Related Borrower Subsidiary definition

Related Borrower Subsidiary has the meaning set forth in Section 10.1.
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Examples of Related Borrower Subsidiary in a sentence

  • There have been no citations of, notices of or orders of, material noncompliance issued by any Governmental Authority to any Borrower or its Related Borrower Subsidiary under any securities laws.

  • Each Borrower shall, and shall use all commercially reasonable efforts to cause each Related Borrower Subsidiary to, keep each License affecting any Collateral or any other material Property of such Borrower and Related Borrower Subsidiary in full force and effect as is customary for companies similarly situated, except as could not reasonably be expected to have a Material Adverse Effect.

  • Each Borrower shall, and shall cause each Related Borrower Subsidiary to, at all times, pay and discharge all Taxes prior to the date on which they become delinquent or penalties attach, unless the amount is not material to it or its financial condition or such Taxes are being Properly Contested.

  • Each Borrower shall and shall cause each Related Borrower Subsidiary to maintain, or cause to be maintained, in full force and effect the Borrower Collateral Accounts subject to the Depositary Agreement.

  • Borrowers shall, or shall cause each Related Borrower Subsidiary to, deliver via a database or similar data storage platform to Administrative Agent no later than ten (10) Business Days after the end of each month all Written Materials and Notices delivered to a Related Borrower Subsidiary during such month.

  • Each Borrower, on behalf of itself and each Related Borrower Subsidiary, consents to the foregoing Section 5.1.10 and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to such foregoing arrangements may exercise against any Borrower Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower Party in the amount of such participation.

  • Each Borrower shall, and shall cause each Related Borrower Subsidiary to, at all times, comply with the requirements of Schedule 6.1.15.

  • Each Related Borrower Subsidiary is classified, for U.S. federal income Tax purposes, either as an entity disregarded as separate from its owner, a partnership, a QRS or a TRS.

  • Each Borrower shall, and shall cause each Related Borrower Subsidiary to, promptly remit any amounts received by it or received by third parties on its behalf to Collateral Agent for deposit in the Borrower Collateral Accounts in accordance with the terms of the Depositary Agreement.

  • If any reclassification or reorganization also results in a change in shares of Common Stock covered by s ubsection 4.1.1, then such adjustment shall be made pursuant to s ubsection 4.1.1 or S ections 4.2, 4 .3 and this S ection 4.4. The provisions of this S ection 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

Related to Related Borrower Subsidiary

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Borrower as defined in the preamble hereto.

  • Foreign Subsidiary Borrower means each Borrower that is a Foreign Subsidiary.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Loan Party means the Borrower and each Guarantor.

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • Bank Subsidiary means the subsidiary or subsidiaries or the Bank which may from time to time be specified by the Bank to the Customer;

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Subsidiary Borrowers means (a) each Domestic Subsidiary that is a party hereto as of the Closing Date and (b) each Domestic Subsidiary that becomes a party to this Agreement after the Closing Date pursuant to Section 9.11 or otherwise.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.