Supplemental Borrowers definition
Examples of Supplemental Borrowers in a sentence
All Advances in respect of any Supplemental Tranche Loan shall be advanced to one or more Supplemental Borrowers that are Borrowers under the applicable Supplemental Tranche Loan.
Within the limits of each Lender’s Unused Supplemental Tranche Commitment in effect from time to time and prior to the Termination Date, the applicable Supplemental Borrowers may borrow under this Section 2.01(a)(vi), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a)(vi).
The existing Borrower(s) or the Additional Borrower(s) that will be the Supplemental Borrower(s) with respect to the Supplemental Tranche: ______________.
Subject to and upon the terms and conditions set forth herein, each Lender with a Supplemental Tranche Commitment severally agrees, on the terms and conditions hereinafter set forth, to make the Supplemental Tranche Loan in the applicable Supplemental Tranche Currency as a single Advance to each of one or more Supplemental Borrowers on the applicable Supplemental Tranche Effective Date.
Within the limits of each Lender’s Unused Supplemental Tranche Commitment in effect from time to time and prior to the Termination Date, the applicable Supplemental Borrowers may borrow under this Section 2.01(a)(vii), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a)(vii).
SECURITY AGREEMENT, as amended by the Original Borrowers Security Agreement Amendment and the Supplemental Borrowers Security Agreement Amendment, granting Administrative Agent a first priority security interest in all of the personal property of Borrowers (other than Kansas Holdings) and Parent that constitute Kansas Assets, and all products and proceeds thereof.
Step▇▇▇ ▇▇▇▇ The undersigned Supplemental Borrowers consent and agree in all respects to the forgoing European Credit Agreement as Supplemental Borrowers, Borrowers and Guarantors under that agreement and all related Loan Documents as those terms are defined in the foregoing European Credit Agreement.
The existing Borrower(s) or the Additional Borrower(s) that will be the Supplemental Borrower(s) with respect to the Supplemental Tranche: .
The Borrowers agree that according to their terms, Borrowers’ obligations (and the Liens granted by the Borrowers) under the Existing Collateral Documents (as amended pursuant to the Original Borrowers Security Agreement Amendment and Supplemental Borrowers Security Agreement Amendment) to which they are a party will continue in full force and effect to secure the Obligations.