Affiliate Revolving Borrowers definition

Affiliate Revolving Borrowers means each of the “Borrowers” party to the Affiliate Revolving Loan Agreement as a “Borrower” from time to time.
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Affiliate Revolving Borrowers means each of the entities identified on Schedule 1.1(c) attached hereto.
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Affiliate Revolving Borrowers means each of the Borrowers party to the Affiliate Revolving Loan Agreement as a “Borrower” from time to time.
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Examples of Affiliate Revolving Borrowers in a sentence

  • Each Borrower will derive substantial direct and indirect benefit (financial and otherwise) from funds made available to Affiliate Term Borrowers pursuant to the Affiliate Term Loan Agreement and Affiliate Revolving Borrowers pursuant to the Affiliate Revolving Loan Agreement, and it is and will be to Borrower’s, Affiliate Term Borrower’s and Affiliate Revolving Borrower’s advantage to assist each other in procuring such funds from Lenders.

  • Notwithstanding the foregoing in this Section 8.9, Borrower, Affiliate Revolving Borrowers and Affiliate Term Borrowers shall be permitted to open and maintain accounts with other depositories (including, without limitation, CIT Bank N.A. and Lake Forest Bank & Trust Company, N.A.) as long as the aggregate amount contained therein does not at any time exceed Seven Million Five Hundred Thousand Dollars ($7,500,000).

  • Each Borrower (including the Affiliate Term Borrowers and Affiliate Revolving Borrowers) is a direct or indirect subsidiary of Parent, and are Affiliates of each other.

  • Each Borrower will derive substantial direct and indirect benefit (financial and otherwise) from funds made available to the Affiliate Revolving Borrowers pursuant to the Affiliate Revolving Loan Agreement and the Affiliate Revolving Borrowers (QIPP) pursuant to the Affiliate Revolving Loan Agreement (QIPP), and it is and will be to each Borrower’s, Affiliate Revolving Borrower (QIPP)’s and Affiliate Revolving Borrower’s advantage to assist each other in procuring such funds from the Lenders.

  • Borrowers shall not permit the Adjusted EBITDA (QIPP Funds) of Affiliate Revolving Borrowers, taken as a whole, to be less than $825,000 for the Fiscal Quarter ending September 30, 2020 and for each Fiscal Quarter thereafter, each measured on the last day of the applicable Fiscal Quarter on a trailing twelve (12) month basis.

  • Each Borrower (including the Affiliated Term Borrowers and Affiliate Revolving Borrowers) is a direct or indirect subsidiary of Parent, and are Affiliates of each other.

  • The Seller shall convey and the Purchaser shall accept title to the Property subject to those matters set forth on Schedule 4 hereto (collectively, the "Permitted Encumbrances").

  • Each Borrower will derive substantial direct and indirect benefit (financial and otherwise) from funds made available to Affiliated Term Borrowers pursuant to the Term Loan Agreement (including without limitation any “Acquisition Loan” made thereunder) and Affiliate Revolving Borrowers pursuant to the Affiliate Revolving Loan Agreement, and it is and will be to Borrower’s, Affiliated Term Borrower’s and Affiliate Revolving Borrower’s advantage to assist each other in procuring such funds from Lenders.

  • The Affiliate Revolving Borrowers, the Affiliate Revolving Borrowers (QIPP) and the Borrowers are Affiliates of each other.

  • The Affiliated Revolving Borrowers, the Affiliate Revolving Borrowers (QIPP) and the Borrowers are Affiliates of each other.

Related to Affiliate Revolving Borrowers

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Initial Revolving Borrowing means one or more borrowings of Dollar Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date in an amount not to exceed the aggregate amounts specified or referred to in the definition of “Permitted Initial Revolving Borrowing Purposes.”

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Affiliate Lender shall have the meaning assigned to such term in Section 9.21(a).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • New Revolving Lender as defined in Section 2.24.

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).