Domiciled definition

Domiciled means a place where:

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Domiciled. With respect to any Obligor with respect to, or issuer of, a Collateral Obligation:

Domiciled means, with respect to any Obligor with respect to a Collateral Loan, its country of organization or incorporation.

Examples of Domiciled in a sentence

As used herein, the following terms are defined in accordance with the UCC in effect in the State of New York from time to time: “Chattel Paper,” “Commercial Tort Claim,” “Equipment,” “Goods,” “Instrument,” “Investment Property,” “Letter-of- Credit Right” and “Supporting Obligation” and, as such terms relate to any such property of any Canadian Domiciled Loan Party, such terms shall refer to such property as defined in the PPSA.
Notwithstanding anything to the contrary in any of the Loan Documents, no monies, payments, property or Collateral of or from any Canadian Domiciled Loan Parties shall be used to satisfy, or support, directly or indirectly, any Obligations owing by any U.S. Domiciled Loan Party (other than monies, payments, property or Collateral that is not Cash Collateral which is used to satisfy amounts outstanding under Designated Foreign Guaranties pursuant to Section 5.5.1(b)(viii)).
Each U.S. Domiciled Loan Party and eachthe Specified Jurisdiction Guarantor, in all matters permitted by law, waives all defenses available to a surety, guarantor or accommodation co-obligor other than Full Payment of all Obligations.
It is agreed among each U.S. Domiciled Loan Party, eachthe Specified Jurisdiction Guarantor, Agent and Lenders that the provisions of this Section 5.10 are of the essence of the transaction contemplated by the Loan Documents and that, but for such provisions, Agent and ▇▇▇▇▇▇▇ would decline to make Loans and issue Letters of Credit.
The obligation of the Canadian Borrower to reimburse Canadian Issuing Bank for any payment made under a Canadian Letter of Credit shall be absolute, unconditional and irrevocable, and shall be paid without regard to any lack of validity or enforceability of any Canadian Letter of Credit or the existence of any claim, setoff, defense or other right that the Canadian Borrower or the Canadian Domiciled Loan Parties may have at any time against the beneficiary.

More Definitions of Domiciled

Domiciled means the location of the headquarters of the trade or business from which the trade or business of the foreign person is principally managed and directed.

Domiciled means having a true, fixed, principal, and permanent residence to which an individual intends to return.

Domiciled means physically residing in the unit with intent to remain.

Domiciled. With respect to any Obligor:

Domiciled means, with respect to any Obligor with respect to, or issuer of, a Collateral Obligation: (a) its country of organization; (b) if it is organized in a Tax Jurisdiction, each of such jurisdiction and the country in which, in the Servicer’s good faith estimate, a substantial portion of its operations are located or from which a substantial portion of its revenue is derived, in each case directly or through subsidiaries (which shall be any jurisdiction and country known at the time of designation by the Servicer to be the source of the majority of revenues, if any, of such Obligor or issuer) or (c) if its payment obligations in respect of such Collateral Obligation are guaranteed by a person or entity that is organized in the United States or Canada, then the United States or Canada.

Domiciled means maintained a domicile.

Domiciled. With respect to any Obligor with respect to a Collateral Obligation, (a) except as provided in clause (b) below, its country of organization; or (b) if it is organized in a Tax Jurisdiction, each of such jurisdiction and the country in which, in the Collateral Manager’s good faith estimate, a substantial portion of its operations are located or from which a substantial portion of its revenue is derived, in each case directly or through subsidiaries (which shall be any jurisdiction and country known at the time of designation by the Collateral Manager to be the source of the majority of revenues, if any, of such Obligor).