Multicurrency Borrower definition

Multicurrency Borrower means the Operating Partnership, the Initial Multicurrency Borrower 1, the Initial Multicurrency Borrower 2, the Initial Multicurrency Borrower 3, the Initial Multicurrency Borrower 4, the Initial Multicurrency Borrower 5, and each Additional Borrower that is designated as a Borrower with respect to the Multicurrency Revolving Credit Tranche or any Subfacility thereunder; provided, however, that only the Initial Multicurrency Borrower 2 shall be permitted to act as the Borrower in respect of any Swing Line Borrowing in Canadian Dollars under the Multicurrency Swing Line Facility.
Sample 1Sample 2
Multicurrency Borrower any Future Foreign Subsidiary Borrower which is party to a Joinder Agreement, substantially in the form of Exhibit C to the Additional US Term Loan Amendment expressly providing that such Future Foreign Subsidiary Borrower shall be a Multicurrency Borrower."
Sample 1
Multicurrency Borrower means any of the Company, Diversey Canada, Inc., Sealed Air Luxembourg S.C.A., Sealed Air B.V., Diversey Europe B.V., Cryovac Australia Pty Limited, Sealed Air Australia (Holdings) Pty Limited, Sealed Air Limited, Sealed Air Corporation (US) and Cryovac, Inc., as the context may require.
Sample 1

Examples of Multicurrency Borrower in a sentence

  • COTT CORPORATION, as Canadian Borrower and as Multicurrency Borrower Guarantor and for its Subsidiaries party to the Loan Documents By: /s/ Xxxx X.

  • Each of the Multicurrency Borrowers hereby irrevocably designates, appoints and authorizes each other Multicurrency Borrower as its agent and attorney-in-fact to take actions under this Agreement and the other Loan Documents, together with such powers as are reasonably incidental thereto.

  • Each Domestic Borrower jointly and severally agrees, and each Multicurrency Borrower jointly and severally agrees, not to assert any claim against any Indemnitee on any theory of liability for special, indirect, consequential or punitive damages arising out of, or in any way in connection with, the Commitments, the Obligations or any other matters governed by this Agreement and/or the other Loan Documents.

  • Any action taken by one Multicurrency Borrower under this Agreement and the other Loan Documents shall be binding on the other Multicurrency Borrowers.

  • Except as set forth in Sections 3.01(a) and (b) and unless otherwise designated by the Multicurrency Borrowers, all principal payments made by any Multicurrency Borrower in respect of outstanding Overdraft Loans or Revolving Loans of such Multicurrency Borrower, as the case may be, shall be applied first, to the Revolving Loans with Interest Periods then expiring and second to the outstanding Overdraft Loans, in each case, denominated in the Specified Foreign Currency of such payment.

  • The Multicurrency Agent will make available to the Multicurrency Borrower in U.S. Dollars the aggregate of the amounts (if any) so made available by the Multicurrency Bid Rate Lenders to the Multicurrency Agent in a timely manner by crediting such amounts to the Multicurrency Borrower's demand deposit account maintained with the Multicurrency Agent.

  • Each Multicurrency Borrower agrees that it is jointly and severally liable to the Administrative Agent, the Issuing Banks and the Lenders for the payment of the Multicurrency Obligations and that such liability is independent of the Multicurrency Obligations of the other Multicurrency Borrowers and whether such Multicurrency Obligations become unenforceable against the other Multicurrency Borrowers.

  • The Existing Revolving Credit Agreement is, upon the occurrence of the Amendment Effective Date (as defined in Section 3 below), hereby amended by deleting the following phrase from the definition of “Multicurrency Borrower” set forth in Section 1.01 thereof: “; provided, however, that only the Initial Multicurrency Borrower 2 shall be permitted to act as the Borrower in respect of any Swing Line Borrowing in Canadian Dollars under the Multicurrency Swing Line Facility”.

  • The Administrative Agent, the Issuing Bank and the Lenders shall be entitled to rely, and shall be fully protected in relying, upon any communication from or to any Multicurrency Borrower as having been delivered by or to all Multicurrency Borrowers.

  • The Administrative Agent, the Domestic Lenders and the Issuing Bank further agree and acknowledge that in no event shall proceeds of the Collateral of the Multicurrency Borrowers, more than sixty-five percent (65.0%) of the Capital Stock of any Multicurrency Borrower or its Subsidiaries or amounts received from any Multicurrency Borrower as described herein be shared with any Domestic Lender or Issuing Bank for application on any of the Domestic Obligations.


More Definitions of Multicurrency Borrower

Multicurrency Borrower means each of (i) the Company, (ii) Promodata S.A., a company organized under the laws of France (subject to receipt by the Administrative Agent and the Tranche F Agent of a Multicurrency Borrower Assumption Agreement, duly executed on behalf of Promodata S.A. and the Company), and (iii) each wholly-owned Subsidiary of the Company (a) which is organized under the laws of Great Britain, France, Germany, Switzerland or the United States and (b) as to which a Multicurrency Borrower Assumption Agreement shall have been delivered to the Administrative Agent and the Tranche F Agent, duly executed on behalf of such Multicurrency Borrower and the Company, prior to the date of any Notice of Multicurrency Borrowing delivered on behalf of such Multicurrency Borrower; provided, that Promodata S.A. shall be entitled to borrow Multicurrency Loans hereunder only so long as it remains a Subsidiary of the Company.
Sample 1
Multicurrency Borrower means any one or more of the European Borrowers or the Asian Borrowers.
Sample 1
Multicurrency Borrower means the Operating Partnership, the Initial Luxembourg Borrower, the Initial Multicurrency Borrower 1, the Initial Multicurrency Borrower 2, the Initial Multicurrency Borrower 3, the Initial Multicurrency Borrower 4 and each Additional Borrower that is designated as a Borrower with respect to the Multicurrency Revolving Credit Tranche or any Subfacility thereunder; provided, however, that only the Initial Multicurrency Borrower 2 shall be permitted to act as the Borrower in respect of any Swing Line Borrowing in Canadian Dollars under the Multicurrency Swing Line Facility.
Sample 1
Multicurrency Borrower set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “; provided, however, that only the Initial Multicurrency Borrower 2 shall be permitted to act as the Borrower in respect of any Swing Line Borrowing in Canadian Dollars under the Multicurrency Swing Line Facility” immediately before the period at the end thereof.
Sample 1
Multicurrency Borrower means the Operating Partnership and each Additional Borrower that is designated as a Borrower with respect to the Multicurrency Revolving Credit Tranche or any Subfacility thereunder.
Sample 1
Multicurrency Borrower means Pegasus.
Sample 1

Related to Multicurrency Borrower

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

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

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

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

  • 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.

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

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Multicurrency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

  • Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • 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”.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Canadian Borrower as defined in the preamble hereto.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

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