Applicable Australian Borrower Sample Clauses

The 'Applicable Australian Borrower' clause defines which Australian entity or entities are recognized as borrowers under the agreement. It typically specifies the legal names of the relevant Australian parties and may outline criteria or conditions under which an entity qualifies as an applicable borrower, such as being a subsidiary or affiliate of the main borrower. This clause ensures clarity regarding which parties are subject to the rights and obligations of the loan, thereby preventing confusion or disputes about liability and participation in the agreement.