Borrowing Base Guarantors definition

Borrowing Base Guarantors means the US Borrowing Base Guarantors and the Canadian Borrowing Base Guarantors.
View Source
Borrowing Base Guarantors means, collectively, the following (together with their respective successors and assigns): (a) Hart Schaffner & Marx, a New York corporation; (b) HMX Sportswe▇▇, I▇▇., ▇ ▇▇w Y▇▇▇ corporation; (c) National Clothing Company, Inc., a New York corporation; (d) Hickey-Freeman Co., Inc., a New York corporation; (e) Internati▇▇▇▇ ▇▇▇▇▇'▇ ▇pparel, Inc., a Texas corporation; (f) Jaymar-Ruby, Inc., an Indiana corporation; (g) Anniston Sportsw▇▇▇ ▇▇▇▇▇▇▇tion , an Indiana corporation; (h) Men's Quality Brands, Inc., a New York corporation; (i) M. Wile & Company, Inc. (d/b/a HMX Tailored, Inc.), a New York ▇▇▇▇▇▇▇tion; (j) Universal Design Group, Ltd., a New York corporation; (k) Consolidated Apparel Group, Inc., a Delaware corporation; (l) Direct Route Marketing Corporation, a New Hampshire corporation and (m) such other Guarantors as US Borrower may specify after the date hereof, subject to the satisfaction of the conditions set forth in Section 2.4 hereof; each of the foregoing sometimes being referred to herein individually as a "Borrowing Base Guarantor".
View Source

Examples of Borrowing Base Guarantors in a sentence

  • Borrower and Borrowing Base Guarantors shall at all times take all reasonable actions to defend their title to Collateral and Agent’s Liens therein against all Persons, claims and demands whatsoever, except Permitted Liens.

  • Borrower and each Borrowing Base Guarantor hereby authorizes Agent and Lenders (but they shall have no obligation) to respond to usual and customary credit inquiries from third parties concerning Borrower, Borrowing Base Guarantors, or any other Subsidiary.

  • All expenses of protecting, storing, warehousing, insuring, handling, maintaining and shipping any Collateral, all Taxes payable with respect to any Collateral (including any sale thereof), and all other payments required to be made by Agent to any Person to realize upon any Collateral, shall be borne and paid by Borrower and Borrowing Base Guarantors.

  • Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the knowledge of Borrower and all Borrowing Base Guarantors, nothing has occurred which would prevent, or cause the loss of, such qualification, except where failure to obtain such qualification could not reasonably be expected to have a Material Adverse Effect.

  • If either (a) Accounts owing to Borrower and/or Borrowing Base Guarantors in an aggregate face amount of $5,000,000 or more during a Dominion Period or (b) Accounts owing to Borrower and/or Borrowing Base Guarantors of any one Account Debtor in an aggregate face amount of $5,000,000 or more at any time, cease to be Eligible Accounts, Borrower shall notify Agent of such occurrence promptly (and in any event within five Business Days) after Borrower or any Borrowing Base Guarantor has knowledge thereof.

  • To facilitate the exercise of the right described in the immediately preceding sentence, the Borrowers hereby agrees to provide Collateral Agents upon request the name and address of each Account Debtor of the Borrowers and Borrowing Base Guarantors.

  • The Borrowers and Borrowing Base Guarantors shall not permit more than $15,000,000 in the aggregate of their Inventory to be located at any location not listed on Schedule 3.24 to Amendment No. 2 (other than Inventory in transit), as updated from time to time in any Perfection Certificate Supplement or Borrowing Base Certificate.

  • The Borrowers, the Credit Parties and the Canadian Borrowing Base Guarantors hereby acknowledge that such debenture or bond constitutes a title of indebtedness, as such term is used in Article 2692 of the Civil Code of Quebec.

  • None of the Canadian Borrowing Base Guarantors employs any employees outside of Canada.

  • Notwithstanding anything to the contrary set forth in this Agreement, prior to the entry of the DIP Recognition Order, (i) no proceeds of the Advances hereunder shall directly, or indirectly, be made available to, or used on behalf of, the Canadian Borrowing Base Guarantors and (ii) no assets of the Canadian Borrowing Base Guarantors shall be included in the calculation of the Borrowing Base.

Related to Borrowing Base Guarantors

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to: