Borrower B definition

Borrower B means ▇▇▇▇▇ Maritime Corp., being a corporation organised and existing under the laws of the ▇▇▇▇▇▇▇▇ Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇;

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Borrower B means Ikaros Marine LLC, a limited liability company formed in the ▇▇▇▇▇▇▇▇ Islands, whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH96960, Majuro, ▇▇▇▇▇▇▇▇ Islands;

Borrower B means the company specified as such in Part A of Schedule 1 (The Parties).

Examples of Borrower B in a sentence

Such notice shall specify: (A) the interest rate option selected by Borrower, (B) the principal amount subject thereto, and (C) for each LIBOR selection, the length of the applicable LIBOR Period.
Each Notice of Borrowing shall be by telecopy or telephone (and if by telephone, confirmed promptly by telecopier), in substantially the form of Exhibit B, specifying therein the requested (A) Borrower, (B) date of such Borrowing, (C) Type of Revolving Credit Advances comprising such Borrowing, (D) aggregate amount of such Borrowing, and (E) in the case of a Borrowing comprised of Eurodollar Rate Advances, the initial Interest Period for each such Advance.
No such assignment shall be made (A) to the Borrower or any Affiliate or Subsidiary of the Borrower, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of one or more natural Persons).
The Agent shall have received this Amendment, duly executed and delivered by (A) the Borrower, (B) the Subsidiary Guarantors and (C) the Lenders (which constitute at least the Required Lenders) party hereto.
Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of (A) six (6) Eurocurrency Borrowings to the US Borrower, (B) four (4) Eurocurrency Borrowings to the Canadian Borrower, (C) two (2) B/A Borrowings to the Canadian Borrower, (D) six (6) Eurocurrency Borrowings to the UK Borrower, (E) six (6) Eurocurrency Borrowings to the Singapore Borrower, and (F) six (6) Eurocurrency Borrowings to the UAE Borrower, outstanding.

More Definitions of Borrower B

Borrower B means Andromeda Shiptrade Limited, a corporation incorporated and existing under the laws of the Republic of the ▇▇▇▇▇▇▇▇ Islands whose registered address is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇;

Borrower B means Citrine Shipping Corporation, a corporation incorporated and existing in the ▇▇▇▇▇▇▇▇ Islands whose registered office is at Ajeltake Road, Ajeltake Island, Majuro MH96960, The ▇▇▇▇▇▇▇▇ Islands;

Borrower B means Knight Ocean Navigation Co., a corporation incorporated and existing under the laws of the Republic of Liberia whose registered office is at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇;

Borrower B means Surf Maritime Co., a corporation incorporated under the laws of the ▇▇▇▇▇▇▇▇ Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (and includes its respective successors);

Borrower B means ▇▇▇▇▇ Shipping Co., a corporation incorporated and existing in Liberia whose registered office is at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇;

Borrower B means Scorpio Crude Carrier S.A., a corporation incorporated in the ▇▇▇▇▇▇▇▇ Islands, whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇;

Borrower B means Teucarrier (No.3) Corp. of ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇. “Borrower C” means Teucarrier (No.4) Corp. of ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ “Borrower Parent” means: (c) in relation to Borrower A, Bounty Investment Inc; (d) in relation to Borrower B, Lito Navigation Inc; and (e) in relation to Borrower C, Bayard Maritime Limited. “Borrower Revenues” means all amounts received (or, as the case may be, forecast to be received) by the Borrowers including the following: (a) all Earnings; (b) all amounts received pursuant to each of the Time Charters; (c) such other amounts as the Agent and the Borrowers may agree to include as Borrower Revenues, but excluding: (d) any amount paid or advanced to the Borrowers under the Finance Documents; (e) any Requisition Compensation (to the extent related to a Total Loss); or (f) any Insurance Proceeds (to the extent related to a Total Loss). “Borrowings” has the meaning given to it in Clause 21 (Financial covenants). “Break Costs” means the amount (if any) by which: (a) the interest which a Lender should have received for the period from the date of receipt of all or any part of its participation in a Loan or Unpaid Sum to the last day of the current Interest Period in respect of that Loan or Unpaid Sum, had the principal amount or Unpaid Sum received been paid on the last day of that interest Period; exceeds: (b) the amount which that Lender would be able to obtain by placing an amount equal to the principal amount or Unpaid Sum received by it on deposit with a leading bank in the 3