Mexican Subsidiary Borrower definition

Mexican Subsidiary Borrower means any Subsidiary Borrower that is organized under the federal laws of Mexico or the laws of one of the states, provinces or territories of Mexico.
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Mexican Subsidiary Borrower means Aspen Industrial, S.A. de C.V., a corporation organized under the laws of Mexico.
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Mexican Subsidiary Borrower has the meaning set forth in the preamble hereto. “Mexican Tranche Borrowers” means (a) the Parent Borrower and (b) the Mexican Subsidiary Borrower. “Mexican Tranche Lender” means a Lender with a Mexican Tranche Revolving Commitment or a Mexican Tranche Revolving Credit Exposure. “Mexican Tranche Percentage” means, with respect to any Mexican Tranche Lender at any time, the percentage of the aggregate Mexican Tranche Revolving Commitments represented by such Mexican Tranche Lender’s Mexican Tranche Revolving Commitment at such time; provided that, for purposes of Section 2.19 when a Defaulting Lender that is a Mexican Tranche Lender shall exist, the term “Mexican Tranche Percentage” shall mean, with respect to any Mexican Tranche Lender at any such time, the percentage of the aggregate Mexican Tranche Revolving Commitments (disregarding such Defaulting Lender’s Mexican Tranche Revolving Commitment) represented by such Lender’s Mexican Tranche Revolving Commitment at such time. If the Mexican Tranche Revolving Commitments have terminated or expired, the Mexican Tranche Percentages shall be determined based upon the Mexican Tranche Revolving Commitments most recently in effect, giving effect to any assignments and to any Mexican Tranche Lender’s status as a Defaulting Lender at the time of determination. “Mexican Tranche Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Mexican Tranche Revolving Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Mexican Tranche Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to the terms hereof. The initial amount of each Lender’s Mexican Tranche Revolving Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed or provided its Mexican Tranche Revolving Commitment, as applicable. As of the Effective Date, the aggregate amount of the Mexican Tranche Revolving Commitments is $15,000,000. “Mexican Tranche Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the Dollar Equivalents of such Lender’s outstanding Mexican Tranche Revolving Loans at such time. “Mexican Tranche Revolving Loans” means revolving loans made to the Mexican Tranche Borrowers by the Lenders pursuant to Section 2.01(b). “Mexico” means the United Mexican States. “MNPI” means material information co...
Sample 1

Examples of Mexican Subsidiary Borrower in a sentence

  • 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 Administrative Agent shall have received Mexican Loan Notes executed by the relevant Mexican Subsidiary Borrower in favor of the Revolving A Lenders in a principal amount equal to such Revolving A Lender’s pro rata share of such Mexican Loan, each of which shall be originals unless otherwise specified.


More Definitions of Mexican Subsidiary Borrower

Mexican Subsidiary Borrower means, Aspen Industrial, S.A. de C.V. (“Aspen”).
Sample 1

Related to Mexican Subsidiary Borrower

  • 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.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Canadian Borrower as defined in the preamble hereto.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

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

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • 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.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • 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.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Qualified Borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any province or territory thereof.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Parent Borrower as defined in the preamble hereto.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.