Subsidiary Borrower Designation Letter definition

Subsidiary Borrower Designation Letter means the Subsidiary Borrower Designation Letter entered into by the Company and a wholly-owned Domestic Subsidiary of the Company pursuant to Section 2.19, pursuant to which such Subsidiary shall (subject to the terms and conditions of Section 2.19(b)) be designated as a Subsidiary Borrower, substantially in the form of Exhibit E-1 or any other form approved by the Administrative Agent.
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Subsidiary Borrower Designation Letter means a Subsidiary Borrower Designation Letter, substantially in the form of Exhibit A.
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Subsidiary Borrower Designation Letter being delivered to you pursuant to the above-referenced Credit Agreement. Except as otherwise provided herein, terms defined in the Credit Agreement are used herein as defined therein. By its signature below, the Company hereby designates _________________ (the "New Subsidiary Borrower") as a "Subsidiary Borrower" under the Credit Agreement. By its signature below, the New Subsidiary Borrower hereby agrees to be bound by all of the provisions of the Credit Agreement applicable to it in its capacity as a "Subsidiary Borrower" thereunder. In addition, the New Subsidiary Borrower hereby represents and warrants to the Administrative Agent and the Banks that:
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Examples of Subsidiary Borrower Designation Letter in a sentence

  • Upon such approval and the satisfaction of the conditions specified in paragraph (b) of this Section, the Administrative Agent shall accept the relevant Subsidiary Borrower Designation Letter whereupon the applicable Subsidiary shall become a party to this Agreement as a Subsidiary Borrower and entitled to borrow Revolving Credit Loans and to have Letters of Credit issued and Acceptances created for its own account hereunder.

  • To the extent that such Subsidiary Borrower is a Foreign Borrower, an acceptance from the "Process Agent" under and as defined in such Subsidiary Borrower Designation Letter, duly executed and delivered by such Process Agent.

  • A completed Subsidiary Borrower Designation Letter for such Subsidiary Borrower, substantially in the form of Exhibit G hereto, executed by the Company and such Subsidiary Borrower, it being understood that the Majority Banks shall have first consented to the respective Subsidiary of the Company being so designated as a "Subsidiary Borrower" hereunder (provided that it is understood that, effective upon the consummation of the Arrangement, each of Bowater Canadian Holdings Incorporated, Bowater Canada Inc.

  • Upon such approval and the satisfaction of the conditions specified in paragraph (b) of this Section, the Administrative Agent shall accept the relevant Subsidiary Borrower Designation Letter whereupon the applicable Subsidiary shall become a party to this Agreement as a Subsidiary Borrower and entitled to borrow Revolving Credit Loans and to have Letters of Credit issued for its own account hereunder.

  • This Subsidiary Borrower Designation Letter may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement.

  • The designation of the Subject Subsidiary as a Subsidiary Borrower under the Credit Agreement shall become effective as of the date (the “Effective Date”) on which the Administrative Agent accepts this Subsidiary Borrower Designation Letter as provided on the signature pages below.

  • Such documents and certificates as the Administrative Agent or Special Counsel may reasonably request relating to the organization, existence and good standing of the Subsidiary Borrower, the authorization of the Transactions and any other legal matters relating to the Subsidiary Borrower, this Agreement, the Subsidiary Borrower Designation Letter or the Transactions, all in form and substance satisfactory to the Administrative Agent and Special Counsel.

  • The Subject Subsidiary hereby agrees that this Subsidiary Borrower Designation Letter, the Credit Agreement and the Notes shall be governed by, and construed in accordance with, the law of the State of New York.

  • The Subject Subsidiary hereby submits to the exclusive jurisdiction of any New York State court or federal court of the United States of America, in each case sitting in New York County, and any appellate court from any thereof, for the purposes of all legal proceedings arising out of or relating to this Subsidiary Borrower Designation Letter, the Credit Agreement or the transactions contemplated thereby.

  • To the extent that such Subsidiary Borrower is a Foreign Subsidiary Borrower, an acceptance from the "Process Agent" under and as defined in such Subsidiary Borrower Designation Letter, duly executed and delivered by such Process Agent.


More Definitions of Subsidiary Borrower Designation Letter

Subsidiary Borrower Designation Letter means a Subsidiary Borrower Desig- nation Letter, substantially in the form of Exhibit A.”
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Subsidiary Borrower Designation Letter being delivered to you pursuant to the above-referenced Credit Agreement. Except as otherwise provided herein, terms defined in the Credit Agreement are used herein as defined therein. By its signature below, the U.S. Borrower hereby designates[ ] as a “Borrower” under the Credit Agreement and the Guarantee and Collateral Agreement. By its signature below, the undersigned Subsidiary Guarantor hereby agrees to be bound by all of the provisions of each of the Credit Agreement and the Guaran- tee and Collateral Agreement applicable to it in its capacity as a “Borrower” thereunder. In addition, the undersigned Subsidiary Guarantor hereby represents and warrants to the Ad- ministrative Agent and the Lenders that:
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Related to Subsidiary Borrower Designation Letter

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Borrowing Subsidiary means, at any time, any Subsidiary of the Company designated as a Borrowing Subsidiary by the Company pursuant to Section 2.19 that has not ceased to be a Borrowing Subsidiary pursuant to such Section or Article 7.

  • Designation Letter has the meaning specified in Section 2.17(a).

  • Foreign Borrower has the meaning specified in the introductory paragraph hereto.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Subsidiary Joinder Agreement means a joinder to this Agreement, substantially in the form of Exhibit C.

  • Resignation Letter means a letter substantially in the form set out in Schedule 7 (Form of Resignation Letter).

  • Borrower Joinder Agreement means a Borrower Joinder Agreement substantially in the form of Exhibit B-1.

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

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Subsidiary Agreement means the agreement referred to in Section I.B of Schedule 2 to this Agreement pursuant to which the Recipient shall make the proceeds of the Financing available to the Project Implementing Entity.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Borrowing Subsidiary Termination means a Borrowing Subsidiary Termination substantially in the form of Exhibit F-2.

  • Original Borrower means, as the context requires, any of them;