Spanish Borrower definition
Examples of Spanish Borrower in a sentence
In respect of the Spanish Borrower, it does not fall into any of the categories set out in article 363 of the Spanish Companies Law which would require it to be dissolved.
In the case of a Spanish Borrower, it shall periodically report to the Bank of Spain the outstanding balance variations under this Agreement pursuant to the Bank of Spain’s Circular 4/2012, dated April 25, 2012, to the extent applicable.
Such deed of acknowledgement of debt shall be granted before the Notary designated by the Spanish Borrower and within the period of ten (10) Business Days from the date of the request made by the Administrative Agent on this regard.
In the case of a Spanish Borrower, and to the extent that a Spanish court requires it in the context of a Spanish process on recognition and enforcement of a judgment rendered by a New York court in relation to this Agreement, a sworn translation into Spanish of this Agreement shall be submitted.
For the purposes of article 317 of the Spanish Commercial Code, any interest due by the Spanish Borrower and unpaid under the Loan Documents (including any default interest) will be compounded with the principal amount of the relevant Loan at the end of each Interest Period but shall remain immediately due and payable.