Foreign Designated Borrower definition

Foreign Designated Borrower means a Designated Borrower that is a Foreign Subsidiary of the Company.
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Foreign Designated Borrower means any Designated Borrower organized in any Designated Borrower Jurisdiction other than the United States or any state thereof or the District of Columbia.
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Foreign Designated Borrower means the Dutch Borrower and any other Designated Borrower that is not a Domestic Designated Borrower.
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Examples of Foreign Designated Borrower in a sentence

  • Each Foreign Designated Borrower may only request Revolving Credit Loans which are Eurocurrency Rate Revolving Credit Loans.

  • Notwithstanding anything to contrary herein or in any other Loan Document, the Obligations of each Foreign Designated Borrower are several and not joint and no Foreign Designated Borrower shall be responsible for any other Borrower’s Obligations or failure to pay its Obligations hereunder.

  • Each Foreign Designated Borrower may only request Loans which are Eurodollar Rate Loans.

  • Each Foreign Designated Borrower may only request Committed Loans which are Eurodollar Rate Loans.

  • Each Foreign Designated Borrower may only request Committed Loans which are Eurocurrency Rate Committed Loans.

  • Notwithstanding the foregoing, the Foreign Designated Borrowers shall have no obligation for any such amounts resulting from the extension of credit solely for the benefit of WFS or any Domestic Designated Borrower (other than extensions of credit made to any Foreign Designated Borrower at the request of the Borrowing Agent).

  • Neither such Foreign Designated Borrower nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Designated Borrower is organized and existing in respect of its obligations under the Applicable Foreign Obligor Documents.

  • Maintain all authorizations, consents, approvals, licenses, exemptions of, or filings or registrations with, any Governmental Authority, or approvals or consents of any other Person, of or in the jurisdiction in which any Foreign Designated Borrower is organized and existing which are required in connection with the Loan Documents.

  • The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty, and to release any Foreign Designated Borrower from its obligations under the Foreign Designated Borrower Guaranty, if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder or, in the case of a Foreign Designated Borrower, if such Foreign Designated Borrower ceases to be Borrower hereunder.

  • Each Foreign Designated Borrower may only request Revolving Credit Loans which are Alternative Currency Loans.


More Definitions of Foreign Designated Borrower

Foreign Designated Borrower means a Designated Borrower that is not organized under the laws of any political subdivision of the United States.
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Related to Foreign Designated Borrower

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

  • 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.

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

  • 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”.

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

  • 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.

  • Subsidiary Borrowers as defined in the preamble hereto.

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

  • 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.

  • Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.

  • Foreign Loan Party means any Loan Party that is not a Domestic Loan Party.

  • 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.

  • 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.

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

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

  • Canadian Borrower as defined in the preamble hereto.

  • 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.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

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

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States and that is not a CFC.

  • 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.

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

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

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

  • U.S. Lender Party means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is a United States person as defined in Section 7701(a)(30) of the Code.