Restricted Borrower definition
Examples of Restricted Borrower in a sentence
As of September 30, 1996, the amount available for Restricted Borrower Distributions was not greater than $38,000,000.
This Guarantee is a continuing guarantee and will extend to the ultimate balance of all sums payable by any Obligor under the Senior Finance Documents (other than by the Restricted Borrower under or in connection with the Restricted Term Loan Facilities), regardless of any intermediate payment or discharge in whole or in part.
Notwithstanding any contrary provision, it is the intention of Restricted Borrowers, Lenders, and Administrative Agent that the amount of the Obligation for which any Restricted Borrower is liable shall be, but not in excess of, the maximum amount permitted by fraudulent conveyance, fraudulent transfer, or similar Laws applicable to such Restricted Borrower.
To the extent any Revolver Lender has funded its ratable share of any payment or drawing under an LC, then the applicable Issuing Lender shall promptly distribute reimbursement payments received from any Restricted Borrower to such Revolver Lender according to its ratable share.
However, nothing in this Section 2.3 constitutes a waiver of the Rights of any Restricted Borrower or any Revolver Lender to assert any claim or defense based upon the gross negligence or willful misconduct of the applicable Issuing Lender.
CENTURY CABLE HOLDINGS, LLC, as a Restricted Borrower Address for all Restricted Borrowers: By: CENTURY CABLE HOLDING CORP., its sole member One North Main Street Coudersport, PA 16915 ▇▇: /▇/ ▇ames R.
Notwithstanding anything herein to the contrary, the Loans that 14 may be obtained by any Restricted Borrower shall be limited to Swing Line Loans.
Each Revolver Lender and Restricted Borrower agree that, in paying any draw under any LC, no Issuing Lender shall have any responsibility to obtain any document (other than any documents required by the respective LC) or to ascertain or inquire as to any document's validity, enforceability, sufficiency, accuracy, or genuineness or the authority of any Person delivering any such document.
Brown, Vice President HIGHLAND PRESTIGE GEORGIA, INC., as a Restricted Borrower By: /s/ Michael J.
Restricted Borrowers' obligations under this Section 2.3(c) shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim, or defense to payment which any Restricted Borrower may have at any time against Administrative Agent or any other Person.