Examples of Japanese Borrower in a sentence
The Japanese Borrower represents and warrants to the Yen Revolving Lenders that, as of the date of this Agreement, it falls into Article 2, Paragraph 1, Item 1 of the Act on Specified Commitment Line Contract (Act No. 4 of 1999).
Within the foregoing limits and subject to the terms and conditions set forth herein, only the Japanese Borrower may borrow, prepay and reborrow Yen Revolving Loans.
Notwithstanding the forgoing, if the Yen Revolving Lender shall have received interest and/or Charges in an amount that exceeds the Maximum Rate, the excess interest and Charges shall be (i) applied to the principal of such Loan, (ii) if it exceeds such unpaid principal of such Loan, applied to the principal of other Loans held by such Yen Revolving Lender, or (iii) if it exceeds such unpaid principal of other Loans, refunded to the Japanese Borrower.
Within the foregoing limits and subject to the terms and conditions set forth herein, any Japanese Borrower and the U.S. Borrower may borrow, prepay and reborrow the Japanese Revolving Loans.
For the avoidance of doubt, each Lender lending to the Japanese Borrower shall use commercially reasonable efforts to lend such funds through a lending office located in Japan, the United States or such other jurisdiction which would minimize any amounts which might otherwise be payable pursuant to this Section.