Examples of Cayman Seller in a sentence
None of the Servicers or the Cayman Seller will take any action or omit to take any action that could, individually or in the aggregate, reasonably likely cause Cayman Seller to be treated as engaged in the conduct of a trade or business in the United States for U.S. federal income tax purposes or otherwise be subject to U.S. federal, state, or local income or franchise tax.
The Sellers hereby agree (I) to deliver no more than 6 Investment Notices, in the aggregate, to the Agent during any calendar month, (II) not to deliver any Investment Notice to the Agent requesting an Investment in a currency for which any other Investment Notice for an Investment denominated in such currency is currently outstanding and (III) that an Investment denominated in any Approved Currency other than U.S. Dollars shall be funded only to the Cayman Seller.
The parties hereto acknowledge that Canadian Receivables sold by Garland to the Cayman Seller under the Canadian Purchase and Sale Agreement have been sold on a servicing-included basis and no additional compensation is payable to Garland for acting as the Applicable Servicer of the Canadian Receivables hereunder.
The Seller GP, acting on behalf of the Cayman Seller, and the U.S. Seller, each have duly and validly executed and delivered this Agreement and, on or prior to the Closing, the Seller GP, acting on behalf of the Cayman Seller, and the U.S. Seller, as applicable, will have duly and validly executed and delivered the Ancillary Agreements.
Although trust has to be built between the trustee and both the Commission and the aid recipient, that structure allows for original commitments to include fall-back options and claw-back mechanisms, which eventually help the decisions to be adapted to the actual circumstances of each bank and better reach their objectives.
The Cayman Seller is the sole record and beneficial owner of the Transferred Equity Securities in respect of the U.S. Parent Company and has good and valid title to the Transferred Equity Securities in respect of the U.S. Parent Company, free and clear of all Encumbrances.
US Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of California, and Cayman Seller is a corporation duly organized, validly existing and in good standing under the laws of the Cayman Islands.
State responses to a request for 401 certification must be based on state water quality standards, or other appropriate requirements of state law.
Cayman Seller has delivered to Buyer true and complete copies of the Articles of Association and related charter documents of Cayman Seller as presently in effect.
Each of the parties hereto hereby acknowledges and agrees that notwithstanding anything to the contrary set forth in the Agreement, in connection with this Amendment certain Lock-Box Accounts and Collection Accounts are being retitled from the name of the US Seller to the name of the Cayman Seller and such retitling shall occur substantially concurrently with the effectiveness of this Amendment.