Borrower STID definition

Borrower STID means the Borrower Security Trust and Intercreditor Deed dated 20 April 2005 between, inter alios, the Borrower, the Parent and RBS, to which the Lenders will accede in respect of this Agreement.
View Source
Borrower STID means the security trust and intercreditor deed dated on or about the date of this Deed to be entered into by, among others, the Assignor and the creditors named therein;
View Source
Borrower STID or “Security Trust and Intercreditor Deed” means the security trust and intercreditor deed dated on or about the date of this Agreement to be entered into by, among others, the Obligors and the Borrower Secured Creditors;
View Source

Examples of Borrower STID in a sentence

  • Words and expressions defined or incorporated by reference in the Borrower STID have the same meaning when used in this Deed.

  • The Borrower Standstill Cash Manager shall be obliged to perform its duties and only the duties, specifically stated in this Agreement, the Borrower STID, the Borrower Liquidity Facility Agreement and the Borrower Account Bank Agreement and no implied duties shall be read into any such documents in respect of the Borrower Standstill Cash Manager, other than the duty to act honestly and in good faith and to exercise the diligence of a reasonably prudent cash manager in comparable circumstances.

  • If there is any conflict between the provisions of the Borrower STID and the provisions of this Agreement, the provisions of the Borrower STID shall prevail.

  • The expert(s) appointed pursuant to this Clause 12.4.4 (the “Appropriate Expert”) shall, having regard to all the circumstances and facts that he/she considers relevant, determine the relevant voting category in respect of the relevant Borrower STID Proposal or whether such Borrower STID Proposal gives rise to an Entrenched Right affecting the relevant Borrower Secured Creditor(s).

  • Where any Borrower Secured Creditor Representative on behalf of its Borrower Secured Creditor(s) directs the Borrower Security Trustee to take action in response to a Borrower STID Proposal, an Entrenched Right, a Qualifying Borrower Secured Creditor Instruction Notice or a Borrower Direction Notice, such Borrower Secured Creditor or, on behalf of such Borrower Secured Creditor, its Borrower Secured Creditor Representative will have no fiduciary duty to any other Borrower Secured Creditor.

  • The Borrower Security Trustee shall, following receipt of a Borrower STID Proposal, promptly but no later than five Business Days thereafter send a request (a “Borrower STID Voting Request”) in respect of any Ordinary Voting Matter, Extraordinary Voting Matter or Entrenched Right to each Borrower Secured Creditor (through its Borrower Secured Creditor Representative).

  • We intend to pay for all Shares validly tendered and not withdrawn in the Offer and to provide funding for the Merger from cash on hand.

  • The Borrower shall not be entitled to assign or transfer all or any of its rights or obligations hereunder, except that the Borrower may assign the benefit of its rights hereunder to the Borrower Security Trustee pursuant to the Borrower STID and the Borrower Security Documents.

  • The Additional Borrower Secured Creditor appoints [insert name of representative] and [insert name of representative] agrees to act as the Borrower Secured Creditor Representative of the Additional Borrower Secured Creditor under the Borrower STID and shall send a separate letter to the Borrower Security Trustee notifying the Borrower Security Trustee of the notice details of the Borrower Secured Creditor Representative.

  • The Agent has received original or certified copies of this Agreement and the Deed of Accession to the Borrower STID.


More Definitions of Borrower STID

Borrower STID means the security trust and intercreditor deed dated on or about the date of this Deed to be entered into by, among others, the Borrower and the Borrower Secured Creditors;
View Source