Applicable Belgian Borrower Sample Clauses

The 'Applicable Belgian Borrower' clause defines which Belgian entity or entities are considered borrowers under the agreement. It typically specifies the criteria or list of Belgian companies that are eligible to draw funds, receive loans, or otherwise participate as borrowers within the contractual framework. This clause ensures clarity regarding which parties are subject to the rights and obligations of a borrower, thereby preventing ambiguity and potential disputes over who is entitled to act as a borrower under the agreement.
Applicable Belgian Borrower. (a) the Initial Belgian Borrower or (b) any other Belgian Borrower, as the context requires.