Borrower Addendum definition

Borrower Addendum an Addendum, duly completed and executed by each of the Parent Borrower and the relevant Subsidiary thereof, substantially in the form of Exhibit B-1.

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Borrower Addendum an Addendum to this Agreement in the form of Exhibit B pursuant to which a Subsidiary of the Parent may become a Borrower pursuant to the provisions of Section 2.10.

Borrower Addendum an Addendum in the form of Exhibit D pursuant to which a Subsidiary of the Company may become a Subsidiary Borrower pursuant to the provisions of Section 2.10.

Examples of Borrower Addendum in a sentence

IBM agrees on behalf of each existing Subsidiary Borrower that the provisions of this Agreement shall apply to each such Subsidiary Borrower whether or not such Subsidiary Borrower has executed a Subsidiary Borrower Addendum, provided, that IBM agrees to deliver to the Administrative Agent an executed Subsidiary Borrower Addendum for each such Subsidiary Borrower as promptly as practicable after the Effective Date.
Upon receipt of a Borrower Addendum and the supporting documentation referred to above, the Administrative Agent shall confirm such Borrower Addendum by signing a copy thereof and shall promptly deliver a copy thereof to the Parent and each Lender.
Those Permitted Borrowers not signatories to this Agreement on the Effective Date shall become obligated hereunder (and shall be deemed parties to this Agreement) upon the execution and delivery, according to the terms and conditions set forth in Section 2.1 hereof, of the Permitted Borrower Addendum.
Thereupon the Subsidiary which executed such Borrower Addendum shall become a "Subsidiary Borrower" hereunder.
Upon receipt of a Borrower Addendum and the supporting documentation referred to above, the Agent shall confirm such Borrower Addendum by signing a copy thereof and shall deliver a copy thereof to the Company and each Lender.
AS EVIDENCE OF THE FOREGOING, this Borrower Addendum has been executed and delivered as of the day and year first above written.
Each Loan made to a Borrower shall be made to its applicable payment account specified on Exhibit P or the Borrower Addendum, if any, executed and delivered with respect to such Borrower pursuant to Section 2.10, as the case may be, or such other account which it may from time to time specify by written notice to the Administrative Agent and the Lenders.
Except to the extent this Agreement is expressly amended by the Additional Borrower Addendum in respect to such signatory Borrower, this Agreement shall be binding for all purposes upon such signatory Borrower as if an original signatory thereto.
Each Loan shall be made to the applicable payment account of the applicable Borrower set forth in Exhibit P or the Borrower Addendum, if any, executed and delivered with respect to such Borrower pursuant to Section 2.12, as the case may be, or such other account which such Borrower may from time to time specify by written notice to the Administrative Agent and the Lenders.
Those Permitted Borrowers not signatories to this Agreement on the Restatement Date shall become obligated hereunder (and shall be deemed parties to this Agreement) upon the execution and delivery, according to the terms and conditions set forth in Section 2.1 hereof, of a Permitted Borrower Addendum.

More Definitions of Borrower Addendum

Borrower Addendum means an Addendum, duly completed and executed by each of Borrowing Representative and the applicable new Loan Party, in substantially the fonu attached hereto as Exhibit 1.3. "Borrower Reports" shall mean any reports (whether financial, with respect to Collateral, as to operating condition or otherwise) required to be delivered to Lender pursuant hereto or to any other Credit Document, including, particularly, pursuant to Article 9. Borrowers’ Account" shall have the meaning set forth in Section 2,11. 'Borrowing Base" shall mean the sum of the following: (a) eighty five percent (85%) of the Value of all Eligible Receivables; plus (b) the lesser of (i) the Eligible Inventory Sublimit, and (ii) fifty percent (50%) of the Value of all Eligible Inventory, in each case consisting of Raw Materials and Finished Goods, minus (c) the Availability Reserves. "Borrowing Base Certificate" shall have the meaning set forth in Section 9.8(b), "Borrowing Representative" shall mean such Person as Loan Parties, collectively between or among themselves, may elect as their representative hereunder from time to time pursuant to Article 15. subject to Lender’s prior approval. On the Closing Date, the Borrowing Representative is Tecogen. "Business Day" shall mean with respect to LIBOR Rate Loans or any day on which commercial banks are open for domestic and international business, including dealings in Dollar deposits in London, England and New York, New York and with respect to all other matters, any day other than a day on which commercial banks in New York or Connecticut are authorized or required by law to close. "Capital Expenditures" shall mean all expenditures (or commitments to make expenditures) of Loan Parties on a Consolidated and Consolidating basis for fixed or capital assets (including any made or committed to be made pursuant to capitalized leases) which, in accordance with GAAP, constitute capital expenditures in the period made. "Capital Lease" shall mean any lease of Equipment or Real Property by a Loan Party or any of its Subsidiaries that, in accordance with GAAP, is or should be reflected as a liability on the balance sheet of such Loan Party or such Subsidiary. "Capitalized Lease Obligations" shall mean any Indebtedness represented by obligations under a Capital Lease, and the amount of such Indebtedness shall be the capitalized amount of such obligations determined in accordance with GAAP. "CERCLA" shall mean the Comprehensive Environmental Response, Compe...

Borrower Addendum means an addendum substantially in the form attached hereto as Exhibit G, to be executed and delivered by each Borrower which becomes a party to this Agreement after the date hereof, as such Exhibit G may be amended from time to time.

Borrower Addendum means an Addendum, duly completed and executed by each of Borrowing Representative and the applicable new Borrower, in substantially the form attached hereto as Exhibit 1.3.

Borrower Addendum is defined in Section 5.03(a).