Singapore Borrower definition
Examples of Singapore Borrower in a sentence
Simultaneous thereto, the Company and the Singapore Borrower shall deliver (or otherwise give effect to) the Consideration in exchange for the Holder’s Notes whereupon such Notes shall be deemed automatically cancelled.
Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of (A) six (6) Eurocurrency Borrowings to the US Borrower, (B) four (4) Eurocurrency Borrowings to the Canadian Borrower, (C) two (2) B/A Borrowings to the Canadian Borrower, (D) six (6) Eurocurrency Borrowings to the UK Borrower, (E) six (6) Eurocurrency Borrowings to the Singapore Borrower, and (F) six (6) Eurocurrency Borrowings to the UAE Borrower, outstanding.
The Singapore Borrower may at any time terminate the Singapore Revolving Commitments in their entirety upon (i) the payment in full of all outstanding Singapore Loans, together with accrued and unpaid interest thereon, (ii) the payment in full of the accrued and unpaid fees owing by the Singapore Borrower, and (iii) the payment in full of all reimbursable expenses and other Obligations of the Singapore Borrower together with accrued and unpaid interest thereon.
The Singapore Borrower and the other Singapore Loan Parties will maintain the Singapore Administrative Agent as their principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.
Notwithstanding anything to the contrary set forth herein or in any other Loan Document, in no event shall Singapore Borrower be deemed to be a guarantor of, surety in respect of, or otherwise, directly or indirectly, liable for the payment of any Obligations of the US Borrowers.