Ultimate Borrower definition

Ultimate Borrower shall have the meaning provided in the preamble hereto.

Ultimate Borrower means, in relation to any Debt Securities, the person to whom the money raised by the issue of those Debt Securities is provided for their use, and who is required to repay or return that money, whether directly or indirectly.

Ultimate Borrower means LCI Shipholdings;

Examples of Ultimate Borrower in a sentence

• Basis Limit: Ultimate Borrower: General Partner: Architect: General Contractor: Consultant: Property Management: To Be Determined Satellite AHA Development, Inc.

• Each Ultimate Borrower shall (and Avis Europe shall procure that each Ultimate Borrower that is a member of the Avis Europe Group shall) ensure that it depreciates the Vehicles in its Vehicle Fleet in accordance with GAAP consistently applied.

• For purposes of the Commercial Paper Regulations, it is recorded that the "Ultimate Borrower" as defined in the Commercial Paper Regulations, of the net proceeds from each Tranche of Notes will be the Issuer unless otherwise indicated in the Applicable Pricing Supplement.

• In the event of a bankruptcy of a licensee or, as the case may be, lessee the Ultimate Borrower which is licensor or lessor (and party to the licence or, as applicable, sublease with such licensee or, as the case may be, lessee) will immediately use best efforts to recover any Vehicles the subject of such sublease or licence in accordance with Avis Europe Group management processes.

• The Sponsor shall demonstrate this control either by acting as the Ultimate Borrower, or by showing, to the Department’s satisfaction in its sole and absolute discretion, that the Sponsor controls the Ultimate Borrower in accordance with UMR Section 8313.2. The Sponsor’s failure to demonstrate compliance with UMR Section 8313.2 may result in significant delay or cancellation of the Loan.

More Definitions of Ultimate Borrower

Ultimate Borrower means each of the German Opco and the Spanish Opco (in each case whilst it is a borrower under any Xxxxx On-Loan), the Italian Opco (whilst it is a Borrower) and each Borrower SPV;

Ultimate Borrower means an ultimate borrower as contemplated in paragraph 4 of this Notice;

Ultimate Borrower means a borrower under a Pledged Loan.

Ultimate Borrower means each of the German Opco and the Spanish Opco (in each case whilst it is a borrower under any Finco On-Loan), the Italian Opco (whilst it is a Borrower) and each Borrower SPV;

Ultimate Borrower is an affiliate of the Sponsor awarded the Loan funds pursuant to the Award letter as described in Exhibit E paragraph 2. The Ultimate Borrower will be considered the borrower of the DR-MHP Loan funds and as such will execute the Loan Documents. Ultimate Borrower shall be jointly and severally liable for all the obligations of a Sponsor as set forth herein. Performance satisfactory to the Department by the Ultimate Borrower of any duties and obligations under this Standard Agreement, and any other agreements as required by the Department, by Ultimate Borrower will be deemed as performance by the Sponsor. At a minimum, the Sponsor-controlled general partner of the Borrower must perform the substantial management duties identified in the Board of Equalization (BOE) Rule 140.1(a)(10) as items (A), (H), (I) and (K).

Ultimate Borrower means an ultimate borrower as contemplated in paragraph 3(2);

Ultimate Borrower means an ultimate borrower as contemplated in paragraph 4 of the Notice;