Examples of Netherlands Borrower in a sentence
BEM Services Inc., the Singapore Borrower and the Netherlands Borrower shall each establish prior to the Closing Date, a Funding Account to which the Agent, the Singapore Correspondent Lender or the Netherlands Correspondent Lender, as the case may be, is authorized by the Borrowers to transfer the proceeds of any Advances requested pursuant to this Agreement.
Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, the Netherlands Borrower shall be liable only for the Netherlands Obligations, but the Domestic Loan Parties are liable for all Obligations, and the domestic Collateral secures all Obligations.
Except as otherwise expressly provided herein, the Lenders shall not be required to make any Netherlands Advance if, within ninety (90) days after the Closing Date, the Netherlands Borrower has not delivered an executed Deposit Account Control Agreement among ABN AMRO Bank, N.V., the Netherlands Borrower and Agent, in form and substance reasonably satisfactory to the Agent.
If any requested Netherlands Advance to the Netherlands Borrower would exceed the Availability, the Domestic Availability or the Netherlands Availability, the Netherlands Lenders will refuse to make or may otherwise restrict the making of Netherlands Revolving Loans as the Netherlands Lenders determine until such excess has been eliminated.
Notwithstanding anything to the contrary contained above or in any Loan Document, (i) insurance or condemnation proceeds received by a Singapore Borrower shall be applied only to the Singapore Revolving Loans, and (ii) insurance or condemnation proceeds received by the Netherlands Borrower shall be applied only to the Netherlands Revolving Loans.