Designated Foreign Subsidiary Borrower definition

Designated Foreign Subsidiary Borrower means a Foreign Subsidiary Borrower that is organized under the laws of Luxembourg or any other jurisdiction designated from time to time by the Administrative Agent.
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Designated Foreign Subsidiary Borrower means a Foreign Subsidiary Borrower that is organized under the laws of Luxembourg or any other jurisdiction (other than Ireland or the Netherlands) designated from time to time by the Administrative Agent.
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Designated Foreign Subsidiary Borrower has the meaning specified in the recitals hereto.
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Examples of Designated Foreign Subsidiary Borrower in a sentence

  • Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the U.S. Borrower, the UK Borrower and any Designated Foreign Subsidiary Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement.

  • Revolving Credit Loans made to the U.S. Borrower may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein, and all Revolving Credit Loans made to any Designated Foreign Subsidiary Borrower shall be Eurodollar Rate Loans (or, if denominated in Dollars, may also be made as Base Rate Loans) as further provided herein.

  • Cause each Designated Foreign Subsidiary Borrower to maintain required approvals and authorizations of the appropriate Governmental Authorities that are necessary to be a Borrower under the Revolving Credit Facility.

  • Neither the Administrative Agent nor any Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Designated Foreign Subsidiary Borrower Obligations or for the guarantee under this Section 10 or any property subject thereto.

  • This Guaranty shall remain in full force and effect until the Designated Foreign Subsidiary Borrower Obligations are paid in full and the Commitments are terminated, notwithstanding that from time to time prior thereto the Designated Foreign Subsidiary Borrowers may be free from any Designated Foreign Subsidiary Borrower Obligations.

  • Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the U.S. Borrower in accordance with the terms of this Agreement shall be deemed to have been delivered to each Designated Foreign Subsidiary Borrower.

  • No Designated Foreign Subsidiary Borrower shall be permitted to convert any Eurodollar Rate Loans denominated in Alternative Currency to Base Rate Loans.

  • The U.S. Borrower waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Designated Foreign Subsidiary Borrowers or the U.S. Borrower with respect to the Designated Foreign Subsidiary Borrower Obligations.

  • This Designated Foreign Subsidiary Borrower Request and Assumption Agreement shall constitute a Loan Document under the Credit Agreement.

  • The parties hereto hereby confirm that with effect from the date of the Designated Foreign Subsidiary Borrower Notice for the Designated Foreign Subsidiary Borrower, the Designated Foreign Subsidiary Borrower shall become a party to the Credit Agreement as a Designated Foreign Subsidiary Borrower and shall have the obligations, duties and liabilities toward each of the other parties to the Credit Agreement as a Designated Foreign Subsidiary Borrower pursuant to the terms of the Credit Agreement.


More Definitions of Designated Foreign Subsidiary Borrower

Designated Foreign Subsidiary Borrower pursuant to this Section 2.15 hereby irrevocably appoints the U.S. Borrower as its agent for all purposes relevant to this Agreement and each of the other Loan Documents (excluding the Bilateral Facility Documents), including (i) the giving and receipt of notices, (ii) the execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any Loans made by the Lenders to any such Designated Foreign Subsidiary Borrower hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the U.S. Borrower, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the U.S. Borrower in accordance with the terms of this Agreement shall be deemed to have been delivered to each Designated Foreign Subsidiary Borrower.
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Designated Foreign Subsidiary Borrower and, together with the UK Borrower, collectively, the “Designated Foreign Subsidiary Borrowers” and, together with the U.S. Borrower, collectively, the “Borrowers”), Paperweight Development Corp., a Wisconsin corporation (“Holdings”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, the undersigned [INSERT TITLE OF OFFICER] of [INSERT NAME OF LOAN PARTY] hereby certifies, solely in [his/her] capacity as an officer of [LOAN PARTY] and not in [his/her] individual capacity, on behalf of [Loan Party] as follows:
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Related to Designated Foreign Subsidiary Borrower

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Designated Foreign Subsidiaries means all members of the Company Group that are organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

  • Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Subsidiary Guarantor would cause a Deemed Dividend Problem.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Restricted Foreign Subsidiary means a Foreign Subsidiary that is a Restricted Subsidiary.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Excluded Foreign Subsidiary any Foreign Subsidiary in respect of which either (a) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (b) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

  • Eligible Foreign Subsidiary means any Foreign Subsidiary that is approved from time to time by the Administrative Agent and each of the Lenders.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

  • Direct Foreign Subsidiary means a Subsidiary other than a Domestic Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by the Borrower or a Domestic Subsidiary.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Excluded Foreign Subsidiaries any Foreign Subsidiary in respect of which either (i) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (ii) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

  • Foreign Subsidiary Holdco any Domestic Subsidiary that has no material assets other than the Capital Stock of one or more Foreign Subsidiaries, and other assets relating to an ownership interest in any such Capital Stock.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Wholly-Owned Foreign Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Foreign Subsidiary.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Foreign Subsidiaries means Subsidiaries of Borrower which are organized under the laws of a jurisdiction other than the United States of America, any State of the United States or any political subdivision thereof.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • Canadian Borrower as defined in the preamble hereto.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • First Tier Foreign Subsidiary means a Foreign Subsidiary, the Equity Interests of which are directly owned by the Borrower or a Domestic Subsidiary that is not a Subsidiary of a Foreign Subsidiary.

  • German Borrower means (a) any Borrower that is a resident for tax purposes in Germany and (b) any Borrower in respect of which written notice is given to the Administrative Agent (by the Company) prior to that Borrower becoming a Borrower hereunder that such Borrower is resident in Germany for German tax purposes.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.