Borrowing Group means: (a) Borrowers, (b) any Affiliate or Subsidiary of Borrowers, (c) any Guarantor, (d) the owner of any collateral securing any part of the Obligations (including the Collateral), and (e) any officer, director or agent acting on behalf of any of the parties referred to in items (a) through (d) with respect to the Obligations, this Agreement or any of the other Loan Documents.

Borrowing Group means: (i) Borrower, (ii) any direct or indirect parent of Borrower, (iii) any affiliate or subsidiary of Borrower, (iv) any Third Party Obligor (as defined below), and (v) any officer, director or agent acting on behalf of any of the parties referred to in items (i) through and including (iv) with respect to the obligations hereunder, this Agreement or any of the other Loan Documents. “Sanctioned Target” means any target of Sanctions, including (i) persons on any list of targets identified or designated pursuant to any Sanctions, (ii) persons, countries, or territories that are the target of any territorial or country-based Sanctions program, (iii) persons that are a target of Sanctions due to their ownership or control by any Sanctioned Target(s), or (iv) persons otherwise a target of Sanctions, including vessels and aircraft, that are designated under any Sanctions program.

Borrowing Group means the Borrowers and all of their respective Subsidiaries.

Examples of Borrowing Group in a sentence

Use, or permit any member of the Borrowing Group to use, any of the proceeds of any credit extended hereunder except for the purposes stated in Article I hereof, or directly or indirectly use any such proceeds to fund, finance or facilitate any activities, business or transactions: (i) that are prohibited by Sanctions; (ii) that would be prohibited by Sanctions if conducted by Bank or any of Bank’s affiliates; or (iii) that would be prohibited by any Anti-Money Laundering Laws or Anti-Corruption Laws.
As used herein: “Anti-Corruption Laws” means: (i) the U.S. Foreign Corrupt Practices Act of 1977, as amended; (ii) the U.K. Bribery Act 2010, as amended; and (iii) any other anti-bribery or anti-corruption laws, regulations or ordinances in any jurisdiction in which the Borrower or any member of the Borrowing Group is located or doing business.
The key point for Borrowers is which companies to include in the Borrowing Group and how to structure the Group’s affairs.
Ziggo Sport Totaal will not be contributed into the Borrowing Group.
The limit meant in this provision is calculated on all facilities given to each debtor or project, both individual debtor as well as Borrowing Group in the case of Credits and other fund provisions used for the financing of the same project.

More Definitions of Borrowing Group

Borrowing Group means, collectively, Borrower and the Guarantors.

Borrowing Group. Individually and collectively: (a) the Borrower, (b) any Affiliate (including any Portfolio Company) or subsidiary of Borrower and (c) any officer, director or other person or entity acting on behalf of the Borrower or any Affiliate (including any Portfolio Company) or subsidiary of the Borrower with respect to the Advances or this Agreement.

Borrowing Group. EBC, ECM, and the Borrower.

Borrowing Group means: (a) the Borrower (b) any Affiliate or Subsidiary of the Borrower, (c) any guarantor, (d) the owner of any collateral securing any part of the credit (including the Collateral), any guaranty (including the Guaranties), or this Agreement, and (d) any officer, director or agent acting on behalf of any of the parties referred to in items (a) through (c) with respect to the credit, this Agreement or any of the other Loan Documents. “Business Day” means any day except a Saturday, Sunday or other day on which national banks are authorized by law to close including, without limitation, United States federal government holidays. “Capitalized Lease” means any lease obligation for Rentals with respect to which is required to be capitalized on the balance sheet of the lessee in accordance with GAAP.

Borrowing Group means, as the context indicates, the US Borrowers taken as a whole and/or the Foreign Borrowers taken as a whole.

Borrowing Group means, collectively, each Borrower and West Marine Canada.