Designated Borrower definition

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

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Designated Borrower means any Wholly-Owned Subsidiary of the Company, as to which a Designation Letter has been delivered to the Administrative Agent and as to which a Termination Letter has not been delivered to the Administrative Agent in accordance with Section 2.16.

Designated Borrower has the meaning assigned to such term in the preamble.

Examples of Designated Borrower in a sentence

• If any Lender or the L/C Issuer incurs any Mandatory Costs attributable to the Obligations, then from time to time the Company will pay (or cause the applicable Designated Borrower to pay) to such Lender or the L/C Issuer, as the case may be, such Mandatory Costs.

• Neither such Designated Borrower nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Designated Borrower is organized and existing in respect of its obligations under the Applicable Designated Borrower Documents.

• No Designated Borrower shall be obligated to (i) repay the principal amount of or to pay accrued interest on any Loans made to or for the account of any other Borrower; (ii) pay any amounts with respect to any Letters of Credit issued at the request of or for the account of any Borrower nor (iii) procure that any other Borrower performs the Obligations it owes to any Loan Party.

• The Company hereby agrees to pay (or the cause the applicable Designated Borrower to pay) all reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any such designation or assignment.

• Upon any such prepayment or conversion, the Company (or the applicable Designated Borrower) shall also pay accrued interest on the amount so prepaid or converted, together with additional amounts required pursuant to Section 3.05.

More Definitions of Designated Borrower

Designated Borrower means any Subsidiary that has been designated as a Borrower pursuant to the terms hereof and that has not ceased to be a Borrower pursuant to the terms hereof.

Designated Borrower each Borrower listed on Schedule Ia as a Designated Borrower.

Designated Borrower has the meaning specified in Section 11.01.

Designated Borrower and “Designated Borrowers” each has the meaning specified in the introductory paragraph hereto.

Designated Borrower means (i) WEX International Holdings, (ii) certain Subsidiaries of the Company becoming party hereto pursuant to Section 2.14 and, (iii) only upon the satisfaction of the conditions set forth in Section 4.03, the Specified Designated Borrower.

Designated Borrower has the meaning set forth in Section 2.23.

Designated Borrower means any Borrower designated in accordance with the terms of Section 2.14.