Examples of Loan Party in a sentence
This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto.
Neither the businesses nor the properties of any Loan Party or any of its Subsidiaries are affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
No Loan Party shall become a party to any Multiemployer Plan or Single Employer Plan other than any such plan to which the Loan Party as a party on the date of this Agreement without first notifying the Agents, or fail to meet all of the requirements of the Pension Funding Rules with respect to a Single Employer Plan.
Section 8.1(c) of the Credit Agreement provides that the “[f]ailure of any Loan Party to perform or comply with (i) any term or condition contained in … Article 6…” constitutes an Event of Default.
Schedule 4.2 sets forth (i) each Loan Party and its jurisdiction of incorporation or organization as of the A&R Effective Date and (ii) the number of each class of its Securities authorized, and the number outstanding, on the A&R Effective Date and the number of Securities covered by all outstanding options, warrants, rights of conversion or purchase and similar rights on the A&R Effective Date.