PR Borrower definition

PR Borrower has the meaning specified in the introductory paragraph to this Agreement.

PR Borrower means Puerto Ricancars Fleet, LLC, a Puerto Rican special purpose limited liability company established under the laws of the Commonwealth of Puerto Rico.

PR Borrower and “PR Borrowers” each has the meaning specified in the introductory paragraph hereto.

Examples of PR Borrower in a sentence

• The payment of any amounts due with respect to any indebtedness of Borrower, PR Borrower or any other Guarantor now or hereafter owing to any Guarantor by reason of any payment by such Guarantor under the Guarantee in this Section 6 is hereby subordinated to the prior indefeasible payment in full in cash of the Guaranteed Obligations.

• The obligations of the Guarantors under this Section 6 shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of Borrower and/or PR Borrower, as applicable, in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise.

• Neither the PR Borrower nor the Luxco Borrower will book the Loans made to such Borrower through a US branch within the meaning of Treas.

• Each of Borrower and PR Borrower hereby promises to pay to Administrative Agent for the account of each Lender the entire outstanding principal amount of such Lender's Revolving Credit Loans made to Borrower or PR Borrower, as the case may be, and each Revolving Credit Loan shall mature, on the Revolving Credit Commitment Termination Date.

• PR Borrower and each of its Subsidiaries are in compliance in all material respects with the requirements of (and no default has occurred under) all other contracts, agreements, indentures, mortgages, leases and other instruments binding on it or its property, assets or operations the violation of which could have a Material Adverse Effect.

More Definitions of PR Borrower

PR Borrower has the meaning set forth in the preamble to this Agreement.

PR Borrower means (1) prior to the consummation of the Lambda Reorganization is in accordance with Section 9.03(c), Initial PR Borrower, and (2) after the consummation of the Lambda Reorganization in accordance with Section 9.03(c), each of Initial PR Borrower and Lambda Operating Corp.

PR Borrower means Patheon Puerto Rico, Inc., a Puerto Rican corporation.

PR Borrower means Centennial Puerto Rico Operations Corp., a Delaware corporation, and PRP, as its successor on and after the date on which the PRP Transaction is consummated.

PR Borrower has the meaning assigned to such term in the first paragraph of this Agreement and any permitted successor thereto.

PR Borrower. Guarantor" or "Obligor" under the Credit Agreement or any Security Document. Each of the Credit Agreement and the Security Agreement shall remain in full force and effect, until (as applicable) and except to any extent modified hereby or by the Effectiveness Agreement or in connection herewith or therewith.

PR Borrower means Centennial Puerto Rico Operations Corp., a Delaware corporation.