Approved SBLNT Borrower definition

Approved SBLNT Borrower. A person whose application to participate as a borrower in SBL Negotiated Transactions either to borrow for itself or its client, has been approved by the Clearing House. “Approved SBLNT Lender” A person whose application to participate as a lender in SBL Negotiated Transactions, either to lend its own Securities or Securities owned by its client, has been approved by the Clearing House.
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Approved SBLNT Borrower means a person whose application to participate as a borrower in SBL Negotiated Transactions either to borrow for itself or its client, has been approved by the Clearing House;
Sample 1Sample 2Sample 3
Approved SBLNT Borrower means aA person whose application to participate as a borrower in
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Examples of Approved SBLNT Borrower in a sentence

  • An Approved SBLNT Borrower must ensure that all Loaned Securities are held in and where relevant, transferred to, the designated securities accounts as prescribed by the Clearing House and no other securities account.

  • I/We hereby agree to act as the *Lending Representative / Borrowing Representative / both Lending Representative and Borrowing Representative to carry out SBLNT for the *Approved SBLNT Lender / Approved SBLNT Borrower as stated in item 1 above.

  • Where the Clearing House has revoked the approval given to a SBLNT Participant, the Clearing House may direct such SBLNT Participant to terminate its SBL Negotiated Transaction and, in the case of an Approved SBLNT Borrower, to re-deliver the Loaned Securities to the Approved SBLNT Lender within the timeframe and in the manner as prescribed by the Clearing House.

  • I/We, *the Approved SBLNT Lender / the Approved SBLNT Borrower / both Approved SBLNT Lender and the Approved SBLNT Borrower hereby wish to appoint the corporation as stated in item 2 above as our*Lending Representative / Borrowing Representative / both Borrowing Representative and Lending Representative to carry out SBLNT.

  • An Approved SBLNT Lender or Approved SBLNT Borrower must appoint a clearing participant to act as its agent in respect of reporting the lending or borrowing transactions.

  • Any person wishing to be approved as an Approved SBLNT Lender or Approved SBLNT Borrower (or both) must submit a complete and duly executed application form as set out in “ANNEXURE 1”.

  • Where the Clearing House has revoked the approval given to a SBLNT Participant, the Clearing House may direct such SBLNT Participant to terminate its SBL Negotiated Transaction and, in the case of an Approved SBLNT Borrower, to re- deliver the Loaned Securities to the Approved SBLNT Lender within the timeframe and in the manner as prescribed by the Clearing House.

  • Participants are invited to submit their applications to be approved as an Approved SBLNT Lender, Approved SBLNT Borrower, Lending Representative or Borrowing Representative.

  • An Approved SBLNT Borrower must ensure that it obtains a confirmation from the Approved SBLNT Lender that the Approved SBLNT Lender has the eligible securities available to be lent to the Approved SBLNT Borrower.

  • Delivery of loaned securities is by way of book-entry transfer in the Central Depository System whereby the loaned securities will be debited from and credited to the securities accounts as specified by the Approved SBLNT Lender / Approved SBLNT Borrower.

Related to Approved SBLNT Borrower

  • Parent Borrower as defined in the preamble hereto.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Eligible Borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Applicant Borrower has the meaning specified in Section 2.14.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that:

  • means Borrower s forecasted consolidated and consolidating:

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Canadian Borrower as defined in the preamble hereto.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Borrower as defined in the preamble hereto.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • German Borrower means (a) any Borrower that is a resident for tax purposes in Germany and (b) any Borrower in respect of which written notice is given to the Administrative Agent (by the Company) prior to that Borrower becoming a Borrower hereunder that such Borrower is resident in Germany for German tax purposes.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.