Examples of Austrian Borrower in a sentence
Each Austrian Borrower represents and warrants to each Finance Party that it is acting as principal and for its own account and not as an agent or trustee or in any other capacity on behalf of any other party.
Must possess or be willing to obtain a CDL License with passenger and school bus endorsement within 3 months of Employment.
No, we are far from able to dictate the price of every commodity.
Nothing in this Agreement shall be construed to create any obligation of the Austrian Borrower or the Austrian Guarantors (each, an “Austrian Obligor”) to act in violation of mandatory Austrian capital maintenance rules (Kapitalerhaltungsvorschriften) including, without limitation, § 82 et seq.
The Austrian Loan As is customary in many Austrian commercial property transactions, the Austrian Loan is secured by a springing mortgage, which means an irrevocable offer to conclude a deed of mortgage over the Austrian Property, executed by the Austrian Borrower (the "Springing Mortgage").
With respect to Base Rate Loans advanced to the U.K. Borrower, the Austrian Borrower or the German Borrower, Fleet U.K., and in all other cases, FCC, as fronting bank and any other Person who replaces FCC or Fleet U.K., as the case may be, as Fronting Bank pursuant to the provisions of Section 2.11.3 hereof, provided, for purposes of this Credit Agreement, in the event the Fronting Bank is also a Lender.
With respect to Letters of Credit issued for the account of any of Hexcel, the Austrian Borrower or the German Borrower, Fleet and, with respect to Letters of Credit issued for the account of the U.K. Borrower, Fleet U.K. LC GUARANTY.
If an Austrian Registration Event has occurred the Austrian Borrower will become liable for the costs associated with the registration of the Springing Mortgage and funds standing to the credit of the Austrian Borrower Reserve Account will be applied to cover the costs for, and the stamp duty incurred by, a subsequent countersigning and registration of the Springing Mortgage.
Each Eurocurrency Rate Loan (a) to the U.K. Borrower shall be denominated in Dollars, or, subject to Section 2.10 hereof, in Pounds Sterling or Euros and (b) to the Austrian Borrower or the German Borrower shall be denominated in Dollars, or, subject to Section 2.10 hereof, in Euros.