UK Loan Party definition
Examples of UK Loan Party in a sentence
If such a Lender fails to indicate its status in accordance with this sub-paragraph (G) then that Lender shall be treated for the purposes of this Agreement (including by each UK Loan Party) as if it is not a UK Qualifying Lender until such time as it notifies the Administrative Agent which category applies (and the Administrative Agent, upon receipt of such notification, shall inform the Borrower Representative).
The Borrower Representative shall promptly, upon becoming aware that a UK Loan Party must make a UK Tax Deduction (or that there is any change in the rate or the basis of a UK Tax Deduction), notify the Administrative Agent accordingly.
The assignee shall deliver to the Administrative Agent in the event that any Borrower is a UK Loan Party, confirmation pursuant to Section 2.20(g)(iii)(G), together with any other confirmation or information as may be envisaged pursuant to Section 2.20(g)(iii) or, as applicable, any UK Tax Confirmation as may be applicable to that assignee, save to the extent it has not already provided such information and confirmations prior to the relevant assignment.
Each of the UK Loan Party and Beat CapitalOctave Specialty shall (a) within the relevant timeframe, comply with any notice it receives pursuant to Part 21A of the UK Companies Act 2006 from any Person incorporated in the United Kingdom whose Capital Stock is the subject of a UK Security Document in favor of the Secured Parties and (b) promptly provide the Administrative Agent with a copy of such notice.
If the Administrative Agent receives such notification from a Lender it shall notify the Borrower Representative and such UK Loan Party.