Applicable Borrower definition

Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Applicable Borrower means any Revolving Borrower or any Subsidiary Swingline Borrower, as applicable, which is the Borrower to whom such Credit Extension was, or is to be, made.

Applicable Borrower means (a) the US Borrower, with respect to the US Facility, and (b) the Canadian Borrower, with respect to the Canadian Facility.

Examples of Applicable Borrower in a sentence

• No Lender (other than a Defaulting Lender) shall be required to make any such assignment and delegation, and the Applicable Borrower may not repay the Obligations of such Lender or terminate its Commitments, if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Applicable Borrower to require such assignment and delegation cease to apply.

• To the extent that any Lender is replaced pursuant to Section 2.19(b)(iv) in connection with a Repricing Transaction requiring payment of a fee pursuant to Section 2.12(f) or a Specified Repricing Transaction requiring payment of a fee pursuant to Section 2.12(g), the Applicable Borrower shall pay to each Lender being replaced as a result of such Repricing Transaction or Specified Repricing Transaction, as applicable, the fee set forth in Section 2.12(f) or Section 2.12(g), respectively.

• If no Interest Period is specified with respect to any requested LIBO Rate Borrowing or Term SOFR Rate Borrowing, then the Applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration.

• Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent or the Applicable Borrower or any other Loan Party may have against any Lender as a result of any default by such Lender hereunder.

• Upon any such prepayment or conversion, the Applicable Borrower shall also pay accrued interest on the amount so prepaid or converted.

More Definitions of Applicable Borrower

Applicable Borrower means, with respect to any Loan, US Borrower, CH Borrower, Canadian Borrower, UK Borrower or a Subsidiary Swing Line Borrower, as applicable, which is the Loan Party to whom such Loan was, or is to be, made.

Applicable Borrower means (i) with respect to all Loans other than Canadian Revolving Loans, the Company, and (ii) with respect to Canadian Revolving Loans, the Canadian Borrower.

Applicable Borrower means (a) the U.S. Borrower, with respect to the U.S. Revolving Credit Facility or the U.S. Term Loan Facility, (b) either the Canadian Parent or Civeo Premium, with respect to the Canadian Revolving Credit Facility and (c) the Australian Borrower, with respect to the Australian Revolving Credit Facility.

Applicable Borrower means, with respect to any Credit Extension, the Borrower with respect to such Credit Extension.

Applicable Borrower means any Term Borrower and/or any Revolving Borrower, as the context may require.

Applicable Borrower means (a) any Domestic Borrower, in the case of Domestic Loans and Letters of Credit and (b) McKesson Canada, in the case of Canadian Loans and Bankers’ Acceptances.

Applicable Borrower means (a) with respect to the Term Facility, the Term Loan Borrower and (b) with respect to the Revolving Credit Facility, the applicable Revolving Credit Borrower, as the context requires.