Borrowers definition
Examples of Borrowers in a sentence
In consideration for the Lenders’ structuring of the Loan, the Borrowers agree to pay to the Lenders a structuring premium (“Structuring Premium”) in an amount equal to 2.0% of the amount of the Total Commitment.
The Borrowers shall at their own expense do, execute, acknowledge and deliver or cause to be done, executed, acknowledged and delivered all such further acts, security documents, powers of attorney and assurances as the Lenders may from time to time request to better assure and perfect, protect and preserve the security interests and other interests under the Security Documents after giving effect to this Amendment.
At or immediately after the Amendment No. 5 Effective Date, each Assignment Lender shall purchase from the Fronting Lender Amended Term Loans in an aggregate principal amount not less than the aggregate principal amount of the Existing Term Loans held by such Assignment Lender immediately prior to the Amendment No. 5 Effective Date (or such lesser amount as notified and allocated to such Assignment Lender by the Agent and the Borrowers in their sole discretion).
Provided no Default, Event of Default, Cash Sweep Event or Cure Plan Event has occurred and is continuing, and subject to compliance with the terms of this Section 2.02, upon delivery to the Administrative Agent (with a copy to the Collateral Trustee) by the Borrower Representative of a Facility Increase Request, the Borrowers may request a permanent increase of the Maximum Commitment.
For all purposes under the Note, the term “Additional New Loan” shall mean the US$300,000 extended by Lender to Borrowers on January 5, 2026 and the Second Additional New Loan.