Borrower Power definition

Borrower Power means, with respect to any applicable action, event or circumstance of any Subsidiary of the Borrower, such action, event or circumstance that is within the actual power and authority of the Borrower (acting directly or indirectly, including through its other Subsidiaries) to cause such Subsidiary to take or do such action, event or circumstance, as applicable, or to prevent such Subsidiary from taking, doing or allowing to exist such action, event or circumstance, as applicable, subject to any fiduciary or similar duties, in each case as reasonably determined by the Borrower in good faith.
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Borrower Power means, with respect to each applicable action, event or circumstance of the Joint Subsidiaries, such action, event or circumstance that is within the actual power and authority of the Borrower (acting directly or indirectly) to cause the Joint Subsidiaries to take or do such action, event or circumstance, as applicable, or to prevent the Joint Subsidiaries from taking, doing or allowing to exist such action, event or circumstance as applicable, subject to any fiduciary or similar duties, in each case, as reasonably determined by the Borrower in good faith. For the avoidance of doubt, nothing in this Agreement shall require the Borrower to seek or obtain any amendments to Organic Documents of any of the Joint Subsidiaries or contractual obligation as in effect on the date hereof to expand or modify any right, power, or authority of the Borrower or any Joint Subsidiary thereunder.
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Borrower Power means, with respect to each applicable action, event or circumstance of the Joint Subsidiaries, such action, event or circumstance that is within the actual power and authority of the Super ▇▇▇▇▇ Borrowers (acting directly or indirectly) to cause the Joint Subsidiaries to take or do such action, event or circumstance, as applicable, or to prevent the Joint Subsidiaries from taking, doing or allowing to exist such action, event or circumstance as applicable, subject to any fiduciary or similar duties. For the avoidance of doubt, no reference to “Borrower Power” in this Agreement shall require the Super ▇▇▇▇▇ Borrowers to seek or obtain any amendments to Organic Documents of any of the Joint Subsidiaries or contractual obligation as in effect on the Closing Date to expand or modify any right, power, or authority of any Super ▇▇▇▇▇ Borrower or any Joint Subsidiary thereunder.
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Examples of Borrower Power in a sentence

  • Neither Super ▇▇▇▇▇ Borrower shall cause or permit (to the extent of its Borrower Power with respect to any Joint Subsidiary) to exist any restriction on the ability of any other RG Entity to make, directly or indirectly, distributions of cash to such Super ▇▇▇▇▇ Borrower, except as set forth in the Project Financing Documents, ▇▇▇▇▇ Financing Documents and the Organic Documents of the RG Entities, in each case as in existence as of the Closing Date.

  • The Borrower shall not make Investments in any Person or permit any Intermediate Subsidiary or, subject to the Borrower Power, any Joint Subsidiary (to the extent of its Borrower Power) to make Investments in any Person except Investments in P1 Subsidiaries, T4 Subsidiaries, T5 Subsidiaries, RG Facility Subsidiaries, and the Projects and Common Facilities.

  • The Borrower shall not and shall not permit (to the extent of the Borrower Power) its Subsidiaries to employ any employees.

  • No Credit Party shall change and neither Super ▇▇▇▇▇ Borrower shall permit any other RG Entity (to the extent of its Borrower Power with respect to any Joint Subsidiary) to change its Fiscal Year without the prior written consent of the Administrative Agent.

  • The Super ▇▇▇▇▇ Borrowers shall not and shall not permit (to the extent of the Borrower Power) its Subsidiaries to employ any employees.

  • Neither Super ▇▇▇▇▇ Borrower shall, and neither Super ▇▇▇▇▇ Borrower shall permit any other RG Entity (to the extent of its Borrower Power with respect to any Joint Subsidiary) to (a) enter into any consolidation, amalgamation, demerger, or merger with any other Person, (b) wind up, liquidate or dissolve or take any action that would (or fail to take any action where such failure would) result in the liquidation or dissolution of such Person or (c) change its legal form.

  • No Credit Party shall and neither Super ▇▇▇▇▇ Borrower shall permit any other RG Entity (to the extent of its Borrower Power with respect to any Joint Subsidiary) to change its accounting or financial reporting policies other than as permitted in accordance with GAAP.


More Definitions of Borrower Power

Borrower Power means, with respect to each applicable action, event or circumstance of EQM or its Subsidiaries, such action, event or circumstance that is within the actual power and authority of the Borrower and its Restricted Subsidiaries (acting directly or indirectly (including through the other Restricted Subsidiaries)) to cause EQM or such Subsidiary of EQM to take or do such action, event or circumstance of a EQM or such Subsidiary of EQM, as applicable, or to prevent EQM or such Subsidiary of EQM from taking, doing or allowing to exist such action, event or circumstance of EQM or such Subsidiary of EQM, as applicable, subject to any fiduciary or similar duties, in each case as reasonably determined by the Borrower in good faith.
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