Approved Borrower definition

Approved Borrower means any wholly owned Subsidiary of the Company as to which a Designation Letter shall have been delivered to the Administrative Agent in accordance with Section 2.21 hereof and as to which a Termination Letter shall not have been delivered to the Administrative Agent.

Approved Borrower means (i) each of the entities set forth on Schedule III and (ii) any Wholly Owned Consolidated Subsidiary of the Company as to which a Designation Letter has been delivered to the Administrative Agent and as to which a Termination Letter shall not have been delivered to the Administrative Agent, which Subsidiary has been approved as a borrower hereunder by the Administrative Agent, all in accordance with Section 2.01(b).

Approved Borrower any wholly owned Subsidiary of the Company (other than any EEA Financial Institution) as to which a Designation Letter shall have been delivered to the Administrative Agent in accordance with Section 2.25 hereof and as to which a Termination Letter shall not have been delivered to the Administrative Agent. The Approved Borrowers as of the Closing Date are set forth on Schedule 2.25.

Examples of Approved Borrower in a sentence

• Each such Borrowing Request shall be irrevocable and shall be signed by a Responsible Officer of the Borrower; provided that, if such Borrowing Request is submitted through an Approved Borrower Portal, the foregoing signature requirement may be waived at the sole discretion of the Administrative Agent.

• The Borrower may from time to time request that the Issuing Lender issue a Letter of Credit by delivering to the Administrative Agent and the Issuing Lender at their respective addresses for notices specified herein (or by electronic communication, including an Approved Borrower Portal) an Application completed to the reasonable satisfaction of the Issuing Lender, and such other certificates, documents and other papers and information as the Issuing Lender may request.

• No Indemnitee shall be liable for any damages arising from the unauthorized use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems (including any Approved Borrower Portal), except to the extent any such damages arise from the gross negligence or willful misconduct or material breach in bad faith of such Indemnitee as determined by a court of competent jurisdiction in a final and non-appealable judgment.

More Definitions of Approved Borrower

Approved Borrower means any entity specified on Schedule I hereto (which may be amended from time to time pursuant to Section 3(b) hereof).

Approved Borrower means, with respect to any Revolving Obligation or Delayed Drawdown Collateral Debt Obligation, any borrower that (a) is set forth in a schedule to such Revolving Obligation or Delayed Drawdown Collateral Debt Obligation that lists eligible borrowers under such Collateral Debt Obligation and (b) for the avoidance of doubt, does not cause such Collateral Debt Obligation to breach any Eligibility Criteria at the time the Issuer or the Collateral Manager on behalf of the Issuer enters into a binding agreement to purchase such Revolving Obligation or Delayed Drawdown Collateral Debt Obligation.

Approved Borrower means a borrower under the Housing Guarantees Schemes that satisfies the Scheme Rules and who has a loan application that has been approved both by the Licensee and by the Guarantor, for the purposes of this Licence and the issuance of a relevant Guarantee;

Approved Borrower means any wholly owned Subsidiary of the Company as to which a Designation Letter

Approved Borrower means a “Borrower”, as defined in the GMSLA, with whom Computershare has concluded a GMSLA;

Approved Borrower means a person whose application has been approved by the Agency;

Approved Borrower means a person whose application has been approved by the Corporation;