Other Borrowers Sample Clauses
The "Other Borrowers" clause defines the rights and obligations of additional parties who are co-borrowers under a loan agreement. It typically clarifies that each borrower is jointly and severally liable for the full repayment of the loan, meaning the lender can seek repayment from any or all borrowers. This clause ensures that all borrowers are equally responsible for the debt, providing the lender with greater security and recourse if one borrower defaults.
Other Borrowers. The other Borrowers are bound by the terms of this Supplemental Agreement.
Other Borrowers. Borrowers other than distribution borrowers may also submit requests for execution of a new loan contract pursuant to this subpart and a new mortgage pursuant to sub- part B of this part. RUS may approve such requests if it determines that such approval is in the government’s fi- nancial interest. If other mortgagees are on the borrower’s existing ▇▇▇▇- ▇▇▇▇, their concurrence would be re- quired before a new mortgage could be executed.
Other Borrowers. The Working Capital shall not be available to any other person (whether a subsidiary of the Parent or not) unless with the express written agreement of BoS and after having provided BoS with whatever security it requires (such security being to the same extent and on substantially the same terms as the security granted by the other Borrowers) in respect of that person and its assets.
Other Borrowers. Except for distributions of assets or property in connection with discontinuing the operations of certain Other Borrowers, each of the Other Borrowers has never transferred to Seller or Clinsite any material assets or other material property except for fair consideration.
Other Borrowers. The effectiveness of this Agreement with respect to the Loan Parties other than SpinCo is subject to the Administrative Agent, on or prior to the Effective Date, having received original counterparts hereof signed by each of the parties hereto (or, in the case of any party as to which an original executed counterpart has not been received, receipt by the Administrative Agent in form satisfactory to it of an electronic copy of such original executed counterpart). On and after the Effective Date, the rights and obligations of the parties hereto shall be governed by the provisions hereof.
Other Borrowers. Electric Machinery Enterprises, Inc., a Florida corporation EarthFirst Resources, Inc., a Florida corporation World Environmental Solutions Company, Inc., a Florida corporation EarthFirst Investments, Inc., a Florida corporation EM Enterprise Resources, Inc., a Florida corporation EME Modular Structures, Inc., a Florida corporation
Other Borrowers. (a) A certified copy* of the constitutional documents of each other dated no more than ten (10) Business Days prior to the date of this Agreement.
(b) A certified copy* of a resolution of the board of directors of each other Borrower:
(i) approving the terms of, and the transactions contemplated by, each Finance Document and each Related Contract to which the relevant Borrower is a party and resolving that it executes each such Finance Document and each Related Contract, then to be executed;
(ii) authorising a specified person or persons to execute each Finance Document and each Related Contract on its behalf to which it is a party, then to be executed; and
(iii) authorising a specified person or persons, on its behalf, to sign and/or despatch all other documents and notices to be signed and/or despatched by it under or in connection with each Finance Document and each Related Contract to which it is a party, then to be executed.
(c) A specimen of the signature of each person authorised by the resolution referred to in paragraph1(b).
(d) A certified copy* of all other resolutions, consents, licences, exemptions and filings, corporate, official or otherwise which the Facility Agent may reasonably require in connection with this Agreement or any other Finance Document.
Other Borrowers. Collectively, ▇▇▇▇▇▇▇ (Mechanicsburg) Essential Asset REIT II, LLC, a Delaware limited liability company (“GC Mechanicsburg”), ▇▇▇▇▇▇▇ (Columbus) Essential Asset REIT II, LLC, a Delaware limited liability company (“GC Columbus”), ▇▇▇▇▇▇▇ (Houston Westgate II) Essential Asset REIT II, LLC, a Delaware limited liability company (“▇▇ ▇▇▇▇▇▇▇ Westgate II”), ▇▇▇▇▇▇▇ (Phoenix ▇▇▇▇▇▇▇▇▇ TRCW) Essential Asset REIT II, LLC, a Delaware limited liability company (“GC Phoenix ▇▇▇▇▇▇▇▇▇ TRCW”), ▇▇▇▇▇▇▇ (Phoenix ▇▇▇▇▇▇▇▇▇ IPC) Essential Asset REIT II, LLC, a Delaware limited liability company (“GC Phoenix ▇▇▇▇▇▇▇▇▇ IPC”) and ▇▇▇▇▇▇▇ (Las Vegas ▇▇▇▇▇) Essential Asset REIT II, LLC, a Delaware limited liability company (“GC Las Vegas ▇▇▇▇▇”).
Other Borrowers. In the event that any other entity or party becomes a "Borrower" hereunder, such entity shall immediately enter into loan documents on terms substantially similar to the Loan Documents, pursuant to which each such entity's assets shall be pledged as collateral for the Loans.
Other Borrowers. Incur any indebtedness, other than normal --------------- accruals and operating expenses.