Examples of Parent Borrower in a sentence

The Ultimate Parent, Borrower and each Borrowing Base Loan Party shall ensure that all payments made to it are made directly to a Controlled Account and shall deposit any cash or Cash Equivalents that it otherwise has or receives from time to time into a Controlled Account.
Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Parent Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded.
Neither Parent, Borrower nor any of their respective Subsidiaries is engaged in any unfair labor practice that could reasonably be expected to result in a Material Adverse Change.
Each Lender agrees promptly to notify the Parent Borrower and the Administrative Agent after any such set-off and application made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such setoff and application.
No action, suit or proceeding by or before any Governmental Authority or any arbitrator involving Parent, Borrower or any of their respective Subsidiaries, with respect to Anti-Corruption Laws is pending or threatened in writing nor is there a basis for such action, suit, or proceeding.

More Definitions of Parent Borrower

Parent Borrower has the meaning assigned to such term in the preamble to this Agreement.

Parent Borrower shall have the meaning set forth in the preamble hereto.

Parent Borrower as defined in the recitals hereto.

Parent Borrower shall have the meaning assigned to such term in the preamble hereto.

Parent Borrower shall have the meaning provided in the preamble to this Agreement.

Parent Borrower means X. X. Xxxxxx Corporation, Inc., a Delaware corporation.

Parent Borrower has the meaning assigned to such term in the recitals of this Agreement.