Parent Borrower definition
Examples of Parent Borrower in a sentence
Final allocations in respect of any Incremental Commitment will be made by the Parent Borrower together with the arrangers thereof, if any, in their discretion, on the terms permitted by this Section 2.25.
The Parent Borrower shall not, and shall not permit any Loan Party to, direct any Account Debtor to pay into any deposit account that is a collection account opened after the Closing Date unless the applicable Loan Party shall have satisfied its obligations pursuant to Section 5.22 with respect to any such deposit account.
Existing Lenders shall be granted an opportunity to participate in any Incremental Commitment on a pro rata basis subject to reasonable notice and response periods to be determined by the Parent Borrower, with any portions not elected by such Lenders to be provided on the proposed terms being able to be offered by the Parent Borrower to any other Lender or Additional Lender.
A certificate of a Lender or Issuing Bank setting forth in reasonable detail the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in Section 2.17(a) or (b) and delivered to the Parent Borrower, shall be conclusive absent manifest error.
Except as otherwise set forth herein, the pricing, interest rate margins, rate floors, undrawn fees and original issue discount for any Incremental Commitments will be as determined by the Parent Borrower and the Persons providing such Incremental Commitments.