Acceding Borrower definition

Acceding Borrower means a member of the Bank Group which has complied with the requirements of Clause 26.1 (Acceding Borrower).

Acceding Borrower is defined in Section 6.3.

Acceding Borrower means an Eligible SPV which has acceded to this Agreement as a Borrower pursuant to Clause 21 (Acceding Borrowers);

Examples of Acceding Borrower in a sentence

• The Administrative Agent shall have received evidence satisfactory to it as to the receipt by such Acceding Borrower of any necessary consents or waivers under any agreement applicable to such Acceding Borrower in order to enable such Acceding Borrower to enter into this Agreement and any other Loan Document, to perform its obligations hereunder and thereunder and to obtain Credit Extensions hereunder.

• The Administrative Agent shall have received an opinion of counsel, dated the date such Acceding Borrower becomes a Borrower hereunder and addressed to the Agents and all the Lenders, from the Senior Corporate Counsel of Micro, or such other counsel as shall be reasonably satisfactory to the Administrative Agent, covering the matters set forth in Exhibit K attached hereto as to such Acceding Borrower.

• The Administrative Agent shall have received (a) an original Accession Request and Acknowledgment duly completed and executed and delivered by such Acceding Borrower and (b) originals of any other instruments evidencing accession of such Acceding Borrower hereunder as the Administrative Agent may reasonably request, in each case effective as of the date such Acceding Borrower becomes a Borrower hereunder.

• The Administrative Agent shall have received with counterparts for each Lender, a Compliance Certificate from Micro, dated the date such Acceding Borrower becomes a Borrower hereunder.

• The Company confirms that no Default is continuing or would occur as a result of the Acceding Borrower becoming an Additional Borrower.

More Definitions of Acceding Borrower

Acceding Borrower means each company which has become a Borrower in accordance with Clause 31.1 (Acceding Borrowers).

Acceding Borrower means a Subsidiary of the Original Borrower which becomes a Borrower after the date of this Agreement in accordance with clause 22.2;

Acceding Borrower means any company which has executed and delivered a Borrower Accession Memorandum, and which has not subsequently ceased to be an Acceding Borrower, pursuant to Clause 41;

Acceding Borrower means COB plc after it has become a Borrower hereunder pursuant to Clause 0 (Acceding and Additional Borrowers and Additional Guarantor).

Acceding Borrower means any company carrying on business in England and Wales or, as the case may be, Canada which has executed and delivered a Borrower Accession Memorandum pursuant to Clause 42 (Acceding Borrowers);

Acceding Borrower means a member of the Group that, after the date of this Agreement, becomes a Borrower in accordance with the terms of this Agreement;

Acceding Borrower is defined in SECTION 6.3.