Designated Subsidiary Borrower definition

Designated Subsidiary Borrower means (i) each Tranche A Designated Subsidiary Borrower and (ii) each Tranche B Designated Subsidiary Borrower.

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Designated Subsidiary Borrower means each of ARC, ARL, AIC, WDCIC, ASIC, AESIC and each Person which is designated as an additional Designated Subsidiary Borrower after the Effective Date in accordance with Section 2.22 (in each case, unless otherwise removed as such in accordance with Section 2.23).

Designated Subsidiary Borrower means any Qualified Subsidiary as to which an Election to Participate shall have been delivered to Administrative Agent in accordance with Section 2.25; provided that the status of any of the foregoing as a Designated Subsidiary Borrower shall terminate if and when an Election to Terminate is delivered to Administrative Agent in accordance with Section 2.25.

Examples of Designated Subsidiary Borrower in a sentence

• The Issuing Agent will send a copy of each Notice of Non-Extension to the respective Designated Subsidiary Borrower concurrently with delivery thereof to the respective beneficiary, unless prohibited by law from doing so.

• The Parent Borrower shall pay (or cause the applicable Designated Subsidiary Borrower to pay) such Lender or such Fronting Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

• The Parent Borrower hereby agrees to pay (or cause the applicable Designated Subsidiary Borrower to pay) all reasonable costs and expenses incurred by any Lender or any Fronting Bank in connection with any such designation or assignment.

• If any or all of the Guaranteed Obligations of any Designated Subsidiary Borrower to the Guaranteed Creditors becomes due and payable hereunder, the Company unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, together with any and all expenses which may be incurred by the Guaranteed Creditors in collecting any of the Guaranteed Obligations.

• In the event that any Borrowing Base Certificate reflects a Borrowing Base deficiency for any Designated Subsidiary Borrower for whose account a Tranche A Letter of Credit has been issued, on the date such Borrowing Base deficiency is cured, such Designated Subsidiary Borrower shall issue a revised Borrowing Base Certificate reflecting such cure.

More Definitions of Designated Subsidiary Borrower

Designated Subsidiary Borrower has the meaning specified in the introductory paragraph hereto, but shall exclude any such Person with respect to which an Election to Terminate has been delivered to the Administrative Agent (it being understood that the delivery of an Election to Terminate shall not affect any obligation of a Designated Subsidiary Borrower theretofore incurred or the guarantee thereof under Article X).

Designated Subsidiary Borrower means each Wholly-Owned Subsidiary of the Company set forth on Schedule 2.17 and each Wholly-Owned Subsidiary of the Company which is designated as a Designated Subsidiary Borrower in accordance with Section 2.17.

Designated Subsidiary Borrower means Partner Reinsurance Company Ltd., Partner Reinsurance Company of the U.S., PartnerRe Insurance Company of New York, PartnerRe Ireland Insurance Limited, Partner Reinsurance Europe Limited, PARIS RE SA and each 90% Owned Subsidiary of the Company which is designated as a Designated Subsidiary Borrower in accordance with Section 1.16.

Designated Subsidiary Borrower means (a) ESI, (b) EUHC, (c) EWHL, (d) EWIL and (e) each Person which is designated as an additional Designated Subsidiary Borrower after the Effective Date in accordance with Section 1.14.

Designated Subsidiary Borrower has the meaning specified in the introductory paragraph hereto.

Designated Subsidiary Borrower means each Subsidiary of the Company listed as a Designated Subsidiary Borrower in Annex A-3, Fibreboard (as successor to Sierra Corp. after the Merger), and each other Subsidiary that may be approved as such (and, if requested by the Company, as a Belgian Borrower or a Canadian Borrower) by the Majority Banks.

Designated Subsidiary Borrower means each Subsidiary of the Parent that becomes a party hereto pursuant to Section 4.03; provided that, the only Designated Subsidiary Borrower permitted to become party hereto on the date hereof shall be Man UK.