UK Borrowing Base Party definition

UK Borrowing Base Party means each Wholly-Owned Subsidiary of US Company that is incorporated under the laws of England and Wales and that is a UK Borrower or a Non-US Obligation Guarantor and is incorporated in England and Wales.
View Source
UK Borrowing Base Party means each Wholly-Owned Subsidiary of US Company that is (a) incorporated under the laws of England and Wales and (b) either a UK Borrower or a Non-US Obligation Guarantor.
View Source
UK Borrowing Base Party means MSG Investments and each of the Subsidiary Guarantors that are Foreign Subsidiaries.
View Source

Examples of UK Borrowing Base Party in a sentence

  • Subject to the terms of this Agreement, each UK Borrower may borrow UK Revolver Loans to the extent of the UK Borrowing Base constituted by such UK Borrower’s UK Accounts Formula Amount and UK Inventory Formula Amount plus the UK Borrowing Base constituted by the UK Accounts Formula Amount and UK Inventory Formula Amount of any other UK Borrowing Base Party.

  • The applicable prepayment shall be applied to reduce the outstanding principal balance of the UK Revolving Loans, but, except as provided below, shall not permanently reduce the Revolving Loan Commitments or the UK Revolving Loan Commitments; provided that any sale or Casualty Loss of Inventory or Equipment by a UK Borrowing Base Party shall reduce the UK Borrowing Base to the extent of such applicable Property’s contribution to the UK Borrowing Base.


More Definitions of UK Borrowing Base Party

UK Borrowing Base Party means each Wholly-Owned Subsidiary of US Company that is incorporated under the laws of England and Wales and that is a UK Borrower or a UK Guarantor and is incorporated in England and Wales.
View Source