Common use of Foreign Bank Clause in Contracts

Foreign Bank. Any Bank that is organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

Foreign Bank. Any With respect to any Borrower, any Bank that is organized under the laws Laws of a jurisdiction other than that in which the such Borrower is resident for tax purposespurposes (including such a Bank when acting in the capacity of the Issuing Bank). For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

Foreign Bank. Any With respect to any Borrower, any Bank that is organized under the laws Laws of a jurisdiction other than that in which the such Borrower is resident for tax purposespurposes (including such a Bank when acting in the capacity of the Issuing Bank). For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. Foreign Borrower. Each of the Canadian Borrowers and the U.K. Borrowers.