Domestic Borrower definition

Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.
Domestic Borrower has the meaning specified in the introductory paragraph hereto.
Domestic Borrower means, with respect to each Tranche, a Borrower under such Tranche that is not a Foreign Borrower under such Tranche.

Examples of Domestic Borrower in a sentence

Notwithstanding the foregoing, no payments received from a Foreign Borrower shall be used to satisfy obligations of a Domestic Borrower.

If such Borrower is a Domestic Borrower, it is registered under the 1940 Act as a closed-end, non-diversified management investment company, or, if such Borrower is a Cayman Borrower, it is registered as a Mutual Fund under Section 4(3) of the Mutual Fund Law (2003 Revision) of the Cayman Islands.

Notwithstanding the foregoing, each new Borrower shall not be permitted to borrow under this Agreement until the following number of Business Days has elapsed after a fully executed Borrower Joinder has been delivered to the Banks: (i) five (5) with respect to a Domestic Borrower and (ii) ten (10) with respect to a Foreign Borrower.

Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Domestic Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States.

As the disclosed principal for its agent, each Domestic Borrower shall be obligated to the Administrative Agent and each Domestic Lender on account of Loans so made and Letters of Credit so issued as if made directly by the Domestic Lenders to such Domestic Borrower, notwithstanding the manner by which such Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Domestic Borrower.


More Definitions of Domestic Borrower

Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.
Domestic Borrower means a Borrower organized under the laws of the United States or any state or territory thereof or the District of Columbia.
Domestic Borrower means any Borrower incorporated or formed in any State of the United States of America or any political subdivision of any such State.
Domestic Borrower means a Borrower organized under the laws of the United States, any of the United States, or the District of Columbia.
Domestic Borrower shall have the meaning assigned to such term in the introductory paragraph to this Agreement.
Domestic Borrower means the Company, Polaris Sales, Inc., a Minnesota corporation, and each other Subsidiary of the Company incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia that is approved as a Domestic Borrower by the Required Lenders, and any such Domestic Borrower’s respective successors and assigns.