Examples of UK Borrower in a sentence
Each Lender which becomes a party to this Agreement after the date of this Agreement and which is a UK Non-Bank Lender in respect of a UK Borrower, shall provide a UK Tax Confirmation to each UK Borrower and Administrative Agent in the Assignment and Assumption or other document which it executes on becoming a Party as Lender.
Each Lender shall notify the Company and Administrative Agent if it determines in its sole discretion that it is ceases to be (a) entitled to claim the benefits of an income tax treaty to which the United Kingdom is a party with respect to payments made by any UK Borrower hereunder or (b) a Qualifying Lender (other than a UK Treaty Lender) in respect of a UK Borrower or (c) a Swiss Qualifying Bank in respect of a Swiss Borrower.
If a Lender has not confirmed its scheme reference number and jurisdiction of tax residence inaccordance with p aragraph (g)(ii) above, no UK Borrower shall make a Borrower DTTP Filing or file any other form relating to the HMRC DT Treaty Passport scheme in respect of that Lender’s Commitment or its participation in any Loan unless the Lender otherwise agrees.
A copy of the Assignment and Assumption or other document executed by a relevant Lender and containing the confirmations or indications (as applicable) relating to UK Tax and Swiss Withholding Tax as set out in this Section 2.17(g) shall be delivered to the Company (for the benefit of each UK Borrower and each Swiss Borrower) by such Lender on the same day such document is delivered to the Administrative Agent.
Subject to clause (ii) below, each Lender, each UK Borrower and each Swiss Borrower which makes a payment to such Lender shall cooperate in completing any procedural formalities necessary for such UK Borrowerand such Swiss Borrower to obtain authorization to make such payment without withholding or deduction for Taxes imposed under the laws of the United Kingdom or Switzerland.