Syndicate Member definition
Examples of Syndicate Member in a sentence
Unless otherwise expressly provided by applicable laws and regulations, any amount paid or payable by the Borrower to any Syndicate Member pursuant to the provisions of this Contract (whether such Syndicate Member acts as the actual payee or a paying agent) shall be free of all Taxes, i.e., the net amount receivable by such Syndicate Member.
Each other Syndicate Member hereby authorizes the Agent to directly enter into Security Documents, and any supplements or amendments thereto, with the relevant Security Providers in accordance with the principles and relevant facts set forth in this Contract.
The Borrower and each Syndicate Member shall each bear their own stamp duty in connection with the Finance Documents under applicable laws and regulations.
Each Syndicate Member shall keep accounting entries and records in connection with this Contract in its accounting books in accordance with its general business practice.
The Parties hereby agree that all fees and expenses incurred by any Syndicate Member in enforcing or preserving its rights under the Finance Documents in any jurisdiction (including but not limited to the fees of professional institutions such as lawyers and valuers and the costs of litigation or arbitration) shall be borne by the Borrower (unless otherwise provided by applicable laws and regulations).