Bermuda Borrower Bank Guaranty definition

Bermuda Borrower Bank Guaranty means each Bank Guaranty (which may be denominated in Dollars or an Alternative Currency) issued for the account of the Bermuda Borrower pursuant to Section 2B.01 and designated as such by the Bermuda Borrower in the respective Bank Guaranty Request (or, in the case of an Existing Bank Guaranty, to the extent provided in Section 2B.01(d)).
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Bermuda Borrower Bank Guaranty means each Bank Guaranty (which may be denominated in Dollars, Euros or Sterling) issued for the account of the Bermuda Borrower pursuant to Section 2B.01 and designated as such by the Bermuda Borrower in the respective Bank Guaranty Request; provided that each "Bank Guaranty" issued for the account of the Bermuda Borrower prior to the First Amendment Effective Date shall be deemed to be a "Bermuda Borrower Bank Guaranty" for all purposes of this Agreement and the other Credit Documents following the First Amendment Effective Date.
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Bermuda Borrower Bank Guaranty for all purposes of this Agreement and the other Credit Documents following the First Amendment Effective Date.
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Examples of Bermuda Borrower Bank Guaranty in a sentence

  • Each Bank Guaranty shall constitute either a U.S. Borrower Bank Guaranty or a Bermuda Borrower Bank Guaranty.

  • Each notice shall be in the form of Exhibit C-2 (each, a “Bank Guaranty Request”), including, without limitation, whether the requested Bank Guaranty shall constitute a U.S. Borrower Bank Guaranty or a Bermuda Borrower Bank Guaranty and, by specifying the Available Currency in which the requested Bank Guaranty is to be denominated.

  • Each notice shall be in the form of Exhibit C-2 (each, a "Bank Guaranty Request"), including without limitation whether the requested Bank Guaranty shall constitute a U.S. Borrower Bank Guaranty or a Bermuda Borrower Bank Guaranty and by specifying the Available Currency in which the requested Bank Guaranty is to be denominated.

  • Each such bank guaranty, including any extension or renewal thereof (each, as amended from time to time in accordance with the terms thereof and hereof, an "Existing Bank Guaranty"), shall constitute either a "Bermuda Borrower Bank Guaranty" or a "U.S. Borrower Bank Guaranty" (as set forth on Part B of Schedule XI) for all purposes of this Agreement and issued, for purposes of Section 2B.04(a), on the Restatement Effective Date.

  • Each notice shall be in the form of Exhibit C-2 (each, a "Bank Guaranty Request"), including, without limitation, whether the requested Bank Guaranty shall constitute a U.S. Borrower Bank Guaranty or a Bermuda Borrower Bank Guaranty and, by specifying the Available Currency in which the requested Bank Guaranty is to be denominated.

  • Each such bank guaranty, including any extension or renewal thereof (each, as amended from time to time in accordance with the terms thereof and hereof, an "Existing Bank Guaranty") shall constitute either a "Bermuda Borrower Bank Guaranty" or a "U.S. Borrower Bank Guaranty" (as set forth on Part B of Schedule XI) for all purposes of this Agreement, issued, for purposes of Section 2B.04(a), on the Restatement Effective Date.

  • Each such bank guaranty, including any extension or renewal thereof (each, as amended from time to time in accordance with the terms thereof and hereof, an "Existing Bank Guaranty") shall constitute a "Bermuda Borrower Bank Guaranty" for all purposes of this Agreement, issued, for purposes of Section 2B.04(a), on the Initial Borrowing Date.


More Definitions of Bermuda Borrower Bank Guaranty

Bermuda Borrower Bank Guaranty or a "U.S. Borrower Bank Guaranty" (as set forth on Part B of Schedule XI) for all purposes of this Agreement, issued, for purposes of Section 2B.04(a), on the Restatement Effective Date. Any Lender hereunder (and any of such Lender's Affiliates and/or branches) which has issued an Existing Bank Guaranty shall constitute a "Bank Guaranty Issuer" for all purposes of this Agreement.
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Related to Bermuda Borrower Bank Guaranty

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

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

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • 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”.

  • Borrower Agreement shall have the meaning provided such term in Section 3(a) hereof.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

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

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

  • 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.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • 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.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Canadian Borrower as defined in the preamble hereto.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • 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;

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.