Local Currency Borrower definition

Local Currency Borrower each Subsidiary of the Company organized under the laws of a jurisdiction outside the United States that the Company designates as a “Local Currency Borrower” in a Local Currency Facility Addendum.
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Local Currency Borrower means each corporation identified on Schedule 1.1-B attached to and made a part of this Agreement and "Local Currency Borrowers" means the collective reference to all Local Currency Borrowers.
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Local Currency Borrower means any Borrower organized under the laws of a jurisdiction outside of the United States.
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Examples of Local Currency Borrower in a sentence

  • On the date of the making of any Local Currency Loan having a maturity of 30 or more days to a Local Currency Borrower and on the last Business Day of each month on which a Local Currency Borrower has any outstanding Local Currency Loans, the Local Currency Facility Agent for such Local Currency Borrower, shall deliver to the Administrative Agent a Notice of Local Currency Outstandings.

  • Concurrently with the delivery of a Local Currency Facility Addendum, the Company or the relevant Local Currency Borrower shall furnish to the Administrative Agent copies of all documentation executed and delivered by any Local Currency Borrower in connection therewith, together with, if applicable, an English translation thereof.

  • Schedule 9.10 sets forth, as of the Closing Date, all Local Currency Facilities (including the Local Currency Borrower, Local Currency Banks, Local Currency Facility Agent, Local Currency Facility Maximum Borrowing Amount and Local Currency Bank Maximum Borrowing Amount with respect thereto).

  • Each Local Currency Borrower shall assign its Accounts as Assigned Local Currency Receivables promptly after such Accounts are created and the Borrowers shall thereafter maintain the Assigned Local Currency Receivables in compliance with each component of the definition of that term.

  • The Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon any Subsidiary Borrower or any Local Currency Borrower or the Guarantor with respect to the Obligations.

  • Concurrently with the delivery of a Local Currency Facility Addendum, the Company or the relevant Local Currency Borrower shall furnish to the Administrative Agent copies of all documentation executed and delivered by such Local Currency Borrower in connection therewith, together with, if applicable, an English translation thereof.

  • Concurrently with the delivery of a Local Currency Facility Addendum, the Company or the relevant Local Currency Borrower shall furnish to the Administrative Agent (and, if applicable, the HK Administrative Agent) copies of all documentation executed and delivered by any Local Currency Borrower in connection therewith, together with, if applicable, an English translation thereof.

  • Notwithstanding any other provision of this Agreement or any provision of any other Transaction Document which provides to the contrary, no Local Currency Borrower shall have any liability for any Borrowing or other liabilities hereunder or under any other Credit Document by or of MMI or (except as may otherwise be provided in such Local Currency Borrower's Subsidiary Guaranty) any other Local Currency Borrower.

  • The Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent, for the ratable benefit of the Banks and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by each Subsidiary Borrower and each Local Currency Borrower when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

  • MMI shall be jointly and severally ------------------ liable for all Borrowings and other liabilities hereunder or under any other Credit Document by or of itself or any Local Currency Borrower.


More Definitions of Local Currency Borrower

Local Currency Borrower each Subsidiary of the Company organized under the laws of a jurisdiction outside the United States that the Company designates as a
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Local Currency Borrower in a Local Currency Facility Addendum.
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Local Currency Borrower means (a) any North American Venture, Foreign Venture or Minority Interest Venture incorporated in a jurisdiction other than the United States of America or any State thereof which borrows a Local Currency Loan or (b) any such North American Venture or Foreign Venture which requests the issuance of a Local Currency Letter of Credit.
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Local Currency Borrower each Foreign Subsidiary that the Company designates as a "Local Currency Borrower" in a Local Currency Facility Addendum.
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Related to Local Currency Borrower

  • Japan Local Currency Bank means each Bank listed on the signature pages of this Addendum or which becomes a party hereto pursuant to an Assignment and Acceptance or an Assumption and Acceptance.

  • Local Currency means Kenya shilling;

  • Local Currency Bank means each Bank listed on the signature pages of this Addendum or which becomes a party hereto pursuant to an Assignment and Acceptance or an Assumption and Acceptance.

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Subsidiary Borrower any Subsidiary of the Borrower that becomes a party hereto pursuant to Section 10.1(c)(i) until such time as such Subsidiary Borrower is removed as a party hereto pursuant to Section 10.1(c)(ii).

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • 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.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Multicurrency Lender means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • U.S. Swingline Loan means a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • 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.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Foreign Borrower means any Borrower that is a Foreign Subsidiary.

  • Canadian Borrower as defined in the preamble hereto.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Foreign Currency Loan means each Revolving Loan denominated in a Designated Foreign Currency and bearing interest at a rate based upon the Adjusted Foreign Currency Rate.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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.

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