Mexican Lender definition

Mexican Lender means each Lender having an amount greater than zero set forth opposite such Lender’s name in Schedule 2.01 under the heading “Mexican Commitment” and any other Person that shall have become a party hereto pursuant to an Assignment and Acceptance with respect to a Mexican Commitment. Any US Lender may cause a branch or affiliate of such US Lender to make available its Mexican Commitment and to make the Mexican Loans thereunder, and the term “Mexican Lender” shall include such branch or affiliate in such capacity where the context permits.

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Mexican Lender means a banking institution chartered in Mexico and authorized to engage in the business of banking by the Ministry of Finance and Public Credit.

Mexican Lender means each Lender having an amount greater than zero set forth opposite such Lender’s name in Schedule 2.01 under the heading “Mexican Commitment” or “Mexican Extended Commitments”, as applicable, and any other Person that shall have become a party hereto pursuant to an Assignment and Acceptance with respect to a Mexican Commitment. Any US Lender may cause a branch or Affiliate of such US Lender to make available its Mexican Commitment and to make the Mexican Loans thereunder, and the term “Mexican Lender” shall include such branch or affiliate in such capacity where the context permits; provided that any such US Lender causing a branch or Affiliate of such US Lender to make available its Mexican Commitment and to make the Mexican Loans thereunder will not require the Mexican Borrower pay additional amounts under Section 4.12 higher than those it would have paid if such US Lender did not take such action (except to the extent such additional amounts result from a Change in Law occurring after such action).

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.

• 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.

• 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.

• 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 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.

• 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 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 the Maturity Date.

• The Administrative Agent shall use such funds to repay the applicable Peso Loans to the applicable Mexican Lender.

• 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.

• 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.

More Definitions of Mexican Lender

Mexican Lender means each Revolving Credit Lender (or Affiliate thereof) that has a Peso Commitment or holds a Peso Loan and, at the time such Lender becomes a Mexican Lender, whether directly or through an Affiliate thereof, may make Peso Loans to the Mexican Borrowers, the interest payments with respect to which can be made free of withholding taxes.

Mexican Lender means each Lender having an amount greater than zero set forth opposite such Lender’s name in Schedule 2.01 under the heading “Mexican Commitment” or “Mexican Extended Commitments”, as applicable, and any other Person that shall have become a party hereto pursuant to an Assignment and Acceptance with respect to a Mexican

Mexican Lender means each Domestic Lender or any Affiliate of a Domestic Lender designated by such Domestic Lender to the Parent Borrower as a “Mexican Lender”. The Mexican Lender on the Effective Date shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Capital Inc.

Mexican Lender means any Lender the Facility Office of which is located in Mexico.