Common use of BORROWER CAPACITY Clause in Contracts

BORROWER CAPACITY. In this Agreement, except where provided to the contrary: (a) (REFERENCES TO BORROWER): a reference to the Borrower is a reference to the Borrower in its capacity as trustee of the PUMA Trust only, and in no other capacity; and (b) (REFERENCES TO ASSETS OF THE BORROWER): a reference to the undertaking, assets, business or money of the Borrower is a reference to the undertaking, assets, business or money of the Borrower in the capacity referred to in paragraph (a).