Indirect Affiliate definition

Indirect Affiliate. With respect to the Borrower or the Collateral Manager, as the context requires, any of its Affiliates (including any Portfolio Company) that is not (i) its subsidiary, (ii) its parent company or (iii) any of its indirect parent companies.
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Indirect Affiliate means, with respect to the Borrower or the Servicer, as the context requires, any of its affiliates that is not (i) its subsidiary, (ii) its parent company or (iii) any of its indirect parent companies. -19-
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Examples of Indirect Affiliate in a sentence

  • Use the proceeds of (a) the Term Loans only for the purposes specified in Section 2.5 (it being understood that no Lender Party shall have any obligation to monitor Borrower’s use of the proceeds of the Term Loans) and (b) any loans under any Indirect Affiliate Indebtedness (including the Huntington Debt) the proceeds of which are received by Borrower only for the construction, development, operation, maintenance, ownership and related costs of the Mining Facilities.

  • As of each day during the term of this Agreement, no Person within the Borrowing Group (i) is a Sanctioned Person, (ii) is controlled by or is acting on behalf of a Sanctioned Person or (iii) is under investigation for an alleged breach of Sanction(s) by a governmental authority that enforces Sanctions; provided that the foregoing representations and warranties with respect to any Indirect Affiliate of the Borrower are made to the best of the Borrower's knowledge.

  • As of each day during the term of this Agreement, neither the Servicer nor any Affiliate of the Servicer (i) is a Sanctioned Person, (ii) is controlled by or is acting on behalf of a Sanctioned Person or (iii) is under investigation for an alleged breach of Sanction(s) by a governmental authority that enforces Sanctions; provided that the foregoing representations and warranties with respect to any Indirect Affiliate of the Servicer are made to the best of the Servicer's knowledge.