Borrowers definition
Examples of Borrowers in a sentence
Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to Section 3.05.
The accounts or records maintained by each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon.
Upon the applicable Incremental/Extended/Refinancing Effective Date, the Administrative Agent shall promptly notify the applicable Borrowers and the Lenders of the final allocation of such New Incremental Loans or New Incremental Revolving Commitments.
Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations.
If any Lender loses the original copy of its Note, it shall execute an affidavit of loss containing a customary indemnification provision that is reasonably satisfactory to the applicable Borrowers.