Borrower Facility definition

Borrower Facility means the premises located at 000 Xxxxxx Xxxxxxxx, Xxxxxxxxxx, Xxxxxxxxxxxxx, which are leased by Borrower pursuant to the Borrower Lease.

Borrower Facility means the premises located at 000 Xxxxxxxx XX, Albuquerque, New Mexico 87106, and the premises located at 0000 Xxxxxxx Xxx, Xxxxx X, Xxxxx, Xxxxxxxxxx 00000 which are leased by Borrower pursuant to the Borrower Lease, as the case may be.

Borrower Facility means each manufacturing or testing facility occupied or operated by any Obligor the operation of which is subject to the approval or licensing by the United States Food and Drug Administration and/or any other Governmental Approval relating to the manufacture or testing of medical devices and pharmaceutical or diagnostic products.

Examples of Borrower Facility in a sentence

• Borrower's ability to pay under the Borrower Facility Agreement Neither the Issuer, the Borrower nor any other party to the Programme Documents (other than upon certain circumstances, the Cash Collateral Provider and without prejudice to the Collateral Security granted by the Collateral Providers) guarantees or warrants the full and timely payment by the Borrower of any sums of principal or interest payable under the Borrower Advances, being part of the Issuer assets.

• Following the enforcement of a Borrower Event of Default subject to, and in accordance with, the relevant terms of the Borrower Facility Agreement, the Issuer undertakes to comply with the Amortisation Test.

• Following the enforcement of a Borrower Event of Default subject to, and in accordance with, the relevant terms of the Borrower Facility Agreement, the Issuer undertakes to comply with the Amortisation Test as described under section "Asset Monitoring" of this Base Prospectus.

• Each Borrower Advance granted by the Issuer to the benefit of the Borrower under the Borrower Facility Agreement shall be made available in the same Specified Currency and according to the same interest conditions to those applicable to the Covered Bonds funding such Borrower Advance.

• Without limiting the foregoing, upon any such default, Borrower shall promptly execute, acknowledge and deliver to Lenders such instruments as may reasonably be required of Borrower to permit Lenders to cure any default under the Borrower Lease or permit Lenders to take such other action required to enable Lenders to cure or remedy the matter in default and preserve the security interest of Lenders under the Loan Documents with respect to the Borrower Facility.

More Definitions of Borrower Facility

Borrower Facility means the premises located at 201 Elliott Avenue West, Seattle, Washington, which are leased by Borrower pursuant to the Borrower Lease.

Borrower Facility means the premises located at 000 X. Xxxxxxxx Avenue, Mountain View, CA 94043, which are leased by Borrower pursuant to the Borrower Lease.

Borrower Facility means the premises located at 000 Xxxxxxx Xxxxxx West, Seattle, Washington, which are leased by Borrower pursuant to the Borrower Lease.

Borrower Facility means the premises located at 480 Pleasant Street, Suites B300 and A-210, Watertown, MA 02472, which are leased by Borrower pursuant to the Borrower Lease.

Borrower Facility means the premises located at 0000 Xxxxxxxxxx Xxxxxx, Suite 100, San Diego, CA 92121, which are leased by Borrower pursuant to the Borrower Lease, or any subsequent premises at which Borrower’s chief executive office is located.

Borrower Facility means, collectively, those facilities described on Schedule 1 which are owned or leased by a Borrowing Base Group Member, other than ADS. “Borrower’s Facility” means each of the foregoing facilities.

Borrower Facility means the premises located at 345 Inverness Drive South, Eaglewood, CO 80112, which are leased by Borrower pursuant to the Borrower Lease.