Designated Subsidiary Borrower definition

Designated Subsidiary Borrower means (i) each Tranche A Designated Subsidiary Borrower and (ii) each Tranche B Designated Subsidiary Borrower.
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Designated Subsidiary Borrower means any Qualified Subsidiary as to which an Election to Participate shall have been delivered to Administrative Agent in accordance with Section 2.25; provided that the status of any of the foregoing as a Designated Subsidiary Borrower shall terminate if and when an Election to Terminate is delivered to Administrative Agent in accordance with Section 2.25.
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Designated Subsidiary Borrower means each of ARC, ARL, AIC, ASIC, ACUS, AREUL and Arch Europe and each Person which is designated as an additional Designated Subsidiary Borrower after the Closing Date in accordance with Section 2.13 (in each case, unless otherwise removed as such in accordance with Section 2.13(d).
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Examples of Designated Subsidiary Borrower in a sentence

  • The Issuing Agent will send a copy of each Notice of Non-Extension to the respective Designated Subsidiary Borrower concurrently with delivery thereof to the respective beneficiary, unless prohibited by law from doing so.

  • The Parent Borrower shall pay (or cause the applicable Designated Subsidiary Borrower to pay) such Lender or such Fronting Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

  • The Parent Borrower hereby agrees to pay (or cause the applicable Designated Subsidiary Borrower to pay) all reasonable costs and expenses incurred by any Lender or any Fronting Bank in connection with any such designation or assignment.

  • If any or all of the Guaranteed Obligations of any Designated Subsidiary Borrower to the Guaranteed Creditors becomes due and payable hereunder, the Company unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, together with any and all expenses which may be incurred by the Guaranteed Creditors in collecting any of the Guaranteed Obligations.

  • Any payment by a Designated Subsidiary Borrower or other circumstance which operates to toll any statute of limitations as to a Designated Subsidiary Borrower shall operate to toll the statute of limitations as to the Company.


More Definitions of Designated Subsidiary Borrower

Designated Subsidiary Borrower has the meaning specified in the introductory paragraph hereto, but shall exclude any such Person with respect to which an Election to Terminate has been delivered to the Administrative Agent (it being understood that the delivery of an Election to Terminate shall not affect any obligation of a Designated Subsidiary Borrower theretofore incurred or the guarantee thereof under Article X).
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Designated Subsidiary Borrower means each Wholly-Owned Subsidiary of the Company set forth on Schedule 2.17 and each Wholly-Owned Subsidiary of the Company which is designated as a Designated Subsidiary Borrower in accordance with Section 2.17.
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Designated Subsidiary Borrower means Partner Reinsurance Company Ltd., PartnerRe S.A., Partner Reinsurance Company of the U.S., PartnerRe Insurance Company of New York, PartnerRe Ireland Insurance Limited, Partner Reinsurance Ireland Limited and each 90% Owned Subsidiary of the Company which is designated as a Designated Subsidiary Borrower in accordance with Section 1.15.
Sample 1
Designated Subsidiary Borrower means (a) ESI, (b) EUHC, (c) EWHL, (d) EWIL and (e) each Person which is designated as an additional Designated Subsidiary Borrower after the Effective Date in accordance with Section 1.14.
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Designated Subsidiary Borrower means each of ARC, ARL, AIC, WDCIC, ASIC, AESIC and each Person which is designated as an additional Designated Subsidiary Borrower after the Effective Date in accordance with Section 2.22 (in each case, unless otherwise removed as such in accordance with Section 2.23).
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Designated Subsidiary Borrower has the meaning specified in the introductory paragraph hereto.
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Designated Subsidiary Borrower means (a) ESI, (b) EUHC, (c) EWHL, (d) EWIL, (e) ERCA, (f) EAIC, (g) EASIC, (h) AHI and (i) each Person which is designated as an additional Designated Subsidiary Borrower after the Effective Date in accordance with Section 1.14, and, in each case, as to which no Termination Letter has been delivered to the Administrative Agent pursuant to Section 1.14; provided however, a Person may be re-designated as an additional Designated Subsidiary Borrower even though a Termination Letter had previously been delivered with respect to it.
Sample 1