Common use of Designated Borrower Clause in Contracts

Designated Borrower. (a) Hasbro SA, a corporation organized under the laws of Switzerland and wholly-owned subsidiary of the Company, shall be the “Designated Borrower” hereunder and may borrow Loans for its account on the terms and conditions set forth in this Agreement. (b) The Obligations of the Company and the Designated Borrower shall be several in nature.

Appears in 5 contracts

Sources: Revolving Credit Agreement (Hasbro, Inc.), Revolving Credit Agreement (Hasbro, Inc.), Revolving Credit Agreement (Hasbro, Inc.)

Designated Borrower. (a) Effective as of the date hereof Hasbro SA, a corporation organized under the laws of Switzerland and wholly-owned subsidiary of the Company, shall be the “Designated Borrower” hereunder and may borrow receive Loans for its account on the terms and conditions set forth in this Agreement. (b) The Obligations of the Company and the Designated Borrower shall be several in nature.

Appears in 1 contract

Sources: Revolving Credit Agreement (Hasbro Inc)

Designated Borrower. (a) Effective as of the date hereof Hasbro SA, a corporation organized under the laws of Switzerland and wholly-owned subsidiary of the Company, shall be the “Designated Borrower” hereunder and may borrow Loans for its account on the terms and conditions set forth in this Agreement. (b) The Obligations of the Company and the Designated Borrower shall be several in nature.

Appears in 1 contract

Sources: Revolving Credit Agreement (Hasbro Inc)

Designated Borrower. (a) Hasbro SA, a corporation organized under the laws of Switzerland and wholly-owned subsidiary of the Company, shall be the "Designated Borrower" hereunder and may borrow Loans for its account on the terms and conditions set forth in this Agreement. (b) The Obligations of the Company and the Designated Borrower shall be several in nature.

Appears in 1 contract

Sources: Revolving Credit Agreement (Hasbro Inc)