Exempt Lender definition

Exempt Lender means a Tranche A Lender that is any of the following: (i) a Corporate Lender organized under the Laws of Puerto Rico, (ii) a Corporate Lender organized under the Laws of a jurisdiction other than Puerto Rico that is engaged in the conduct of a trade or business in Puerto Rico, or (iii) a Lender organized under the Laws of a jurisdiction other than Puerto Rico that is not engaged in the conduct of a trade or business in Puerto Rico and that is not a “related person” to TCPR for purposes of Section 1231(a)(1)(A)(i) of the Puerto Rico Code by reason of the fact that such Lender does not own, directly or indirectly in accordance with the attribution rules of Section 1231(a)(3) of the Puerto Rico Code, 50% or more of the value of the stock of TCPR. As used in this definition, “Corporate Lender” means a Lender that is taxable as a corporation under the Puerto Rico Code.

Exempt Lender means a Tranche A Lender that is any of the following: (i) a Corporate Lender organized under the Laws of Puerto Rico, (ii) a Corporate Lender organized under the Laws of a jurisdiction other than Puerto Rico that is engaged in the conduct of a trade or business in Puerto Rico, or (iii) a Lender organized under the Laws of a jurisdiction other than Puerto Rico that is not engaged in the conduct of a trade or business in Puerto Rico and that is not a “related person” to TCPR for purposes of Section 1092.01(a)(3)(A) of the Puerto Rico Code by reason of the fact that such Lender does not own, directly or indirectly in accordance with the attribution rules of Section 1092.01(a)(3)(B) of the Puerto Rico Code, 50% or more of the value of the stock of TCPR. As used in this definition, “Corporate Lender” means a Lender that is taxable as a corporation under the Puerto Rico Code.

Exempt Lender means a Tranche A Lender that is any of the following: (i) a Lender organized under the Laws of Puerto Rico, (ii) a Lender organized under the Laws of a jurisdiction other than Puerto Rico that is engaged in the conduct of a trade or business in Puerto Rico, or (iii) a Lender organized under the Laws of a jurisdiction other than Puerto Rico that is not engaged in the conduct of a trade or business in Puerto Rico and that is not a “related person” to TCPR, as such term is defined in Sections 1062.11(a)(4) and 1092.01(a)(3) of the Puerto Rico Code.

Examples of Exempt Lender in a sentence

• If the Lender confirms to the Borrower that it is a FATCA Exempt Lender and it subsequently becomes aware that it is not or has ceased to be a FATCA Exempt Lender, that Lender shall notify the Borrower reasonably promptly.

• The Lender shall, within 10 Business Days of a reasonable request by the Borrower, confirm to the Borrower whether it is a party that is entitled to receive payments free from any withholding under FATCA (such Lender, a FATCA Exempt Lender) and supply to the Borrower such forms, documentation and other information relating to its status under FATCA as the Borrower reasonably requests for the purposes of the Borrower's compliance with FATCA.

• If the Lender fails to confirm whether it is a FATCA Exempt Lender or supply such forms, documentation or other information, then such Lender will be treated for the purposes of the Loan as if it is not in compliance with FATCA until such time as the Lender provides the requested forms, documentation or other information.

• If a Lender is an Exempt Lender and is a lender under the International Credit Facility, the Lender will be required to vote the same way under this Agreement and the credit agreement for the International Credit Facility on matters common to both this Agreement and the credit agreement for the International Credit Facility.

• Assignments by an Exempt Lender shall include a concurrent assignment by the Exempt Lender which is a "Lender" under the International Credit Facility of a corresponding portion of its "Commitment" under the International Credit Facility to the assignee.

More Definitions of Exempt Lender

Exempt Lender shall have the meaning ascribed thereto in Clause 19.1 (Definitions).

Exempt Lender means a Lender that is a financial institution or any other entity (including, any entity included in the provision of article 26, paragraph 5-bis, of Presidential Decree No. 600 of 29 September 1973 as introduced by the Law Decree No. 91 of 24 June 2014, converted into law by the Law No. 116 of 11 August 2014 and subsequently amended by Law Decree No.133 of 29 September 2014) which is authorised to provide finance to an Italian Borrower and to which any payment of interest under the Finance Documents can be made without a Tax Deduction in respect of Tax being imposed by the Republic of Italy; provided that such Lender is not a Blacklisted Resident Entity.

Exempt Lender means, in relation to the Company, a Lender which is (otherwise than by reason of being a Treaty Lender) entitled to receive interest from the Company without a Tax Deduction imposed by the relevant Company’s Tax Jurisdiction.

Exempt Lender means, in relation to an Obligor, a Lender which is (otherwise than by reason of being a Treaty Lender) entitled to receive interest from that Obligor without a Tax Deduction imposed by the relevant Obligor’s Tax Jurisdiction.

Exempt Lender means a lender exempt from the requirements of registration as provided in § 4.5–501(c) of this title.

Exempt Lender means a Tranche A Lender that is any of the following: (i) a Corporate Lender organized under the Laws of Puerto Rico, (ii) a Corporate Lender organized under the Laws of a jurisdiction other than Puerto Rico that is engaged in the conduct of a trade or business in Puerto Rico, or (iii) a Lender organized under the Laws of a jurisdiction other than Puerto Rico that is not engaged in the conduct of a trade or business in Puerto Rico and that is not a

Exempt Lender means any Lender that: