Subsidiary Borrower definition

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.

Subsidiary Borrower any Subsidiary of the Borrower that becomes a party hereto pursuant to Section 10.1(c)(i) until such time as such Subsidiary Borrower is removed as a party hereto pursuant to Section 10.1(c)(ii).

Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

Examples of Subsidiary Borrower in a sentence

• Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by delivery to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and (A) signed by the U.S. Borrower or (B) in the case of Borrowings by a Foreign Subsidiary Borrower, signed by the U.S. Borrower or such Foreign Subsidiary Borrower, as specified by the U.S. Borrower by prior written notice to the Administrative Agent.

• Such Subsidiary shall have delivered to the Administrative Agent a good standing certificate or full force and effect certificate, as the case may be, for such Subsidiary, issued on or about the date that such Subsidiary is to become a Subsidiary Borrower hereunder, by the Secretary of State in the state or states where such Subsidiary is incorporated or formed or qualified as a foreign entity.

• Each Borrower and such Subsidiary shall have executed and delivered to the Administrative Agent a fully executed Subsidiary Borrower Assumption Agreement, prepared by the Administrative Agent, with such additional provisions as the Administrative Agent, in its reasonable discretion, may determine are necessary or appropriate.

• If such Subsidiary is a Foreign Subsidiary, the Administrative Agent and each Lender shall have consented to such Foreign Subsidiary becoming a Subsidiary Borrower; provided that such consent shall not be unreasonably withheld.

• The Administrative Agent is hereby authorized by the Lenders to enter into such Subsidiary Borrower Assumption Agreement on behalf of the Lenders.

More Definitions of Subsidiary Borrower

Subsidiary Borrower means any Domestic Subsidiary of the Borrower that is designated as a borrower under this agreement in accordance with the terms of Section 4.14.

Subsidiary Borrower means any Subsidiaries of the Company duly designated by the Company pursuant to Section 2.20 to request Advances hereunder, which Subsidiary shall have delivered to the Administrative Agent an Assumption Letter in accordance with Section 2.20 and such other documents as may be required pursuant to this Agreement, in each case together with its respective successors and assigns, including a debtor-in-possession on behalf of such Subsidiary Borrower.

Subsidiary Borrower has the meaning specified in the Preliminary Statements to this Agreement.

Subsidiary Borrower means any Eligible Domestic Subsidiary or Eligible Foreign Subsidiary that becomes a Subsidiary Borrower pursuant to Section 2.21. and that has not ceased to be a Subsidiary Borrower pursuant to such Section.

Subsidiary Borrower means each Subsidiary of the Company listed as a Subsidiary Borrower on Schedule 1 as amended from time to time in accordance with Section 5.8.

Subsidiary Borrower means GMB (solely with respect to the Brazilian Facility), GMETC, GMF and any other Subsidiary that becomes a party hereto pursuant to Section 10.1(d) until such time as such Subsidiary Borrower is removed as a party hereto pursuant to Section 10.1(d).

Subsidiary Borrower means any Domestic Subsidiary Borrower or any Foreign Subsidiary Borrower.