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate of the Borrower Group Members.

  • The Borrower will, upon request of the Administrative Agent or any Lender, furnish to Administrative Agent information presented in reasonable detail as to the insurance maintained by the Borrower Group Members.

  • The Borrower shall promptly furnish to Administrative Agent copies of all Material Agreements of the Borrower Group Members entered into after the Closing Date.

  • This operation, whose long-lived assets were substantially impaired in 2010, had a history of losses which were projected to continue throughout the business planning period.


More Definitions of Borrower Group Members

Borrower Group Members means, collectively, the Loan Parties and the Project Company. “Borrowing” means each borrowing of Loans hereunder.
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Borrower Group Members the collective reference to the Restricted ---------------------- Group Members and the Unrestricted Group Members.
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Borrower Group Members means, collectively, the Loan Parties and the Project Company.
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Borrower Group Members means (i) individually, each Loan Party, each Expanded Property Owner, each Subsidiary of a Loan Party or an Expanded Property Owner, and each Subsidiary of any such Subsidiary (and any of its Subsidiaries and so on through any chain of ownership through multiple subsidiary chains), and each Affiliate of any Loan Party which owns, directly or indirectly, any interest in any Expanded Property, and (ii) collectively, all of the Persons set forth in clause (i); provided, that the following Persons shall not constitute Borrower Group Members merely as a result of their status as such Persons: (a) shareholders of Holdings, (b) limited partners of Borrower (other than Holdings), (c) Oxnard Factory Outlet Partners, (d) Arizona Factory Shops Partnership, (e) Triple Outlet World Joint Venture, (f) Harborboat Realty, Inc., (g) the Contessa Nxxxx xx Xxxxxxx Fxxxxx, (h) European Outlet Associates LLC and (i) Fine Furniture Direct, Inc.
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Related to Borrower Group Members

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Borrower Parties means the collective reference to the Borrower and the Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Group Member means a member of the Partnership Group.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Parent Borrower as defined in the preamble hereto.

  • Group Members the collective reference to the Borrower and its Subsidiaries.

  • Credit Parties means the Borrower and the Guarantors.

  • Borrower Party Affiliate With respect to a borrower, a mortgagor, a manager of a Mortgaged Property or a restricted mezzanine holder, (a) any other person controlling or controlled by or under common control with such borrower, mortgagor, manager or restricted mezzanine holder, as applicable, (b) any other person owning, directly or indirectly, 25% or more of the beneficial interests in such borrower, mortgagor or manager, as applicable, or (c) any other person owning, directly or indirectly 25% or more of the beneficial interests in such restricted mezzanine holder. For the purposes of this definition, “control” when used with respect to any specified person means the power to direct the management and policies of such person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Borrower as defined in the preamble hereto.

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

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Borrower Party means any one of them.

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Loan Party means any one of them.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Domestic Credit Party means any Credit Party which is incorporated or organized under the laws of any State of the United States or the District of Columbia.

  • The Borrower has advised the Banks that the Borrower is currently working on a revised business plan which will include, among other things, a request to restructure the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions concerning the proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, a May 19, 2000, letter agreement, a June 1, 2000, letter agreement, a June 9, 2000, letter agreement, a June 16, 2000, letter agreement, a June 29, 2000, letter agreement, a July 21, 2000, letter agreement, an August 11, 2000, letter agreement, and a September 8, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to October 13, 2000 (the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from September 29, 2000, to the Waiver Termination Date, and (iii) amend the due date for the payment of principal, interest and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from September 29, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to amend the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date, provided that:

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Canadian Borrower as defined in the preamble hereto.

  • Canadian Subsidiaries means the Subsidiaries organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.