Subsidiary Borrowers definition

Subsidiary Borrowers as defined in the preamble hereto.

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.

Subsidiary Borrowers means Foreign Subsidiary Borrowers and Domestic Subsidiary Borrowers.

Examples of Subsidiary Borrowers in a sentence

• Each Subsidiary Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, and each of TBC and each Subsidiary Borrower is qualified to do business in every jurisdiction where such qualification is required, except where the failure to so qualify would not have a material adverse effect on the financial condition of TBC and the Subsidiary Borrowers as a whole.

• Each of the Subsidiary Borrowers hereby appoints and authorizes TBC to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to TBC by the terms hereof, together with such powers as are reasonably incidental thereto.

• Notwithstanding anything in this Agreement to the contrary, each of the Subsidiary Borrowers shall be severally liable for the liabilities and obligations of such Subsidiary Borrower under this Agreement and its Borrowings, and Notes, if any.

• The provisions of this Section 10.13 shall survive the termination of this Agreement and payment of the obligations of the Borrower and the Subsidiary Borrowers under this Agreement and the other Loan Documents.

• The Borrower waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Foreign Subsidiary Borrowers and the Borrower with respect to the Obligations.

More Definitions of Subsidiary Borrowers

Subsidiary Borrowers means, effective upon the designation thereof pursuant to any Additional Subsidiary Borrower Designation Letter, each Additional Subsidiary Borrower.

Subsidiary Borrowers shall have the meaning given to such terms in the preamble of this Credit Agreement.

Subsidiary Borrowers shall have the meaning assigned to such term in the Recitals of this Agreement.

Subsidiary Borrowers means all Borrowers other than the Lead Borrower.

Subsidiary Borrowers has the meaning set forth in the introductory paragraph.

Subsidiary Borrowers each Domestic Subsidiary that is a Wholly-Owned Subsidiary and a Restricted Subsidiary that becomes a Borrower after 5 days written notice to the Administrative Agent pursuant to a Subsidiary Borrower Joinder, together with their respective successors and assigns.

Subsidiary Borrowers means all of the foregoing.