Borrowers definition
Examples of Borrowers in a sentence
Each Borrower hereby irrevocably appoints Company as its agent, attorney-in-fact and legal representative for all purposes, including requesting disbursement of the Term Loan and receiving account statements and other notices and communications to Borrowers (or any of them) from Agent or any Lender.
Borrowers further acknowledge and agree that as of the close of business on July 31, 2026, the aggregate principal balance of Obligations outstanding under the Amended Credit Agreement totaled not less than $24,645,834.00 and that Borrowers are unconditionally liable to Agent and Lenders for payment of the foregoing aggregate amount, at a minimum.
The Borrowers shall not permit LTV as of the last day of each fiscal quarter of the Borrowers ending after first anniversary of Closing Date to exceed 60%.
Borrowers hereby ratify, confirm and reaffirm, all and singular, each of the terms and conditions of the Existing Credit Agreement and the other Loan Documents, and each of the warranties and representations made by Borrowers in the Existing Credit Agreement and the other Loan Documents.
Borrowers have requested that Agent and ▇▇▇▇▇▇▇ make certain amendments to the Existing Credit Agreement, subject to the terms and conditions contained herein.