Assets of the Borrower Sample Clauses

Assets of the Borrower except as permitted by the Financing Documents, the Borrower ceases to be the sole lawful and beneficial owner of, and having good title to, any material part of its assets, and such assets or part thereof, are not re-acquired or replaced in a manner satisfactory to the Lenders within fifteen (15) days of such cessation;
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Assets of the Borrower. Each of the Borrower and its Subsidiaries has good and marketable title in fee simple to, or valid and subsisting leasehold interests in, all its real property, and good and marketable title to all of its other Properties, free and clear of Liens (other than Permitted Liens).
Assets of the Borrower. Cause 51% or more of the Guarantor's Consolidated total assets, as at the end of each fiscal quarter, to be owned by the Borrower and Subsidiaries of the Borrower.
Assets of the Borrower. The Borrower and each of its Subsidiaries owns all properties and assets it purports to own, free and clear of all Liens (except Permitted Liens), except to the extent the Borrower’s or any Subsidiary’s failure to own any such properties or assets would not have a material adverse effect on the business, prospects, assets, financial condition, operations, liabilities or capitalization of the Borrower and its Subsidiaries taken as a whole.
Assets of the Borrower. The Borrower shall not own beneficially or of record any material assets other than the capital stock of its Subsidiaries (and the assets represented by the ownership of such capital stock)."
Assets of the Borrower. The Borrower shall not own any Patents or be the sole licensor under any Intellectual Property License.
Assets of the Borrower. Except as set forth in Schedule 3.15 hereto, the Borrower owns no material assets other than the Real Estate Collateral and personal property related thereto.
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Assets of the Borrower in the case of the Borrower only and in respect of itself only, that its assets comprise solely (a) the shares which it owns directly in PMG; (b) the limited partnership interests which it owns in the direct and indirect subsidiaries of PMG, (which subsidiaries in (a) and (b) shall include the subsidiaries named in the Group Structure Charts and any future subsidiaries acquired by a member of the Group pursuant to sub-clause 20.4.2 of Clause 20.4 (COVENANTS OF PMG)) and (c) the loans made by it to any Senior Obligor by way of Subordinated Debt;
Assets of the Borrower. The Borrower owns no material assets other than the Real Estate Collateral, the Morgantown Commons and personal property related thereto.

Related to Assets of the Borrower

  • The Borrower 1.1 A copy of the constitutional documents of the Borrower.

  • Borrower The term “Borrower” as used herein shall include any new or successor corporation, association, partnership (general or limited), limited liability company, joint venture, trust or other individual or organization formed as a result of any merger, reorganization, sale, transfer, devise, gift or bequest of Borrower or any interest in Borrower.

  • Responsibilities of the Borrower (a) Anything herein to the contrary notwithstanding, the Borrower shall: (i) perform all of its obligations, if any, under the Contracts related to the Pool Receivables to the same extent as if interests in such Pool Receivables had not been transferred hereunder, and the exercise by the Administrative Agent, or any other Credit Party of their respective rights hereunder shall not relieve the Borrower from such obligations and (ii) pay when due any taxes, including any sales taxes payable in connection with the Pool Receivables and their creation and satisfaction. None of the Credit Parties shall have any obligation or liability with respect to any Collateral, nor shall any of them be obligated to perform any of the obligations of the Borrower, the Servicer or any Originator thereunder.

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

  • Obligations of the Borrower 13 Section 3.01.

  • Covenants of the Borrower SECTION 5.01.

  • Co-Borrowers Borrowers are jointly and severally liable for the Obligations and Bank may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any other Borrower. This Agreement and the Loan Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Credit Extensions were advanced to such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation advance request forms and compliance certificates. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for any Credit Extension, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to one Borrower’s authority to act for or on behalf of another Borrower.

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