International Borrower definition
Examples of International Borrower in a sentence
HILL INTERNATIONAL N.V., as International Borrower, Guarantor and Grantor By: /s/ ▇▇▇▇▇ ▇.
Date: 7 September 2016 Parties: Lender: Billion International Borrower: The First Borrower To the best of the Directors’ knowledge, information and belief, and having made all reasonable enquiries, the First Borrower and its ultimate beneficial owner(s) are third parties independent of and not connected with the Company and its connected persons.
Notwithstanding the foregoing, however, or any term of any Loan Document to the contrary, (i) neither the International Borrower, nor any International Subsidiary, shall, in any event, be deemed to be a Guarantor in respect of any Obligations of the U.S. Borrower or any U.S. Subsidiary, and (ii) no International Collateral shall secure the payment or performance of the Obligations of the U.S. Borrower or any U.S.
Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor against the International Borrower or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article V.
No failure on the part of the International Borrower or any Guarantor to make the payments required by Sections 5.01 and 5.02 (or any other payments required under any Requirement of Law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of its obligations hereunder.
On 21 March 2016, Trinity International and BHB entered into the Loan Agreement, pursuant to which Trinity International has agreed to lend to BHB from time to time during the Availability Period an aggregate principal amount up to US$9,000,000 (equivalent to approximately HK$70,200,000) on a secured basis, details of which are as follows: Date : 21 March 2016 Lender : Trinity International Borrower : BHB Principal amount : up to US$9,000,000 (equivalent to approximately HK$70,200,000).
The sale by the Borrower and the International Borrower of their construction claims business shall have been consummated pursuant to the terms of the Stock Purchase Agreement dated as of December 20, 2016 without giving effect to any modifications, amendments, consents or waivers that in the aggregate are material and adverse to the Administrative Agent or the U.S. Revolving Credit Lenders, without the written consent of the Administrative Agent.
The sale by the Borrower and the International Borrower of their construction claims business shall have been consummated pursuant to the terms of the Stock Purchase Agreement dated as of December 20, 2016 without giving effect to any modifications, amendments, consents or waivers that in the aggregate are material and adverse to the Administrative Agent or the Lenders, without the written consent of the Administrative Agent.
Each International Lender will advance each Revolving Pound Loans and CAPEX Pound Loans directly to the International Borrower, in accordance with Section 2.4 hereof, and will promptly deliver a notice confirming such Loan to the International Agent.
Effective immediately upon the consummation of the Jacobs Transaction, the Lenders hereby release the International Borrower, GHL and GIH, and all of their Subsidiaries, from all Obligations under the Credit Agreement and the other Loan Documents, and release all Liens granted by International Borrower, GHL and GIH, and all of their Subsidiaries, under any of the Loan Documents.