Borrowing Representative definition

Borrowing Representative. A Trading Clearing Participant or such other category of persons prescribed by the Clearing House to be eligible to apply to become a Borrowing Representative, who has been approved by the Clearing House to perform certain functions with respect to borrowing of Securities by the Approved SBLNT Borrower. “Bursa SBL” The Securities borrowing and lending business established and operated by the Clearing House acting as a central lending agency.

Borrowing Representative means any Authorized Officer or any duly authorized employee of the Borrower; provided that the Administrative Agent shall have received a manually signed certificate of the Secretary of the Borrower as to the incumbency of, and bearing a specimen signature of, such duly authorized person or employee.

Borrowing Representative means Glenbrook Building Supply, Inc.

Examples of Borrowing Representative in a sentence

• Updated the SLB model by introducing Lending Representative and Borrowing Representative whose roles are only to submit SLB loan instructions.iii.

• The process to complete a loan recall must be started by the Borrower who must instruct its Borrowing Representative (BR) to submit a loan return request to the Clearing Entity to return the recalled loaned securities.

• 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.

• Without prejudice to the power conferred on the Clearing House in Rule 2A.2 pertaining to the conduct of inspection on a Clearing Participant, the Clearing House may, at any time and/or from time to time prior to or after the receipt of the prescribed declaration in Appendix 3, undertake any inspection and/or audit on the Clearing Participant seeking approval to act as a Borrowing Representative in the manner determined by the Clearing House.

• A Clearing Participant who has been approved to act as a Borrowing Representative must act as the duly appointed Representative of the Approved SBLNT Borrower when performing the functions and responsibilities set out under Rule 8.9(a) and as may be specified from time to time.

More Definitions of Borrowing Representative

Borrowing Representative means such Person as Loan Parties, collectively between or among themselves, may elect as their representative hereunder from time to time pursuant to Article 15. subject to Lender’s prior approval. On the Closing Date, the Borrowing Representative is Tecogen. "Business Day" shall mean with respect to LIBOR Rate Loans or any day on which commercial banks are open for domestic and international business, including dealings in Dollar deposits in London, England and New York, New York and with respect to all other matters, any day other than a day on which commercial banks in New York or Connecticut are authorized or required by law to close. "Capital Expenditures" shall mean all expenditures (or commitments to make expenditures) of Loan Parties on a Consolidated and Consolidating basis for fixed or capital assets (including any made or committed to be made pursuant to capitalized leases) which, in accordance with GAAP, constitute capital expenditures in the period made. "Capital Lease" shall mean any lease of Equipment or Real Property by a Loan Party or any of its Subsidiaries that, in accordance with GAAP, is or should be reflected as a liability on the balance sheet of such Loan Party or such Subsidiary. "Capitalized Lease Obligations" shall mean any Indebtedness represented by obligations under a Capital Lease, and the amount of such Indebtedness shall be the capitalized amount of such obligations determined in accordance with GAAP. "CERCLA" shall mean the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, 42 U.S.C. §§9601 ^ seq. -4_

Borrowing Representative means Initial Borrower.

Borrowing Representative means the Parent Company.

Borrowing Representative means the Initial Borrower, if there is only one Borrower, but, otherwise, shall mean such Person among the Borrowers as the Borrowers, collectively between or among themselves, may elect as their representative hereunder from time to time pursuant to Article XV, subject to Lender’s prior approval. On the Closing Date, the Borrowing Representative is the Initial Borrower.

Borrowing Representative means Dxxxx X. Xxxxx.

Borrowing Representative means, as applicable, the US Borrowing Representative, the UK Borrowing Representative and/or the Belgian Borrowing Representative.

Borrowing Representative means KBS Builders, Inc.