Borrower Entity definition
Examples of Borrower Entity in a sentence
The Borrower shall not, and shall not permit any other Borrower Entity to, engage in any business activity other than the maintenance and disposition of Collateral Loans; the ownership and disposition of Equity Interests and Eligible Investments; in the case of the Borrower, borrowing the Loans; pledging the Collateral and performing its obligations under the Loan Documents, in each case in compliance with the terms of this Agreement and the other Loan Documents.
The Borrower shall not, and shall not permit any other Borrower Entity to, change its type of organization, jurisdiction of organization or other legal structure without the prior written consent of the Requisite Lenders.
For the avoidance of doubt, nothing in this paragraph (c) shall be construed to permit any Borrower Entity to acquire Real Estate Loans.
If the Borrower shall refuse to join in the execution of any such instrument within 10 Business Days of any written request therefor by the LuxCo Collateral Agent, or if the U.S. Collateral Agent has given written notice to the LuxCo Collateral Agent that a Default or Event of Default has occurred and is continuing, then in any such instance the LuxCo Collateral Agent may act under the foregoing provisions without the concurrence of the Borrower or any other Borrower Entity.
The Borrower shall be obligated to perform its obligations under this Agreement, including those set forth in this paragraph, notwithstanding the ability of any Collateral Agent to take such actions pursuant to the provisions of Section 5.24 or any other provision of any Loan Document (or the ability of the Blackstone Asset Based Finance Representative to request the Borrower or any other Borrower Entity to take such actions pursuant to this paragraph).