Applicable U.S Clause Samples
The "Applicable U.S." clause defines which laws, regulations, or standards of the United States are relevant and will govern the agreement or specific aspects of it. In practice, this clause may specify that only federal law, or the laws of a particular U.S. state, apply to the interpretation and enforcement of the contract. By clearly identifying the applicable U.S. legal framework, this clause ensures clarity for all parties and helps prevent disputes over which jurisdiction's rules should be followed.
Applicable U.S. Revolver Sterling Index Margin" means the per annum interest rate margin from time to time in effect and payable in addition to the Sterling Index Rate applicable to the U.S. Revolving Loan denominated in Sterling, as determined by reference to Section 1.5(a).
Applicable U.S. Revolver LIBOR Margin" means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the U.S. Revolving Loan, as determined by reference to Section 1.5(a).
Applicable U.S. Borrower: (a) the Initial U.S. Borrower or (b) any other U.S. Borrower, as the context may require. Approved Fund: any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in its Ordinary Course of Business, has the capacity to fund Revolver Loans hereunder and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either.
Applicable U.S. Borrower: (a) the Initial U.S. Borrower, (b) the Added U.S. Borrower, or (c) any other U.S. Borrower, as the context may require. Approved Fund: any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in its Ordinary Course of Business, has the capacity to fund Revolver Loans hereunder and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either.
Applicable U.S. Laws shall mean the Foreign Corrupt Practices Act of the United States, as amended. Appraiser shall have the meaning set forth in Article 2.5.1(d). Approved Restructuring Costs shall have the meaning set forth in Article 8.5(b). Asset Seller Companies shall have the meaning set forth in Article 2.2.1(a). Assumed TE Liabilities shall have the meaning set forth in Article 2.2.2(a). Basel Site shall mean the buildings, structures and improvements, including the fixtures contained in such buildings, structures and improvements and the appurtenances relating thereto, being transferred to Buyer under Article 2.2.1(a)(viii) and specified in Schedule 2.2.1(a)(viii). Baseline Report shall have the meaning set forth in Article 9.4.1.1(a). Business Day shall mean a day other than a Saturday or a Sunday or any other day on which the commercial banks in Basel, Zurich and Salt Lake City are not open for general business. Buyer shall mean the legal entity designated as Buyer on the cover page to this Agreement. Cap shall have the meaning set forth in Article 11(b). Carve-out Book shall mean the document attached hereto as Schedule 8.1(a). CC shall mean the Swiss Civil Code (ZGB), as amended. CHF shall mean Swiss francs, being the lawful currency of Switzerland. Ciba Ancillary Agreements shall have the meaning set forth in Article 8.4(b).