Domestic Borrower definition

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

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

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

Examples of Domestic Borrower in a sentence

Within the foregoing limits, and subject to the other terms and conditions hereof, a Domestic Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04.
Each Domestic Borrower hereby waives any right to notice of a foreclosure under any Collateral Document, for the benefit of the Secured Parties, by the other Domestic Borrowers which secures any part or all of the Domestic Borrowers’ joint and several liability.
Each Domestic Borrower represents that such Domestic Borrower and its business operations receive mutual support and other benefits from the other Domestic Borrowers and its Subsidiaries, and it expects to derive benefits from the extension of credit accommodations to each other Domestic Borrower by the Lenders and finds it advantageous, desirable and in its best interests to execute and deliver this Agreement and the Notes to the Lenders.
No invalidity, irregularity or unenforceability of all or any part of the Domestic Borrowers’ joint and several liability or of any security therefor or other recourse with respect thereto shall affect, impair or be a defense to the other Domestic Borrowers’ joint and several liability, and all Obligations under this Agreement and the Loan Documents are primary Obligations of each Domestic Borrower.
Each Domestic Borrower further waives any requirement that the Administrative Agent or the Lenders seek performance by the other Domestic Borrowers or any other Person, of any Obligation under this Agreement, the Loan Documents or any Collateral for the Domestic Borrowers’ joint and several liability as a condition precedent to making a demand on, or bringing any action or obtaining and/or enforcing a judgment against, any Domestic Borrower.

More Definitions of Domestic Borrower

Domestic Borrower means, with respect to each Tranche, a Borrower under such Tranche that is not a Foreign Borrower under such Tranche.

Domestic Borrower means each Borrower which is a “United States person” within the meaning of Section 7701(a)(30) of the Code.

Domestic Borrower shall have the meaning assigned to such term in the introductory paragraph to this Agreement.

Domestic Borrower means any Borrower incorporated or formed in any State of the United States of America or any political subdivision of any such State.

Domestic Borrower means the Company and any other Borrower that is not a Foreign Borrower.

Domestic Borrower means the Company, Polaris Sales, Inc., a Minnesota corporation, and each other Subsidiary of the Company incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia that is approved as a Domestic Borrower by the Required Lenders, and any such Domestic Borrower’s respective successors and assigns.

Domestic Borrower means the Company and each other Borrowing Subsidiary that is organized under the laws of a jurisdiction located in the United States of America.