Common use of Credit Events Relating to Foreign Subsidiary Borrowers Clause in Contracts

Credit Events Relating to Foreign Subsidiary Borrowers. The obligations of (x) the Lenders (including the Swingline Foreign Currency Lenders) to make Loans to any Foreign Subsidiary that becomes a Foreign Subsidiary Borrower after the Closing Date, (y) any Issuing Bank to issue Letters of Credit for the account of any such Foreign Subsidiary Borrower and (z) any Ancillary Lender to make available an Ancillary Facility to such Foreign Subsidiary Borrower, in each case to the extent designated in accordance with Section 2.20, are subject to the satisfaction of the following conditions (which are in addition to the conditions contained in Section 4.01):

Appears in 6 contracts

Samples: Credit Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Inc)

AutoNDA by SimpleDocs

Credit Events Relating to Foreign Subsidiary Borrowers. The obligations of (x) the Lenders (including the Swingline Foreign Currency Lenders) to make Loans to any Foreign Subsidiary that becomes a Foreign Subsidiary Borrower after the Closing Restatement Effective Date, (y) any Issuing Bank to issue Letters of Credit for the account of any such Foreign Subsidiary Borrower and (z) any Ancillary Lender to make available an Ancillary Facility to such Foreign Subsidiary Borrower, in each case to the extent designated in accordance with Section 2.20, are subject to the satisfaction of the following conditions (which are in addition to the conditions contained in Section 4.014.02):

Appears in 5 contracts

Samples: Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.