Loan Parties definition

Loan Parties means, collectively, the Borrower and each Guarantor.

Loan Parties means the Borrower and the Guarantors.

Loan Parties means the Borrowers and the Subsidiary Guarantors.

Examples of Loan Parties in a sentence

• The successful operation and condition of each of the Loan Parties is dependent on the continued successful performance of the functions of the group of the Loan Parties as a whole and the successful operation of each of the Loan Parties is dependent on the successful performance and operation of each other Loan Party.

• None of the Loan Parties or their Restricted Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any Requirement of Law which results in a Material Adverse Effect.

• The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

• Each of the Loan Parties covenants and agrees that its right to receive any contribution under this Guaranty from a Non-Paying Loan Party shall be subordinate and junior in right of payment to the payment in full in cash of the Guaranteed Obligations.

• The Administrative Agent shall have received the results of a recent lien search (1) in each jurisdiction where the Loan Parties are organized and (2) in the jurisdiction of each such entity’s principal place of business, and such searches shall reveal no Liens on any of the assets of the Loan Parties except for Permitted Liens or subject to satisfactory estoppel letters discharged on or prior to the Closing Date pursuant to a pay-off letter or other documentation satisfactory to the Administrative Agent.

More Definitions of Loan Parties

Loan Parties means the Borrower and the Subsidiary Loan Parties.

Loan Parties each Group Member that is a party to a Loan Document.

Loan Parties the Borrower and each Subsidiary of the Borrower which is a party to a Loan Document.

Loan Parties means, collectively, the Borrower and each Subsidiary Guarantor.

Loan Parties means the Borrowers and the Guarantors.

Loan Parties the Borrower and the Guarantors.

Loan Parties means, collectively, the Borrower, each Loan Guarantor and any other Person who becomes a party to this Agreement pursuant to a Joinder Agreement and each of their successors and assigns, and the term “Loan Party” means any one of them or all of them individually, as the context may require.