Designated UK Borrower definition

Designated UK Borrower means a Designated Borrower that is incorporated under the laws of England and Wales, resident in the United Kingdom or carrying on business in the United Kingdom through a permanent establishment.
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Designated UK Borrower means each of ReedHycalog Eurasia Ltd, a company organized under the laws of England and Wales, and ReedHycalog UK Ltd, a company organized under the laws of Northern Ireland, together with any Foreign Subsidiary that becomes a Designated Borrower pursuant to Section 2.14.
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Designated UK Borrower and “Designated U.K. Borrowers” each has the meaning specified in the introductory paragraph hereto.
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Examples of Designated UK Borrower in a sentence

  • Upon receipt of such notice, Grant Prideco L.P. or the applicable Designated UK Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans in the affected currency or currencies or, failing that, will be deemed to have converted such request into a request for a Committed Borrowing or UK Swing Line Borrowing, as applicable, of Base Rate Loans in the amount specified therein.

  • Additionally, Grant Prideco, L.P. or the applicable Designated UK Borrower shall furnish to the applicable L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the applicable L/C Issuer or the Administrative Agent may require.

  • Each Designated UK Borrower shall make all payments of principal and interest in respect of the UK Swing Line Loans directly to the UK Swing Line Lender at the UK Swing Line Lender’s Office.

  • UK Borrower joined this Agreement as a Designated Borrower, is filed within 30 days of such date, or (b) where is relates to a UK Treaty Lender which becomes a Lender after the date such Designated UK Borrower joined this Agreement as a Designated Borrower, is filed within 30 days of the date on which that UK Treaty Lender becomes a Lender.

  • Xxxxxx Title: Vice President and Treasurer HOLOGIC UK FINANCE LTD, as Designated UK Borrower By: /s/ Xxxxx X.

  • If such Designated UK Borrower fails to specify an Interest Period in a UK Swing Line Loan Notice requesting (or deemed to request) a Eurocurrency Rate Loan, it will be deemed to have specified an Interest Period of one month.

  • If such Designated UK Borrower fails to specify a currency in a UK Swing Line Loan Notice requesting a borrowing, then the UK Swing Line Loans so requested shall be made in Dollars.

  • If such Designated UK Borrower fails to specify a Type of Loan in a UK Swing Line Loan Notice, such Loans shall be made as Base Rate Loans, in the case of Loans requested to be made in Dollars, and Eurocurrency Loans, in the case of Loans requested to be made an Alternative Currency.

  • The UK Swing Line Lender shall furnish each Designated UK Borrower with a copy of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent.

  • If such Designated UK Borrower fails to give a timely notice requesting a continuation, then the applicable UK Swing Line Loans shall be continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one month.

Related to Designated UK Borrower

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Canadian Borrower as defined in the preamble hereto.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Parent Borrower as defined in the preamble hereto.

  • Domestic Credit Party means any Credit Party which is incorporated or organized under the laws of any State of the United States or the District of Columbia.

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

  • Swiss Borrower means a Borrower incorporated, or for tax purposes resident, in Switzerland.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • The Borrower has advised the Banks that the Borrower is currently working on a revised business plan which will include, among other things, a request to restructure the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions concerning the proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, a May 19, 2000, letter agreement, a June 1, 2000, letter agreement, a June 9, 2000, letter agreement, a June 16, 2000, letter agreement, a June 29, 2000, letter agreement, a July 21, 2000, letter agreement, an August 11, 2000, letter agreement, and a September 8, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to October 13, 2000 (the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from September 29, 2000, to the Waiver Termination Date, and (iii) amend the due date for the payment of principal, interest and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from September 29, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to amend the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date, provided that:

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

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

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • German Borrower means a Borrower incorporated in Germany.

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

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

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication: