Common use of Eligible Borrower Clause in Contracts

Eligible Borrower. 2.1.1 assumes all the rights and benefits contained in the Issuer/Borrower Facility Agreement and undertakes, upon it becoming a Borrower, to perform all the obligations expressed to be undertaken under the Issuer/Borrower Facility Agreement by a Borrower (including, the covenants set out in Clauses 15 (Financial Information), 16 (Financial Covenants)and 17 (Other Covenants of the Obligors); 2.1.2 agrees that it shall be bound by the Issuer/Borrower Facility Agreement (including the Guarantees) in all respects as if it had been an original party thereto as at the date of the Issuer/Borrower Facility Agreement; and 2.1.3 appoints the Initial Borrower as agent for the purposes set out in Clause 5 (Appointment of Initial Borrower as Agent) of the Issuer/Borrower Facility Agreement.

Eligible Borrower. 2.1.1 assumes all the rights and benefits contained in the Issuer/Borrower Facility Agreement and undertakes, upon it becoming a Borrower, to perform all the obligations expressed to be undertaken under the Issuer/Borrower Facility Agreement by a Borrower (including, the covenants set out in Clauses 15 (Financial Information), 16 (Financial Covenants)and Covenants) and 17 (Other Covenants of the Obligors); 2.1.2 agrees that it shall be bound by the Issuer/Borrower Facility Agreement (including the Guarantees) in all respects as if it had been an original party thereto as at the date of the Issuer/Borrower Facility Agreement; and 2.1.3 appoints the Initial Borrower as agent for the purposes set out in Clause 5 (Appointment of Initial Borrower as Agent) of the Issuer/Borrower Facility Agreement.