Master Borrower definition

Master Borrower means Greenwood Financial, Inc., a Delaware corporation.

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Master Borrower has the meaning defined in the Introductory Paragraph to this Agreement.

Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (152) “Material Contract” means any contract or agreement to which a Borrower is a party or by which it is bound, which is material to the business of that Borrower, having regard to its subject matter or the potential consequences of breach or termination (and shall include, without limitation, any OEM Agreement). (153) “Medium Duty Truck” means a medium-duty truck having a gross vehicle weight between 10,001 lbs. and 26,000 lbs. (154) “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event including (i) in the case of a casualty, insurance proceeds and (ii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all reasonable fees and out-of-pocket expenses paid to third parties (other than Affiliates) in connection with such event, and (ii) the amount of all payments required to be made as a result of such event to repay Debt (other than the Loans) secured by such asset or otherwise subject to mandatory prepayment as a result of such event. (155) “New Leased Unit” means a passenger car, Light Duty Truck, motorcycle or boat from car, motorcycle or boat manufacturers, as applicable, approved by the Administrative Agent, from the current and preceding one model year and with an odometer reading of 24,000

Examples of Master Borrower in a sentence

Master Borrower is a corporation principally formed to engage in financing transactions with and on behalf of the Guarantor and the other Borrowers.
A certificate as to the amount of such payment or liability delivered to Master Borrower by a Lender (with a copy to Agent), or by Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.
Credit Agreement: Credit agreement dated as of June 3, 2022 among, inter alios, Lithia Master LP Company, LP and the other entities party thereto, as borrowers, The Bank of Nova Scotia, as 2 Master Borrower to be included as party if consent required 3 Select as applicable.
The Master Borrower hereby represents and warrants that this Certificate presents fairly the Wholesale Leasing Borrowing Base Base and the amounts set forth herein are in compliance with the provisions of the Credit Agreement.
Satisfaction of the conditions set forth in this Section 4 shall be evidenced by the delivery by Agent to Master Borrower of executed signatures pages for the Agent and Requisite Lenders.
The Administrative Agent shall forthwith, and in any event within two (2) Business Days, notify each Requested Lender of such request by Master Borrower (the date on which such notice is given being the “Notification Date”).
In addition, any Lender, if requested by Master Borrower or Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by Master Borrower or Agent as will enable Borrowers or Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.
Master Borrower: Greenwood Financial, Inc., a Delaware corporation By: ▇▇▇▇▇▇ ▇.
Each Lender may, by written notice to Agent and Master Borrower, designate replacement or additional Lending Offices through which Loans and Letter of Credit Advances will be made by it and for whose account Loan payments or a payment with respect to Letter of Credit Advances are to be made.
Master Borrower shall give Agent written notice that Master Borrower desires that an Eligible Project be added to the Borrowing Base, such notice to be delivered to Agent sixty (60) days prior to the desired admission date.

More Definitions of Master Borrower

Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (168) (152) “Material Contract” means any contract or agreement to which a Borrower is a party or by which it is bound, which is material to the business of that Borrower, having regard to its subject matter or the potential consequences of breach or termination (and shall include, without limitation, any OEM Agreement). (169) (153) “Medium Duty Truck” means a medium-duty truck having a gross vehicle weight between 10,001 lbs. and 26,000 lbs.

Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. CREDIT AGREEMENT LEGAL_43503785.7 (177) “Master LP Borrowers” means the Borrowers, other than the Lithia Canada Dealers, or a singular Master LP Borrower where the context requires, and shall mean all the Master LP Borrowers jointly and severally. (178) “Master LP Obligors” means the Obligors, other than the Lithia Canada Dealer Obligors. (179) (165) “Material Adverse Change” means,: (a) where used in relation to the affairs of the Master LP Obligors, a change that, in the opinion of the Lenders, has or would reasonably be expected to have a Material Adverse Effect and,, (b) where used in relation to the affairs of the Lithia Canada Dealers, a change that, in the opinion of the Lenders, has or would reasonably be expected to have a Material Adverse Effect, and (c) where used in relation to any other entity, has a similar meaning. (180) (166) “Material Adverse Effect” means: (a) where used in relation to the affairs of the Master LP Obligors, a material adverse effect on (ai) the financial condition of the Master LP Obligors on a combined basis and taken as a whole; (bii) the ability of the Master LP Obligors to observe or perform their obligations under the Loan Documents to which they are a party or the validity or enforceability of such Loan Documents or any material provision thereof; (ciii) the property, business, operations, liabilities or capitalization of the Master LP Obligors on a combined basis and taken as a whole; or (div) the Security Documents, the priority of the Liens granted thereunder or any right or remedy of the Administrative Agent thereunder., and (167) “Master Borrower” means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (b) where used in relation to the affairs of the Lithia Canada Dealers, a material adverse effect on (i) the financial condition of the Lithia Canada Dealers on a combined basis and taken as a whole; (ii) the ability of the Lithia Canada Dealers to observe or perform their obligations under the Loan Documents to which they are a party or the validity or enforceability of such Loan Documents or any material provision thereof; (iii) the property, business, operations, liabilities or capitalization of the Lithia Canada Dealers on a combined basis and taken as a whole; or (iv) the Security Documents (Lithia Canada Dealer), the priority of the Liens granted thereunder or any right or remedy of the Administrative Agent t...

Master Borrower means LITHIA MASTER LP COMPANY, LP, and its successors and permitted assigns. (b) where used in relation to the affairs of the Lithia Canada Dealers, a material adverse effect on (i) the financial condition of the Lithia Canada Dealers on a combined basis and taken as a whole; (ii) the ability of the Lithia Canada Dealers to observe or perform their obligations under the Loan Documents to which they are a party or the validity or enforceability of such Loan Documents or any material provision thereof; (iii) the property, business, operations, liabilities or capitalization of the Lithia Canada Dealers on a combined basis and taken as a whole; or (iv) the Security Documents (Lithia Canada Dealer), the priority of the Liens granted thereunder or any right or remedy of the Administrative Agent thereunder or any right or remedy of the Administrative Agent thereunder. (181) (168) “Material Contract” means any contract or agreement to which a Borrower is a party or by which it is bound, which is material to the business of that Borrower, having regard to its subject matter or the potential consequences of breach or termination (and shall include, without limitation, any OEM Agreement). (182) (169) “Medium Duty Truck” means a medium-duty truck having a gross vehicle weight between 10,001 lbs. and 26,000 lbs. (183) (170) “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event including (i) in the case of a casualty, insurance proceeds and (ii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b)