Borrower Transaction Documents definition
Examples of Borrower Transaction Documents in a sentence
The transactions contemplated by the Borrower Transaction Documents do not and will not render the Borrower not Solvent.
All approvals, authorizations, consents, orders, licenses or other actions of any Person or of any Governmental Authority required for the due execution, delivery and performance by the Borrower of the Borrower Transaction Documents have been obtained.
Subject to filings to be made with the Registrar of Companies, all the requisite formalities (if any) required to be completed pursuant to sections 155 to 158 (inclusive) of the Companies Act to enable a Borrower to provide any financial assistance constituted pursuant to the Borrower Transaction Documents have been duly completed.
Subject to any reservations as to matters of law contained in applicable legal opinions dated on or about the Closing Date and addressed to the Borrower Security Trustee, the claims of the Borrower Secured Creditors against it under any of the Borrower Transaction Documents to which it is a party will rank at least pari passu with the claims of all its other unsecured creditors.
It is not required to make any Tax Deduction for or on account of any Tax from any payment it may make under the Borrower Transaction Documents to which it is a party.
There is no litigation, proceeding or investigation pending or, to the best knowledge of the Borrower, threatened against the Borrower, before any Governmental Authority (i) asserting the invalidity of the Borrower Transaction Documents, (ii) seeking to prevent the consummation of any of the transactions contemplated by any Borrower Transaction Document or (iii) seeking any determination or ruling that would reasonably be expected to have a Material Adverse Effect.
The claims of the Borrower Secured Creditors against it under any of the Borrower Transaction Documents to which it is a party will rank at least pari passu with the claims of all its other unsecured creditors, save for those claims that are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application.
To the best of its knowledge and belief, all applicable laws and regulations in England and Wales with respect to the Borrower Transaction Documents have been met and complied with.
The claims of the Borrower Secured Creditors against it under any of the Borrower Transaction Documents to which it is a party will rank at least pari passu with the claims Back to Contents of all its other unsecured creditors, save for those claims that are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application.
The Transaction Documents described in items (1), (2) and (3) above are herein sometimes collectively referred to as the "Borrower Transaction Documents".