Approved Borrower definition

Approved Borrower means any wholly owned Subsidiary of the Company as to which a Designation Letter shall have been delivered to the Administrative Agent in accordance with Section 2.21 hereof and as to which a Termination Letter shall not have been delivered to the Administrative Agent.

Approved Borrower means (i) each of the entities set forth on Schedule III and (ii) any Wholly Owned Consolidated Subsidiary of the Company as to which a Designation Letter has been delivered to the Administrative Agent and as to which a Termination Letter shall not have been delivered to the Administrative Agent, which Subsidiary has been approved as a borrower hereunder by the Administrative Agent, all in accordance with Section 2.01(b).

Approved Borrower any wholly owned Subsidiary of the Company (other than any EEA Financial Institution) as to which a Designation Letter shall have been delivered to the Administrative Agent in accordance with Section 2.25 hereof and as to which a Termination Letter shall not have been delivered to the Administrative Agent. The Approved Borrowers as of the Closing Date are set forth on Schedule 2.25.

Examples of Approved Borrower in a sentence

• Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of the securities loaned.

• Payments to an Approved Borrower shall be made in accordance with the terms of the applicable SLA.

• The Client also acknowledges that, to the extent that either the Client or the Approved Borrower is a non-U.S. resident, the Lending Agent may be required to withhold tax on amounts payable to or by the Client pursuant to a securities loan and may at any time claim from the Client any shortfall in the amount so withheld.

• If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, the Lending Agent will return such Collateral to the Approved Borrower.

• Pursuant to the SLA, the Client shall have the right to invest Cash Collateral received in respect of any loan, subject to an obligation, upon the termination of the loan, to return to the Approved Borrower the amount of cash initially pledged (as adjusted for any interim marks-to-market).

More Definitions of Approved Borrower

Approved Borrower means any entity specified on Schedule I hereto (which may be amended from time to time pursuant to Section 3(b) hereof).

Approved Borrower means, with respect to any Revolving Obligation or Delayed Drawdown Collateral Debt Obligation, any borrower that (a) is set forth in a schedule to such Revolving Obligation or Delayed Drawdown Collateral Debt Obligation that lists eligible borrowers under such Collateral Debt Obligation and (b) for the avoidance of doubt, does not cause such Collateral Debt Obligation to breach any Eligibility Criteria at the time the Issuer or the Collateral Manager on behalf of the Issuer enters into a binding agreement to purchase such Revolving Obligation or Delayed Drawdown Collateral Debt Obligation.

Approved Borrower means a borrower under the Private Rented Guarantees Scheme that satisfies the scheme rules and who has a loan application that has been approved both by the Licensee and by the Guarantor, for the purposes of this Licence and the issuance of a relevant Guarantee;

Approved Borrower means a person whose application has been approved by the Corporation;

Approved Borrower means a Person that has been approved by the Special Credit Committee, in its discretion, exercised in good faith in accordance with the Lender’s approval practices and requirements as in effect from time to time.

Approved Borrower means a borrower under the Affordable Housing Guarantee Scheme that satisfies the Scheme Rules and has made a loan application that has been approved both by the Licensee and by the Guarantor for the purposes of this Licence;

Approved Borrower means any other Group Member that is incorporated in the British Virgin Islands, Bermuda, the Cayman Islands, Hong Kong, Japan, UK or the USA (each, an "Approved Jurisdiction") or (if not specified above in the approved list of borrowers or located in an Approved Jurisdiction) has obtained the consent of each Lender under the relevant Facility to become a borrower thereunder, in each case, in respect of which each Finance Party has completed any KYC checks.