Applicable Loan Party definition

Applicable Loan Party has the meaning given that term in Section 7.1(h)(ix).
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Applicable Loan Party means (a) from the Closing Date until such time as any Loan Party other than a Borrower incurs Indebtedness in respect of the Senior Unsecured Notes or the Subordinated Debt, the Borrowers; and (b) thereafter, all Loan Parties.
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Examples of Applicable Loan Party in a sentence

  • Each Applicable Loan Party will maintain, or cause to be maintained, insurance with financially sound (determined in the reasonable judgment of such Loan Party) and responsible companies in such amounts (and with such risk retentions) and against such risks as is usually carried by owners of similar businesses and properties in the same general areas in which such Applicable Loan Party operates.

  • Forthwith upon acquiring knowledge of the occurrence of any (i) Default or (ii) Event of Default, in either case with respect to the applicable Borrower, in either case a certificate of an Authorized Officer of the Applicable Loan Party setting forth the details thereof and the action which the Applicable Loan Party is taking or proposes to take with respect thereto.

  • There is no litigation, arbitration or administrative proceeding pending or, to the knowledge of the Applicable Loan Party, threatened which questions the validity of this Agreement or the other Loan Documents to which it is a party.

  • If Applicable Law requires any Loan Party or the Agent to withhold or deduct any Tax (including backup withholding or withholding Tax), the withholding or deduction shall be based on Applicable Law and the information provided pursuant to this Section 5.8 and Section 5.9, and the Applicable Loan Party or the Agent shall pay the amount withheld or deducted to the relevant Governmental Authority.

  • The Credit Agreement and any other Applicable Loan Party Documents were executed by SALIC outside the Cayman Islands.

  • There is no litigation, arbitration or administrative proceeding pending or, to the knowledge of any Applicable Loan Party, threatened which questions the validity of this Agreement or the other Loan Documents to which it is a party.

  • Neither such Loan Party nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Loan Party is organized and existing in respect of its obligations under the Applicable Loan Party Documents.

  • In addition, each Applicable Loan Party agrees to pay any and all present or future stamp or court or documentary Taxes and any other excise or property Taxes, which arise from any payment made by such Applicable Loan Party pursuant to this Agreement, any Note or any other Loan Document or from the execution, delivery, performance, registration or enforcement of, or otherwise with respect to, this Agreement, any Note or any other Loan Document (collectively, “Other Taxes”).

Related to Applicable Loan Party

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

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • UK Loan Party means any Loan Party incorporated under the laws of England and Wales.

  • Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party.

  • Specified Loan Party means any Loan Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11).