Dutch Borrowers definition

Dutch Borrowers means (i) LKQ Netherlands, (ii) LKQ European Holdings B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated and existing under the laws of The Netherlands, and (iii) any other Foreign Subsidiary Borrower organized under the laws of The Netherlands that is designated as a Dutch Borrower by the Company.

Dutch Borrowers means the Dutch Parent Borrower and the Dutch Subsidiary Borrowers.

Dutch Borrowers means each Subsidiary of European Borrower organized under the laws of the Netherlands, and designated as such on Schedule 1.1(d), and each other Subsidiary of European Borrower organized under the laws of the Netherlands and requested by European Borrower to be a Dutch Borrower, subject to the approval of Administrative Agent.

Examples of Dutch Borrowers in a sentence

• All Dutch Borrowers shall be jointly and severally liable as borrowers for all Borrowings under the Dutch Subfacility of each Dutch Borrower regardless of which Dutch Borrower received the proceeds thereof.

• Ensure that any fiscal unity (fiscale eenheid) for Dutch corporate income tax purposes as defined in the Dutch Corporate Income Tax Act 1969 (Wet op de vennootschapsbelasting 1969) or a fiscal unity (fiscale eenheid) for VAT purposes as defined in the Dutch VAT Act 1968 (Wet op de omzetbelasting 1968), if any, that includes any Dutch Borrower shall consist of Dutch Borrowers only, unless with the prior written consent of the Administrative Agent.

• On any date of determination of the Dutch Borrowing Base, all of the Accounts owned by the Dutch Borrowers and reflected in the most recent Borrowing Base Certificate delivered by the Dutch Borrowers to the Administrative Agent shall be “Dutch Eligible Accounts” for the purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies.

• On any date of determination of the Dutch Borrowing Base, all of the Inventory owned by the Dutch Borrowers and reflected in the most recent Borrowing Base Certificate delivered by the Borrowers to the Administrative Agent shall be “Dutch Eligible Inventory” for the purposes of this Agreement, except any Inventory to which any of the exclusionary criteria set forth below applies.

• The Dutch Revolver Loans, Dutch LC Obligations and other Dutch Obligations constitute one general obligation of Dutch Borrowers and are secured by Agent’s Lien on all Dutch Collateral; provided, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Dutch Borrower to the extent of any Dutch Obligations jointly or severally owed by such Dutch Borrower.

More Definitions of Dutch Borrowers

Dutch Borrowers means the Dutch Parent Borrower and each Dutch Subsidiary of the Company that executes a counterpart hereto and to any other applicable Credit Document to become a Borrower, whether on the Closing Date or after the Closing Date in accordance with Section 2.21.

Dutch Borrowers shall have the meaning provided in the first paragraph of this Agreement.

Dutch Borrowers means (a) the Initial Dutch Borrowers and (b) any Additional Co-Borrower organized under the laws of the Netherlands that may become a party hereto after the date hereof.

Dutch Borrowers means the BV Borrower and any other Person that is incorporated in The Netherlands to whom a Loan is made available and “Dutch Borrower” means any one of them.

Dutch Borrowers means the Dutch Parent Borrower and each Dutch Subsidiary of the Company that executes a counterpart hereto and to any other applicable Credit Document to become a Borrower, whether on the Restatement Effective Date or after the Restatement Effective Date in accordance with Section 2.21.

Dutch Borrowers means, each of, and collectively, Insight Enterprises, Insight Netherlands, and any other Restricted Subsidiary of Insight incorporated under the laws of The Netherlands approved by the Administrative Agent that joins this Agreement as a “Dutch Borrower” in accordance with the terms hereof, and “Dutch Borrower” means any of them or all of them individually, as the context may require.

Dutch Borrowers means AMVAC Netherlands and AMVAC CV jointly and “Dutch Borrower” means each of them.