Examples of Mexican Lender in a sentence
The failure of any Mexican Lender to make any Mexican Revolving Loan required to be made by it shall not relieve any other Mexican Lender of its obligations hereunder; provided that the Mexican Commitments of the Mexican Lenders are several and no Mexican Lender shall be responsible for any other Mexican Lender’s failure to make Mexican Revolving Loans as required.
Each Mexican Lender at its option may make any Mexican Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Mexican Borrower to repay such Loan in accordance with the terms of this Agreement.
Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Mexican Lender of the details thereof and of the amount of such Mexican Lender’s Loan to be made as part of the requested Borrowing.
Unless prejudicial to such Mexican Lender, each Mexican Lender agrees that it shall comply with rule 3.18.19 of the administrative regulations (resolución miscelánea fiscal) and/or any successor or substitute administrative regulation thereof.
The Mexican Subsidiary Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Mexican Lender the then unpaid principal amount of each Mexican Revolving Loan of such Mexican Lender on the Maturity Date.
Any unaddressed situation, question, or problem that arises will be left to the discretion of the school’s administration and Board of Directors.1.2 MISSION STATEMENTThe mission of Leake Academy is to provide an educational environment, based on a Christian world-view, which recognizes the needs of each student in order to promote and develop the academic, physical, spiritual, and social skills that empower the individual to meet the demands and challenges in an ever-changing and morally complex world.
The Mexican Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Mexican Lender the then unpaid principal amount of each of its respective Mexican Revolving Loans on each of the Extended Maturity Date and the SecondThird Extended Maturity Date, as applicable.
Unless prejudicial to such Mexican Lender, each Mexican Lender agrees that it shall file an application for renewal of its registration with the Ministry of Finance and Public Credit under Article 195-I of the Mexican Income Tax Law, the rules thereunder and/or any administrative regulations (resoluciones misceláneas) thereunder.
The Borrower shall not be required to indemnify any Lender or the Administrative Agent under clauses (a) or (c) of this Section (which indemnity exception shall not apply to a Lender that is a Mexican Lender) for any Indemnified Taxes or Other Taxes to the extent that such Indemnified Taxes and Other Taxes would not be imposed but for the failure by such Lender or the Administrative Agent, as the case may be, to comply with the provisions of the preceding sentence.
The Administrative Agent shall use such funds to repay the applicable Peso Loans to the applicable Mexican Lender.