Loan Party Sample Clauses

Loan Party the Parent, Guarantor and each Borrower.
AutoNDA by SimpleDocs
Loan Party. The Borrower and the Third Party Pledgors.
Loan Party. The Borrower and each Guarantor. ----------
Loan Party. (a) The definition of Loan Party is hereby amended by adding the following as the third sentence thereof: "For purposes of clarity, any Person which is a Loan Party solely by virtue of having guaranteed all or a portion of the Obligations and/or having pledged Collateral to secure all or a portion of the obligations shall cease to be a Loan Party upon the release of all of such Collateral and/or the release of such Person from all of its obligations under such guaranty."
Loan Party. If and to the extent that any Revolving Credit Lender shall not have so made the amount of such Letter of Credit Advance available to the Administrative Agent, or if an Issuing Bank must disgorge or return any amounts paid by the Borrower in respect thereof, such Revolving Credit Lender agrees to pay to the Administrative Agent for the account of such Issuing Bank forthwith on demand such amount together with interest thereon, for each day from the date of demand by such Issuing Bank until the date such amount is paid to the Administrative Agent, at the Federal Funds Rate for its account or the account of such Issuing Bank, as applicable. If such Lender shall pay to the Administrative Agent such amount for the account of such Issuing Bank on any Business Day, such amount so paid in respect of principal shall constitute a Letter of Credit Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount of the Letter of Credit Advance made by such Issuing Bank shall be reduced by such amount on such Business Day.
Loan Party. The Borrower.
Loan Party. The Borrower and Guarantor.
AutoNDA by SimpleDocs
Loan Party. Each Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC, the PPSA or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral owned by such Loan Party, as and to the extent required under, and subject to the exceptions set forth in, the terms of this Agreement and the other Loan Documents.
Loan Party. The definition of “Loan Party” in Section 1 is deleted in its entirety and replaced with the following:
Loan Party. Each Borrower, each Guarantor, each “Obligor” under the Security Agreement and each “Pledgor” under the Pledge Agreement.
Time is Money Join Law Insider Premium to draft better contracts faster.