Onshore Lender definition

Onshore Lender means a Lender that is a bank which is resident in Indonesia for the purposes of paying Indonesian corporation tax or that is deemed to be an Indonesian bank under applicable banking laws and regulations or that is a resident of a country which has a tax treaty with Indonesia which reduces the effective rate of Indonesian withholding tax on interest payments to that Lender in respect of the Facility to zero.
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Onshore Lender means a Lender which participates in the Facility through its Facility Office in Indonesia.
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Onshore Lender. An onshore loan (referred to as the “Onshore Loan”) will be advanced and administered through [***] loan by a reputable and recognized bank selected by SciClone and acceptable to the Borrower. Borrower: 上海泽生科技开发有限公司 (Zensun (Shanghai) Sci & Tech Co., Ltd.)
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Examples of Onshore Lender in a sentence

  • Subject to any general principles of law as at the date of this Agreement which are specifically referred to in any legal opinion delivered pursuant to Clause 4 (Conditions of Utilization), it is not required to make any deduction for or on account of Tax from any payment it may make to or for the account of an Onshore Lender under any Finance Document.

  • Without prejudice to any indemnification contemplated herein to be provided by Zensun, each party will bear its own fees and expenses for this transaction except that the Borrower shall bear all fees payable to the Onshore Lender in connection the Onshore Loan.

  • However, this paragraph (e) shall not apply if the assignment or transfer is to SEK or an Onshore Lender or if the assignment or transfer is made whilst a Default is continuing.

  • However, this paragraph (b) shall not apply if the assignment or transfer is to SEK or an Onshore Lender or if the assignment or transfer is made whilst a Default is continuing.


More Definitions of Onshore Lender

Onshore Lender has the meaning set forth in the preambles hereto.
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Onshore Lender means the Lenders under and as defined in the Onshore Facility Agreement.
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