Foreign Subsidiary Revolving Borrowers definition

Foreign Subsidiary Revolving Borrowers means any Qualified Foreign Subsidiary as to which an Election to Participate shall be delivered to the Administrative Agent on or after the Closing Date in accordance with Section 2.15; provided that the status of any of the foregoing as a Foreign Subsidiary Revolving Borrower shall terminate if and when an Election to Terminate is delivered to the Administrative Agent in accordance with Section 2.15.
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Foreign Subsidiary Revolving Borrowers means the “Foreign Subsidiary Revolving Borrowers” from time to time party to the Credit Agreement.
Sample 1

Examples of Foreign Subsidiary Revolving Borrowers in a sentence

  • The Parent Borrower and, in the case of the Alternative Currency Revolving Credit Loans, the Parent Borrower and the Foreign Subsidiary Revolving Borrowers, jointly and severally, shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the Maturity Date for the Revolving Credit Facilities the aggregate principal amount of all of its Revolving Credit Loans outstanding on such date.

  • None of Holdings, the Parent Borrower, the Subsidiary Co-Borrowers or the Foreign Subsidiary Revolving Borrowers shall have any rights or obligations hereunder until the consummation of the Merger and any representations and warranties of the Parent Borrower, the Subsidiary Co-Borrowers or the Foreign Subsidiary Revolving Borrowers under the Loan Documents shall not become effective, and no Event of Default may occur, until such time.

  • The Parent Borrower, Holdings, the Subsidiary Co-Borrowers, the Foreign Subsidiary Revolving Borrowers, the Administrative Agent and the Lenders are party to that certain Credit Agreement dated as of May 13, 2008 (together with all Exhibits and Schedules thereto and as amended through the date hereof, the “Existing Credit Agreement”).

  • The Lenders have agreed to extend credit to the Foreign Subsidiary Revolving Borrowers subject to the terms and conditions set forth in the Credit Agreement.

  • The issues of Pakistan’s intervention in Kashmir in 1948 Nehru sent this matter to UN Security Council.2 Washington post reported that India was offered a permanent seat in the Security Council about 55 years ago in 1955.

  • The Company is an affiliate of the Foreign Subsidiary Revolving Borrowers, will derive substantial benefits from the extension of credit to the Foreign Subsidiary Revolving Borrowers pursuant to the Credit Agreement and is willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit.

Related to Foreign Subsidiary Revolving Borrowers

  • Foreign Subsidiary Borrower means each Borrower that is a Foreign Subsidiary.

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

  • Subsidiary Borrowers means (a) each Domestic Subsidiary that is a party hereto as of the Closing Date and (b) each Domestic Subsidiary that becomes a party to this Agreement after the Closing Date pursuant to Section 9.11 or otherwise.

  • Foreign Subsidiary Holdco means any Restricted Subsidiary which is organized under the laws of the United States (as defined for purposes of Section 956 of the Code) that has no material assets other than the Capital Stock and, if any, Indebtedness of (1) one or more Foreign Subsidiaries that are “controlled foreign corporations” as defined by Section 957 of the Code or (2) any other Foreign Subsidiary Holdco.

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

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Eligible Foreign Subsidiary means (i) any Foreign Subsidiary organized or incorporated under the laws of the British Virgin Islands, Canada or any province or territory thereof, the Netherlands or Switzerland and (ii) any other Foreign Subsidiary that is approved from time to time by the Administrative Agent and each of the Lenders in their reasonable discretion.

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

  • Direct Foreign Subsidiary means a Subsidiary other than a Domestic Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by the Borrower or a Domestic Subsidiary.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

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

  • 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.

  • Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Subsidiary Guarantor would cause a Deemed Dividend Problem.

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

  • German Borrower means a Borrower incorporated in Germany.

  • Foreign Subsidiaries means each Subsidiary of the Lead Borrower that is not a Domestic Subsidiary.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Foreign Borrower means any Borrower that is a Foreign Subsidiary.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • First Tier Foreign Subsidiary means each Foreign Subsidiary with respect to which any one or more of the Borrower and its Domestic Subsidiaries directly owns or Controls more than 50% of such Foreign Subsidiary’s issued and outstanding Equity Interests.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

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

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • Designated Foreign Subsidiaries means all members of the Company Group that are organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

  • U.S. Borrowers have the meanings specified in the preamble to this Agreement.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.