US Facility Borrower definition

US Facility Borrower means the US-Borrower, the Singapore Borrower, the Australia Borrower and the Euro Holding Company.”
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US Facility Borrower shall have the meaning therefor set forth in the introduction hereto.
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US Facility Borrower contained therein and to replace said definitions as follows: “‘Borrowers’ (each a ‘Borrower’) means each of Xxxxxxxxxx Electronics, Ltd., a Delaware corporation, Xxxxxxxxxx Electronics Limited, an English limited liability company, Xxxxxxxxxx Electronics Benelux B.V., a Dutch private limited liability company, Xxxxxxxxxx Electronics Pte Ltd, a company organized under the laws of Singapore, and Xxxxxxxxxx Electronics Pty Limited, a company organized under the laws of New South Wales, Australia.”
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Examples of US Facility Borrower in a sentence

  • The US Facility Borrower shall give the US Facility Agent prior telephonic notice of any payment of principal, such notice to be given by not later than 11:00 A.M. (New York, New York time), on the date of such payment.

  • The US Facility Agent may, but shall not be obligated to, debit the amount of any such payment which is not made by such time to any ordinary deposit account, if any, of the US Facility Borrower with the US Facility Agent.

  • Notwithstanding the foregoing, so long as any US Facility Lender fails to make available any portion of its US Facility Fronting Commitment when properly requested by the US Facility Borrower, such US Facility Lender shall not be entitled to receive payment of its pro rata share of such Facility Fee until such US Facility Lender shall make available such portion.

  • All prepayments of US Facility Loans made by the US Facility Borrower shall be in the amount of (i) US $10,000,000, or (ii) such greater amount which is an integral multiple of US $1,000,000, or (iii) the amount equal to all US Facility Outstandings, or (iv) such other amount as necessary to comply with Section 2.01(a) or 2.07.

  • The Parent and each other US Facility Borrower hereby acknowledges and agrees that it is jointly and severally liable as primary obligor and not merely as surety for all Obligations of the Offshore Facility Borrowers and the Parent will be co-applicant upon all Offshore Facility Letters of Credit.

  • Each US Facility Borrower shall retain any right of contribution arising under applicable law against the other US Facility Borrowers as the result of the satisfaction of any Obligations; provided, no US Facility Borrower shall assert such right of contribution against any other US Facility Borrower until the Obligations shall have been paid in full.

  • The principal amount of any Eurodollar Rate Loan may be prepaid only at the end of the applicable Interest Period unless the US Facility Borrower shall pay to the US Facility Agent for the account of the US Facility Lenders the additional amount, if any, required under Section 6.05.

  • The Agent may, but shall not be obligated to, debit the amount of any such payment which is not made by such time to any ordinary deposit account, if any, of any US Facility Borrower with the Agent.

  • The liability of each of the US Facility Borrowers under the immediately preceding two sentences shall be limited to the maximum amount for which such other US Facility Borrower may be liable without violating any applicable fraudulent conveyance, fraudulent transfer or comparable laws.

  • The US Facility Borrower shall also pay to the Issuing Bank such administrative fee and other fees, if any, in connection with the Letters of Credit in such amounts and at such times as the Issuing Bank and the US Facility Borrower shall agree from time to time.


More Definitions of US Facility Borrower

US Facility Borrower has the meaning specified in the introductory paragraph hereto.
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US Facility Borrower or "US Facility Borrowers" shall have the meaning assigned to and ascribed to such terms as set forth in the preamble to this Agreement.
Sample 1

Related to US Facility Borrower

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

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

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Canadian Loan Party means any Loan Party incorporated or otherwise organized under the laws of Canada or any province or territory thereof.

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • U.S. Swingline Loan means a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.