Administrative Borrower definition

Administrative Borrower has the meaning set forth in Section 17.9.
Administrative Borrower has the meaning specified therefor in Section 17.13 of this Agreement.
Administrative Borrower shall have the meaning specified in Section 13.4.

Examples of Administrative Borrower in a sentence

  • Unless otherwise agreed by Agent and Administrative Borrower, any Revolving Loan or Swing Loan requested by Xxxxxxxxx and made by Agent or the Lenders hereunder shall be made to the Designated Account.

  • Each Borrower agrees that any action taken by the Administrative Borrower or the Borrowers in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Administrative Borrower of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Borrowers .

  • Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event, Agent and Administrative Borrower may amend this Agreement to replace the then-current Benchmark with a Benchmark Replacement.

  • Agent will notify Administrative Borrower of (x) the removal or reinstatement of any tenor of a Benchmark pursuant to Section 2.12(d)(iii)(D) and (y) the commencement of any Benchmark Unavailability Period.

  • Each Borrower hereby irrevocably appoints Par Borrower as the borrowing agent and attorney-in-fact for all Borrowers (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower.


More Definitions of Administrative Borrower

Administrative Borrower has the meaning specified therefor in Section 4.05.
Administrative Borrower has the meaning assigned to such term in Section 9.14.
Administrative Borrower shall have the meaning specified in the preamble.
Administrative Borrower has the meaning specified therefor in Section 10.20.
Administrative Borrower means the Parent in its capacity as Administrative Borrower on behalf of itself and the other Borrowers pursuant to Section 6.7 hereof and it successors and assigns in such capacity.
Administrative Borrower means the Company, in its capacity as the administrative borrower on behalf of itself and the other Borrowers pursuant to Section 2.10 and its successors and assigns in such capacity.
Administrative Borrower means US Borrower.