Cayman Borrower definition

Cayman Borrower means any Borrower incorporated under the laws of the Cayman Islands.

Cayman Borrower shall have the meaning assigned to such term in the Preamble.

Cayman Borrower has the meaning specified in the introductory paragraph hereto.

Examples of Cayman Borrower in a sentence

• If such Borrower is a Domestic Borrower, it is registered under the 1940 Act as a closed-end, non-diversified management investment company, or, if such Borrower is a Cayman Borrower, it is registered as a Mutual Fund under Section 4(3) of the Mutual Fund Law (2003 Revision) of the Cayman Islands.

• Each Cayman Borrower shall will maintain its status as a Mutual Fund registered as such under Section 4(3) of the Mutual Fund Law, as amended, of the Cayman Islands.

• If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the U.S. Borrower or Cayman Borrower, as applicable, shall be deemed to have selected an Interest Period of one month’s duration.

• Subject to the terms and conditions hereof, the Cayman Borrower and the Parent Borrower may borrow, repay and reborrow Revolving Credit Loans hereunder until the Revolving Credit Maturity Date.

• In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Cayman Borrower to, or entered into by the Cayman Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control.

More Definitions of Cayman Borrower

Cayman Borrower has the meaning assigned thereto in the introductory paragraph to this Agreement.

Cayman Borrower is defined in the preamble to this Agreement.

Cayman Borrower means Seagate Technology International, an exempted limited liability company organized under the laws of the Cayman Islands.

Cayman Borrower is defined in the preamble.

Cayman Borrower as defined in Section 11.6(l).

Cayman Borrower. Edgen Xxxxxx Cayman Corporation, a Cayman Islands exempted company.

Cayman Borrower has the meaning assigned thereto in the introductory paragraph to this Agreement. “Cayman Obligations” means, in each case, whether now in existence or hereafter arising: (a) the principal of and interest on (including interest accruing after the filing of any bankruptcy or similar petition) the Loans made to the Cayman Borrower under the Credit Facility and (b) all other fees and commissions (including attorneys’ fees), charges, indebtedness, loans, liabilities, financial accommodations, obligations, covenants and duties owing by the Foreign Credit Parties and each of their respective Subsidiaries to the Lenders, the Issuing Lender or the Administrative Agent, in each case under any Loan Document, with respect to any Loan or Letter of Credit of every kind, nature and description, direct or indirect, absolute or contingent, due or to become due, contractual or tortious, liquidated or unliquidated, and whether or not evidenced by any note and including interest and fees that accrue after the commencement by or against any Foreign Credit Party or any Subsidiary thereof of any proceeding under any Debtor Relief Laws, naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. “Cayman Subsidiary Guaranty” means the Third Amended and Restated Cayman Subsidiary Guaranty Agreement dated as of the First Amendment Effective Date, executed by Ubiquiti Cayman, Ubiquiti Global, and certain other Subsidiaries of the Cayman Borrower from time to time party thereto in favor of the Administrative Agent, for the ratable benefit of the Secured Parties. “Change in Control” means the occurrence of one or more of the following events or series of events: (a) the Controlling Shareholder shall cease to own, beneficially and of record, either directly or indirectly, Equity Interests in the Parent Borrower representing more than 50% of the combined voting power of all of Equity Interests entitled to vote for members of the board of directors or equivalent governing body of the Parent Borrower on a fully-diluted basis (and taking into account all such Equity Interests that the Controlling Shareholder has the right to acquire, whether such right is exercisable immediately or only after the passage of time); or (b) the Parent Borrower shall fail to control and directly own 100% of each class of outstanding Equity Interests of the Cayman Borrower; or(c) the Cayman Borrower shall fail to control and directly o...