Flooring Loan Borrower definition

Flooring Loan Borrower means the Company, any Dealership executing this Agreement as a Flooring Loan Borrower and any Dealership which hereafter becomes a Flooring Loan Borrower in accordance with the requirements of this Agreement, in its capacity as a borrower under the credit facilities described in Article 2 of this Agreement.
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Examples of Flooring Loan Borrower in a sentence

  • Without limiting the foregoing, each Flooring Loan Borrower acknowledges and agrees that each of them is jointly and severally liable for all Flooring Loan Obligations, even if an invoice, billing or other request for payment of some or all of the Flooring Loan Obligations is addressed to, or stated to be payable by one or more, but less than all of the Flooring Loan Borrowers.

  • The proposer hauls approximately 19,000 bushels per year of solid, bedded cattle manure to their fields.

  • Any notice, demand, consent, acknowledgment, direction, certification or other communication delivered to the Company as a Flooring Loan Borrower in accordance with the terms of this Agreement and the other Loan Documents shall be deemed to have been delivered to the Company and each other Flooring Loan Borrower.

  • The costs and expenses of completing the wind-up and dissolution of the Debtors shall be paid by the Liquidating Entity.

  • Each Flooring Loan Borrower shall be and remain jointly and severally liable to Swing Line Lender for all payments made to a manufacturer or distributor pursuant to a Payment Commitment.

  • The Central Valley Water Board adopted a Water Quality Control Plan for the Sacramento River and San Joaquin River Basins, Fourth Edition, revised April 2016 (Basin Plan) that designates beneficial uses, establishes water quality objectives, and contains implementation programs and policies to achieve those objectives for all waters addressed through the plan.

  • Each Flooring Loan Borrower jointly and severally promises to pay to Agent, for the account of the Lenders (including Swing Line Lender), in accordance with the terms of this Agreement, the Flooring Notes, the Flooring Swing Line Note and the other Loan Documents, the principal amount of the Flooring Loans and Flooring Swing Line Loans, plus interest thereon, plus all other Flooring Loan Obligations.

  • Each Flooring Loan Borrower hereby grants to Agent, for the benefit of the Lenders, a security interest in such funds and such account to secure all Flooring Loan Obligations.

  • Agent is authorized to credit any account of (y) any Flooring Loan Borrower with Agent (or any account any Flooring Loan Borrower designates in writing) for Loans made to the Flooring Loan Borrowers, and (z) the Revolving Loan Borrower with Agent (or any account the Revolving Loan Borrower designates in writing) for loans made to the Revolving Loan Borrower.

  • Without limiting the generality of the foregoing, to the fullest extent permitted by Applicable Law, each Flooring Loan Borrower hereby waives discharge based upon all defenses based on suretyship or impairment of collateral.

Related to Flooring Loan Borrower

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Term Loan as defined in Section 2.1.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.