Beneficial Ownership Regulation definition

Beneficial Ownership Regulation means 31 C.F.R. § 1010.230.

Beneficial Ownership Regulation means 31 CFR § 1010.230.

Beneficial Ownership Regulation. United States 31 C.F.R. § 1010.230.

Examples of Beneficial Ownership Regulation in a sentence

• Each Lender that is subject to the Beneficial Ownership Regulation, the Patriot Act or any Canadian AML Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Parent and the other Loan Parties that pursuant to the requirements of the Beneficial Ownership Regulation, the USA PATRIOT Act (Title III of Pub.

• The Administrative Agent and each Lender shall have received, for any Credit Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, in form and substance acceptable to the Administrative Agent, a Certificate of Beneficial Ownership duly authorized, executed and delivered by each Credit Party.

• To the extent that any Seller is a “legal entity customer” under the Beneficial Ownership Regulation, such Seller shall promptly give notice to Buyer of any change in the information provided in any Beneficial Ownership Certification that would result in a change to the list of beneficial owners identified therein and shall promptly deliver an updated Beneficial Ownership Certification to Buyer.

• If any Credit Party qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, each Bank that so requests shall have received a Beneficial Ownership Certification in relation to such Credit Party at least three (3) Business Days prior to the Twelfth Amendment Effective Date.

• The Agent shall have received, as applicable, all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation.

More Definitions of Beneficial Ownership Regulation

Beneficial Ownership Regulation has the meaning set forth in Section 13.16.

Beneficial Ownership Regulation means 31 C.F.R. § 1010.230. “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

Beneficial Ownership Regulation means the regulation set forth at 31 C.F.R. § 1010.230 or any successor thereto.

Beneficial Ownership Regulation means 31 C.F.R. § 1010.230. “Borrower” has the meaning set forth in the introductory paragraph hereto. “Borrower’s Rating” means the senior secured long-term debt rating of the Borrower from S&P or Xxxxx’x. “Borrowing” means a group of 2026 Revolving Loans or 2027 Revolving Loans, as applicable, of a single Type made by the Lenders on a single date and, in the case of a Term SOFR Borrowing, having a single Interest Period. “Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized by law to close; provided, that, when used in Article III with respect to any action taken by or with respect to any Issuing Lender, the term “Business Day” shall not include any day on which commercial banks are authorized by law to close in the jurisdiction where the office at which such Issuing Lender books any Letter of Credit is located; and provided, further, that if such day relates to any interest rate settings as to a Term SOFR Loan, any fundings, disbursements, settlements and payments in respect of any such Term SOFR Loan, or any other dealings to be carried out pursuant to this Agreement in respect of any such Term SOFR Loan, means a U.S. Government Securities Business Day. “Capital Lease” means any lease of property which, in accordance with GAAP, should be capitalized on the lessee’s balance sheet. “Capital Lease Obligations” means, with respect to any Person, all obligations of such Person as lessee under Capital Leases, in each case taken at the amount thereof accounted for as liabilities in accordance with GAAP. “Change of Control” means (i) the acquisition by any Person, or two or more Persons acting in concert, of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of 25% or more of the outstanding shares of voting stock of PPL Corporation or its successors or (ii) the failure at any time of PPL Corporation or its successors to own, directly or indirectly, 80% or more of the outstanding shares of the Voting Stock in the Borrower. “Commitment” means, a 2026 Revolving Commitment and/or a 2027 Revolving Commitment, as the context may require. “Commitment Fee” has the meaning set forth in Section 2.07(a). “Commitment Ratio” means, with respect to any Lender, the percentage equivalent of the ratio which such Lender’s Commitment bears to the aggregate amount of all Comm...

Beneficial Ownership Regulation has the meaning assigned to such term in Section 4.01(l).

Beneficial Ownership Regulation means 31 C.F.R. §1010.230, as amended, modified, or supplemented from time to time.

Beneficial Ownership Regulation has the meaning specified in the definition of Beneficial Ownership Certification.