Foreign Revolving Borrower definition

Foreign Revolving Borrower means each Revolving Borrower that is a Foreign Subsidiary.

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Foreign Revolving Borrower means (i) each Dutch Borrower, (ii) in the case of Canadian Revolving Loans only, each Canadian Revolving Borrower, and (iii) any other Wholly-Owned Foreign Subsidiary of Silgan that becomes a Revolving Borrower pursuant to Section 6.04(b).

Foreign Revolving Borrower means (i) in the case of Canadian Revolving Loans only, each Canadian Revolving Borrower, and (ii) any other Wholly-Owned Foreign Subsidiary of Silgan that becomes a Revolving Borrower pursuant to Section 5.03(b).

Examples of Foreign Revolving Borrower in a sentence

If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing, unless such Borrowing (i) is denominated in Euros and (ii) is being requested by a Foreign Revolving Borrower, in which case such Borrowing shall be a Eurocurrency Borrowing.
The liability of any Foreign Revolving Borrower for the payment of any of the Obligations or the performance of its covenants, representations and warranties set forth in this Agreement and the other Loan Documents shall be several from but not joint with the Obligations of any other Borrower.
The undersigned, being a Wholly-Owned Foreign Subsidiary of Silgan, desires to become a [Foreign Revolving Borrower] [Foreign Incremental Term Loan Borrower] for purposes of (and pursuant to Section 5.03(b) of) the Credit Agreement, effective from the date hereof and upon receiving the consent of the Administrative Agent.
On and after the date hereof, the Obligor shall (a) be designated a Foreign Revolving Borrower pursuant to the terms and conditions of the Credit Agreement, and (b) become bound by all representations, warranties, covenants, provisions and conditions of the Credit Agreement and each other Loan Document applicable to a Foreign Revolving Borrower as if the Obligor had been the original party making such representations, warranties and covenants.
The Obligor executes and delivers this Agreement for the purpose of becoming a Foreign Revolving Borrower under the Credit Agreement with the same force and effects as if the Obligor were an original signatory thereto.

More Definitions of Foreign Revolving Borrower

Foreign Revolving Borrower means any Wholly-Owned Foreign Subsidiary of Silgan that becomes a Revolving Borrower pursuant to Section 5.04(b).

Foreign Revolving Borrower means (i) each Dutch Borrower, and (ii) any other Wholly-Owned Foreign Subsidiary of Silgan that becomes a Revolving Borrower pursuant to Section 6.04(b). “Foreign Security Documents” shall have the meaning provided in Section 6.04(b) and, after the execution and delivery thereof, shall include each Additional Security Document entered into by a Foreign Credit Party. “Foreign Subsidiary” shall mean, as to any Person, each Subsidiary of such Person which is not a Domestic Subsidiary. “Fourth Amendment Effective Date” means June 22, 2023. “Fronting Exposure” shall mean, at any time there is a Defaulting Lender, (a) with respect to any Issuing Lender, such Defaulting Lender’s RL Percentage of the outstanding Letter of Credit Obligations with respect to Letters of Credit issued by such Issuing Lender, other than such Letter of Credit Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof and (b) with respect to the Swingline Lender, such Defaulting Lender’s Revolving Loan Commitment percentage of outstanding Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. “Fronting Fees” shall have the meaning provided in Section 4.01(d). “Fund” means any Person (other than a natural Person or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its activities. 28

Foreign Revolving Borrower appearing in Section 10.01 of the Credit Agreement is hereby restated in its entirety as follows:

Foreign Revolving Borrower means RPM Lux, RPOW-UK, RPM Europe, or any other Foreign Subsidiary that becomes a Revolving Borrower pursuant to Section 2.09(b) hereof; provided, however, that a Canadian Borrower shall not be eligible to be a Foreign Revolving Borrower hereunder.

Foreign Revolving Borrower means any Foreign Subsidiary that becomes a Revolving Borrower pursuant to Section 2.09(b) hereof; provided, however, that a Canadian Borrower shall not be eligible to be a Foreign Revolving Borrower hereunder.