Borrowers definition
Examples of Borrowers in a sentence
Borrowers hereby acknowledge and agree that this Consent is a “Loan Document”, including without limitation for purposes of Section 11.04 of the Credit Agreement.
Notices to Lender and Pledgor shall be deemed given and received in accordance with the Loan Agreement, with the address for Borrowers constituting the address for notices to Pledgor pursuant to this Agreement.
Pledgor further acknowledges that Pledgor is the owner of a significant ownership interest directly in each Borrower, and will receive a direct and material benefit from Lender entering into the Loan Documents and making the Loan to Borrowers.
Subject to the terms of this Agreement and the applicable WCF Agreement, the Original WCF Lender makes available to the relevant WCF Borrowers general working capital facilities in an aggregate amount equal to the WCF Commitments as set out in that WCF Agreement.
During the continuance of an Event of Default, Pledgor shall not cause or consent to any distribution by Borrowers.