UK Bank Lender definition

UK Bank Lender means, in relation to a payment of interest on a participation in a Loan, a Lender which is beneficially entitled to that payment and (a) if the participation in that Loan was made by it, is a Lender which is a “bank” (as defined for the purposes of section 879 of the ITA in section 991 of the ITA) and within the charge to United Kingdom corporation tax as regards that payment or would be within such charge as respects such payment apart from section 18A of CTA and or (b) if the participation in that Loan was made by a different person, such person was a “bank” (as defined for the purposes of section 879 of the ITA in section 991 of the ITA) at the time that Loan was made, and is a lender which is within the charge to United Kingdom corporation tax as respect to that payment.
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UK Bank Lender means, in relation to a payment of interest on a participation in an Advance to a Borrower, a Lender which is beneficially entitled to and within the charge to United Kingdom corporation tax as regards that payment and (a) if the participation in that Advance was made by it, is a Lender which is a “bank” (as defined for the purposes of section 349 of the Taxes Act in section 840A of the Taxes Act) or (b) if the participation in that Advance was made by a different person, such person was a “bank” (as defined for the purposes of section 349 of the Taxes Act in section 840A of the Taxes Act) at the time that Advance was made.
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UK Bank Lender means, in relation to a payment of interest on a participation in an Advance to a Borrower, a Lender which is beneficially entitled to and within the charge to United Kingdom corporation tax as regards that payment and (a) if the participation in that Advance was made by it, is a Lender which is a “bank” (as defined for the purposes of section 879 of the ITA in section 991 of the ITA) or (b) if the participation in that Advance was made by a different person, such person was a “bank” (as defined for the purposes of section 879 of the ITA in section 991 of the ITA) at the time that Advance was made.
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Examples of UK Bank Lender in a sentence

  • Imagine that, the mobile station moves to the next cell as depicted in Figure 7.6(b), and is still being tracked.

  • London Branch represents to the Facility Agent and to the Company that it is a UK Bank Lender.

  • Each Lender which becomes a party to this Agreement after the date of this Agreement shall, as soon as reasonably practicable on becoming a party to this Agreement, confirm in writing to the Borrowers and the Administrative Agent (and without liability to any Loan Party) which of the following categories it falls in: (i) not a UK Qualifying Lender; (ii) a UK Bank Lender; (iii) a UK Non-Bank Lender; or (iv) a UK Treaty Lender.

  • Any Increase Lender that is a UK Bank Lender or a UK Non-Bank Lender shall deliver to the Facility Agent, on or before the date falling five Business Days before the date upon which interest next falls due for payment after the date hereof, the following documents evidencing the tax status of such Increase Lender as indicated above: UK Bank Lender (i) certificate of incorporation; and (ii) copy of banking licence.


More Definitions of UK Bank Lender

UK Bank Lender a Lender (i) which is a bank (as defined for the purpose of section 349 of the UK Taxes Act) making an advance under this Agreement or (ii) in respect of an advance made under this Agreement by a person that was a bank (as defined for the purpose of section 349 of the UK Taxes Act) at the time that that advance was made, and, in the case of each of the foregoing clauses (i) and (ii), which is within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance.
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UK Bank Lender has the meaning given to that term in Clause 16 (Tax gross-up and indemnities).
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UK Bank Lender means a Lender:
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UK Bank Lender a Lender (a) which is a bank (as defined for the purpose of section 879 of the UK Taxes Act) making an advance under a Loan Document or (b) in respect of an advance made under a Loan Document by a Person that was a bank (as defined for the purpose of section 879 of the UK Taxes Act) at the time that that advance was made, and, in the case of each of the foregoing clauses (a) and (b), which is within the charge to United Kingdom corporation Tax as respects, and is beneficially entitled to any payments of interest made in respect of that advance.
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UK Bank Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is a Lender
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Related to UK Bank Lender

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

  • Exiting Lender see Section 2.17.7.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Canadian Lender means any Lender that (a) is a Canadian chartered bank lending and receiving payment through Canadian offices and (b) has a Canadian Commitment.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • New Lender as defined in Section 2.24(b).

  • Canadian Administrative Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian administrative agent for the Lenders hereunder.

  • Bank Levy means the bank levy which is imposed under section 73 of, and schedule 19 to, the Finance Xxx 0000 (the “UK Bank Levy”) and any levy or Tax of an equivalent nature imposed in any jurisdiction in a similar context or for a similar reason to that in and/or which the UK Bank Levy has been imposed by reference to the equity and liability of a financial institution or other person carrying out financial transactions.

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

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

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Original Lenders shall have the meaning assigned to such term in the recitals.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Dollar Lender means the Persons listed on Schedule 1.01(b) as having Dollar 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 Dollar Commitment or to acquire Revolving Dollar Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.