Danish Borrower definition
Examples of Danish Borrower in a sentence
The Lenders made a facility available to the German Borrower, the Belgian Borrower, the Norwegian Borrowers and the Danish Borrower pursuant to the terms and conditions under the Original Facility Agreement (as defined below).
The Danish Borrower hereby further agrees to pay to the Agent for the account of each Danish Revolving Credit Lender interest in Danish Krone on the unpaid principal amount of the Danish Revolving Credit Loans from time to time outstanding until payment thereof in full at the rates per annum, and on the dates, set forth in Section 2.8.
Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the U.S. Borrower shall be obligated (and in no event shall the Danish Borrower, any Danish Guarantor or any Foreign Subsidiary be obligated) to reimburse the Lender hereunder for any and all drawings under such Letter of Credit.
The Lender shall have received (i) an opinion or opinions (including an opinion with respect to the Danish Borrower and Foreign Guarantor) of counsel for the Loan Parties dated the Closing Date and addressed to the Lender, in form and substance acceptable to the Lender and (ii) an opinion of Danish counsel to the Lender, addressed to the Lender and in form and substance acceptable to the Lender.
Each Danish Borrower shall make all payments of principal and interest in respect of the Danish Swing Line Loans made to it directly to the Danish Swing Line Lender.
If such notice is given by a Danish Borrower, such Danish Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.
Each notice by a Danish Borrower pursuant to this Section 2.06(b) that is delivered by facsimile must be confirmed promptly by delivery to the Danish Swing Line Lender of a written Danish Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of such Danish Borrower.
No such funding of risk participations shall relieve or otherwise impair the obligation of each Danish Borrower to repay Danish Swing Line Loans made to it, together with interest as provided herein.
Each such notice shall specify (A) whether such Danish Borrower is requesting a Borrowing of Danish Swing Line Loans or a continuation of Danish Swing Line Loans, (B) the requested date of the Borrowing or continuation, as the case may be (which shall be a Business Day), and (C) the principal amount of Danish Swing Line Loans to be borrowed or continued.
Use the proceeds of the Credit Extensions for general corporate purposes not in contravention of any Law or of any Loan Document (including, for the avoidance of doubt, as reimbursement to the Danish Borrower for the Danish Acquisition).