Borrowers definition
Examples of Borrowers in a sentence
Each Borrower has requested that Agent and Lenders make this credit facility available to the Borrowers in order to finance the Borrowers’ business most efficiently and economically.
The proceeds of Revolver Loans shall be used by the Borrowers solely (a) to issue standby or commercial letters of credit, and (b) to finance ongoing working capital needs and other lawful general corporate purposes of the Borrowers and their Restricted Subsidiaries.
At the request of the Borrowers, a certificate of such Lender setting forth the amount or amounts necessary to compensate such Lender for such reserves shall be delivered to the Borrower, which certificate shall be conclusive and binding on all parties, absent manifest error.
The Borrowers shall pay such other fees as described in the Agent Fee Letter.
Until Full Payment of the Obligations, all undertakings of Borrowers contained in the Loan Documents shall continue, and Agent shall retain its Liens in the Collateral and all of its rights and remedies under the Loan Documents.