New Borrower definition

New Borrower means a Series Borrower acting on behalf of and for the account of a New Fund, and (vii) “Amendment Borrowers” means each Continuing Borrower and each New Borrower.
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New Borrower means one or more newly formed entities which, after giving effect to a Holding Company Reorganization (a) shall be an entity organized under the laws of any political subdivision of the United States and be wholly owned (whether directly, or indirectly through one or more Intermediate Holding Companies) by the Holding Company; (b) shall, upon the completion of a Holding Company Reorganization, own or acquire (whether by transfer, consolidation, merger or otherwise) all of the assets that were owned by Gray immediately prior to a Holding Company Reorganization (including without limitation all of the Capital Stock of the operating Subsidiaries of Gray) and (c) shall assume all of the rights and obligations of Gray as “Borrower” under this Agreement and the other Loan Documents.
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New Borrower. Has the meaning set forth in Section 7.21.
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Examples of New Borrower in a sentence

  • Without limiting the generality of the preceding sentence, New Borrower agrees that it will be jointly and severally liable, together with Existing Borrower, for the payment and performance of all obligations and liabilities of Borrower under the Loan Agreement, including, without limitation, the Obligations.

  • Notices to New Borrower shall be given in the manner set forth for Borrowers in Section 11 of the Credit Agreement.

  • New Borrower acknowledges that the Financial Statements have been provided to Lender to induce Lender to enter into this Agreement and are being relied upon by Lender for such purposes.

  • At any time upon the reasonable request of Agent, New Borrower shall promptly execute and deliver to Agent such Additional Documents as Agent shall reasonably request pursuant to the Credit Agreement and the other Loan Documents, in each case in form and substance reasonably satisfactory to Agent.

  • New Borrower has determined that the execution, delivery and performance of this Agreement directly benefit, and are within the corporate purposes and in the best interests of, New Borrower, by virtue of the financial accommodations available to New Borrower from time to time pursuant to the terms and conditions of the Credit Agreement.


More Definitions of New Borrower

New Borrower means, upon the completion of the Restructuring, the new parent holding company that is the corporate parent of the Newspaper Subsidiary.
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New Borrower has the meaning set out in Section 10.05(2)(b).
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New Borrower is defined in the preamble.
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New Borrower means, with respect to each New Entity, such New Entity on behalf of a particular Series of such New Entity. For example, if a New Entity has two Series and wishes to borrow on behalf of one of those Series, the term “New Borrower” would be the New Entity on behalf of the Series that is borrowing; if the New Entity wishes to borrow on behalf of both Series, the term “New Borrower” would mean the New Entity on behalf of one Series and the New Entity on behalf of the other Series.
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New Borrower means you apply for this insurance:
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New Borrower means The ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Company, a Delaware corporation, which effective as of the Borrower Replacement Effectiveness Time shall be a publicly-traded corporation and the direct or indirect owner of 100% of the outstanding Stock and Stock Equivalents of the Original Borrower.
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New Borrower as defined in Section 10.1.9(d).
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