Borrower STID definition

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;
Sample 1
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;
Sample 1
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.
Sample 1

Examples of Borrower STID in a sentence

  • The DutchCo share pledge secures DutchCo’s obligations under its Guarantee of the obligations of the Borrower and each member of the Borrower Security Group.On the Signing Date, each member of the Caruna Group provided a Guarantee (which is contained in the Borrower STID) of the obligations of each other member of the Caruna Group under the Borrower Finance Documents.

  • Permeability measurements will be reproduced in layers at a higher passage number to assess transporter activ- ity in older cells.

  • On the Closing Date, the Parent provided a pledge over the shares it holds in its wholly owned Subsidiary, DutchCo. The Parent Share Pledge secures the Parent’s obligations under its Guarantee of the obligations of the Borrower and each member of the Borrower Security Group (the “Parent Share Pledge”).On the Signing Date, DutchCo provided a Guarantee (which is contained in the Borrower STID) of the obligations of the Borrower Security Group under the Borrower Finance Documents.

  • On the Closing Date, the Parent provided a pledge over the shares it holds in its wholly owned Subsidiary, DutchCo. The Parent share pledge secures the Parent’s obligations under its Guarantee of the obligations of the Borrower and each member of the Borrower Security Group (the “Parent Share Pledge”).On the Signing Date, DutchCo provided a Guarantee (which is contained in the Borrower STID) of the obligations of the Borrower Security Group under the Borrower Finance Documents.

  • The Issuer Representative shall exercise any rights or options with respect to voting or providing any instructions or confirmations under the Borrower STID at all times in accordance with votes, instructions or confirmations from the Issuer Secured Creditors or their Issuer Secured Creditor Representatives in accordance with Clause 31 ( Borrower STID Proposals or Notices).

  • Any such Bonds held by the Issuer or any Borrower Obligor will be excluded from the definition of “Outstanding Principal Amount” for the purpose of voting under any Issuer STID Proposal or relevant Borrower STID Proposal or Notice.

  • The Issuer appoints the Issuer Security Trustee to act as its representative (the “Issuer Representative”) in the exercise of its rights and the performance of its obligations underthis Clause 31 and to receive all information and notices and exercise all its rights under the Borrower STID.

  • VIGDOR: Greg Vigdor, Washington Health 9 Foundation, healthy state and nation campaign.

  • 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.

  • In addition to collaborating with industry and government within Canada, Air Canadaalso collaborates with the international aviation industry.


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;
Sample 1

Related to Borrower STID

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Borrower State means Delaware, the state under whose laws Borrower is organized.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Borrower as defined in the preamble hereto.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Foreign Borrower has the meaning specified in the introductory paragraph hereto.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Parent Borrower as defined in the preamble hereto.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Domestic Loan Parties means the Domestic Guarantors.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • The Borrower has advised the Banks that the Borrower is currently working on a revised business plan which will include, among other things, a request to restructure the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions concerning the proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, a May 19, 2000, letter agreement, a June 1, 2000, letter agreement, a June 9, 2000, letter agreement, a June 16, 2000, letter agreement, a June 29, 2000, letter agreement, a July 21, 2000, letter agreement, an August 11, 2000, letter agreement, and a September 8, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to October 13, 2000 (the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from September 29, 2000, to the Waiver Termination Date, and (iii) amend the due date for the payment of principal, interest and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from September 29, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to amend the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date, provided that:

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.