Foreign Designated Borrower definition

Foreign Designated Borrower means any Designated Borrower that is a Foreign Subsidiary of the Company.
Sample 1Sample 2Sample 3
Foreign Designated Borrower means a Designated Borrower that is a Foreign Subsidiary of the Company.
Sample 1Sample 2Sample 3
Foreign Designated Borrower means a Designated Borrower that is a Foreign Subsidiary.
Sample 1Sample 2Sample 3

Examples of Foreign Designated Borrower in a sentence

  • Notwithstanding anything to contrary herein or in any other Loan Document, the Obligations of each Foreign Designated Borrower are several and not joint and no Foreign Designated Borrower shall be responsible for any other Borrower’s Obligations or failure to pay its Obligations hereunder.

  • Maintain all authorizations, consents, approvals, licenses, exemptions of, or filings or registrations with, any Governmental Authority, or approvals or consents of any other Person, of or in the jurisdiction in which any Foreign Designated Borrower is organized and existing which are required in connection with the Loan Documents.

  • The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty, and to release any Foreign Designated Borrower from its obligations under the Foreign Designated Borrower Guaranty, if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder or, in the case of a Foreign Designated Borrower, if such Foreign Designated Borrower ceases to be Borrower hereunder.

  • Notwithstanding the foregoing, the Foreign Designated Borrowers shall have no obligation for any such amounts resulting from the extension of credit solely for the benefit of WFS or any Domestic Designated Borrower (other than extensions of credit made to any Foreign Designated Borrower at the request of the Borrowing Agent).

  • Each of ______________________ (the “Designated Borrower”) and the Company hereby confirms, represents and warrants to the Administrative Agent and the Lenders that the Designated Borrower is a Subsidiary of the Company and shall be deemed a [Domestic] [Foreign] Designated Borrower under the Credit Agreement.

  • Swingline Loans denominated in Euros will be made available to any Foreign Designated Borrower organized under the laws of the Netherlands or another European country by Bank of America Mxxxxxx Lxxxx International, or one or more other branches or affiliates of Bank of America to be determined, on a same day basis, in each case subject to notice by a local time on such day in New York (with respect to U.S. dollars) or London (with respect to Euros) to be determined.

  • If any Multi-Currency Revolving Lender or any Specified Currency Revolving Lender incurs any Mandatory Costs attributable to the Obligations of a Foreign Designated Borrower, then from time to time the Borrowing Agent will pay (or cause the applicable Foreign Designated Borrower to pay) to such Lender such Mandatory Costs.

  • Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty or any Foreign Designated Borrower from its obligations under the Foreign Designated Borrower Guaranty pursuant to this Section 9.11.

  • Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty or any Foreign Designated Borrower from its obligations under the Foreign Designated Borrower Guaranty pursuant to this Section 9.10.

  • The Dutch Borrower shall be the only Foreign Designated Borrower and the only Designated Borrower on the Closing Date.


More Definitions of Foreign Designated Borrower

Foreign Designated Borrower means any Designated Borrower organized in any Designated Borrower Jurisdiction other than the United States or any state thereof or the District of Columbia.
Sample 1Sample 2Sample 3
Foreign Designated Borrower means the Dutch Borrower and any other Designated Borrower that is not a Domestic Designated Borrower.
Sample 1Sample 2
Foreign Designated Borrower means a Designated Borrower that is not organized under the laws of any political subdivision of the United States.
Sample 1

Related to Foreign Designated Borrower

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Foreign Borrower has the meaning specified in the introductory paragraph hereto.

  • Swiss Borrower means a Borrower incorporated, or for tax purposes resident, in Switzerland.

  • Foreign Loan Party means any Loan Party other than a U.S. Loan Party.

  • Borrowing Subsidiary means, at any time, any Subsidiary of the Company designated as a Borrowing Subsidiary by the Company pursuant to Section 2.19 that has not ceased to be a Borrowing Subsidiary pursuant to such Section or Article 7.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Canadian Borrower as defined in the preamble hereto.

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Domestic Credit Party means any Credit Party which is incorporated or organized under the laws of any State of the United States or the District of Columbia.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • German Borrower means a Borrower incorporated in Germany.

  • Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.