Permitted Borrower definition

Permitted Borrower. TRANSFEREE shall mean any entity (i) that is experienced in either (a) owning or (b) operating (including acting as asset manager or otherwise directing professional management of) properties similar to the Property, (ii) that either (a) has a net worth together with its Close Affiliates, as of a date no more than six (6) months prior to the date of the transfer of at least $300 Million (exclusive of the Property), immediately prior to such transfer, controls, together with its Close Affiliates real estate equity assets of at least $1 Billion or (b) together with its Close Affiliates owns or has under management or acts as the exclusive fund manager or investment advisor, at the time of the transfer, not fewer than 6 luxury resort hotels (excluding the Property) containing not fewer than 3,000 hotel rooms in the aggregate and (iii) that is not a Disqualified Transferee.

Permitted Borrower. (a) With respect to any Loan in the following Core Currencies:

Permitted Borrower means CAC UK, CAC Canada and/or CAC Ireland.

Examples of Permitted Borrower in a sentence

• The receipt by the Administrative Agent of a Notice of Borrowing, in the case of such Loan, or a Letter of Credit Request, in the case of a Letter of Credit, executed by the Parent and the applicable Borrower (which Borrower shall be a Permitted Borrower with respect to the applicable Currency in which such Loan is to be denominated) or Letter of Credit Applicant making such request.

• Promptly following any such setoff, such Lender shall give written notice to Agent and to Company and the applicable Permitted Borrower of the occurrence thereof.

• Any notice or demand given to the Company hereunder shall be deemed given to each of the Permitted Borrowers, whether or not said notice or demand is addressed to or received by such Permitted Borrower.

• Such loss or expense shall be calculated based upon the present value, as applicable, of payments due from the Company or such Permitted Borrower with respect to a deposit obtained by the Agent or any of the Banks in order to fund such Advance to the Company or to such Permitted Borrower.

• Each Swing Line Advance shall mature and the principal amount thereof shall be due and payable by Company or the applicable Permitted Borrower on the last day of the Interest Period applicable thereto.

More Definitions of Permitted Borrower

Permitted Borrower or "Percentage"; and provided further, however, that no amendment, waiver or consent hereunder shall, unless in writing and signed (x) by the Agent, in addition to all the Lenders, affect the rights or duties of the Agent under this Agreement or any other Loan Document, whether in its capacity as Agent or the issuing bank or (y) by the Swing Line Bank, in addition to all the Lenders, affect the rights or duties of the Swing Line Bank under this Agreement or any other Loan Documents, in its capacity as Swing Line Bank. All references in this Agreement to "Lenders" or "the Lenders" shall refer to all Lenders, unless expressly stated to refer to "Required Lenders."

Permitted Borrower means any of the Target and the other members of the Target Group, except the REC;

Permitted Borrower or "Percentage", and provided further, however, that no amendment, waiver or consent hereunder shall, unless in writing and signed by the Agents in addition to all the Lenders, affect the rights or duties of the Agent under this Agreement or any other Loan Document. All references in this Agreement to "Lenders" or "the Lenders" shall refer to all Lenders, unless expressly stated to refer to Required Lenders.

Permitted Borrower means any of the Target and the other members of the Target Group, except the REC and any other member of the REC Group which is a Borrower under the stand-alone facility referred to in clause 24.5;

Permitted Borrower as defined in the introductory paragraph to this Agreement.

Permitted Borrower. (s)" shall mean Vishay Europe and Vishay Electronic, together with each of Vishay Asia and Siliconix (but solely upon each of Vishay Asia's and Siliconix's compliance with the requirements set forth in Section 2.1 hereof), and any 100% Subsidiary which, after the Effective Date and with the prior written approval of the Lenders, becomes a party hereto pursuant to the requirements of Section 2.1 hereof.

Permitted Borrower or “Percentage”; Section 10.2 or this Section 13.11 and 111 provided further, however, that no amendment, waiver or consent hereunder shall, unless in writing and signed by Swing Line Lender do any of the following: (x) reduce the principal of, or interest on, the Swing Line Note or (y) postpone any date fixed for any payment of principal of, or interest on, the Swing Line Note and provided, further, that no amendment, waiver or consent shall, unless in a writing signed by Agent affect the rights or duties of Agent under this Agreement or any other Loan Document and no amendment, waiver or consent shall, unless in a writing signed by Issuing Lender affect the rights or duties of Issuing Lender under this Agreement or any of the other Loan Documents. All references in this Agreement to “Lenders” or “Lenders” shall refer to all Lenders, unless expressly stated to refer to “Required Lenders” or the like.