Borrower 2 definition
Examples of Borrower 2 in a sentence
The Borrower Representative (on behalf of itself or any other Borrower as the case may be), shall give the Swingline Lender irrevocable notice (which notice must be received by the Swingline Lender prior to 1:00 P.M., New York City time, on the requested Borrowing Date) specifying (1) the identity of a Borrower, (2) the amount of the requested Swingline Loan and (3) that the Borrowing is to be of ABR Loans.
The Borrower Representative (on behalf of itself or any other Borrower as the case may be), shall give the Swingline Lender irrevocable notice (which notice must be received by the Swingline Lender prior to 12:00 Noon, New York City time, on the requested Borrowing Date) specifying (1) the identity of a Borrower, (2) the amount of the requested Swingline Loan and (3) whether the Borrowing is to be of ABR Loans or Canadian Prime Rate Loans.
Single Protection for Borrower 1 Single Protection for Borrower 2 This Contract protects the Borrower(s) listed above who elected protection.
The making of this Agreement and compliance with the terms hereof by Borrower have been duly authorized by all necessary corporate action and do not conflict with and are not in contravention of (1) any provision of the Articles of Incorporation and By-Laws of Borrower, (2) any indenture, contract or agreement to which Borrower is a party or to which it is subject, or (3) any law, ordinance, statute, rule or regulation binding upon Borrower.
At all times the Policy (1) shall be owned by Borrower, (2) shall identify Borrower as its beneficiary, (3) shall have a death benefit of not less than One Million Dollars ($1,000,000), and (4) shall be assigned to Lender as security for the Obligations on terms and conditions satisfactory to Lender.