Covenant Party definition
Covenant Party shall have the meaning set forth in Section 3.1 hereto.
Covenant Party each Loan Party other than Holdings.
Covenant Party. “Covenant Parties” means (a) each Credit Party and (b) each other Restricted Party. “Credit Party” “Credit Parties” means (a) each Borrower and (b) each other Guarantor (other than Holdings and Holdings II). “Daily Simple SOFR” means, for any day (a “SOFR Rate Day”), the interest rate per annum determined by Agent by dividing (the resulting quotient rounded upwards, at Agent’s discretion, to the nearest 1/100th of 1%)
Examples of Covenant Party in a sentence
Permit BVI, Holdings and/or Holdings II: (a) to permit or cause (directly or indirectly) the breach of any representation, warranty and/or covenant under this Agreement; or (b) to receive and/or retain (directly or indirectly) any Investment or Restricted Payment (or any other type of distribution) from any Covenant Party.
No Credit Party shall (nor shall it permit any other Covenant Party to) form any Subsidiary or permit any Person to become a direct or indirect Subsidiary of any Credit Party (or such Covenant Party), including by any Division.
More Definitions of Covenant Party
Covenant Party has the meaning specified in Section 7.4(a).
Covenant Party means each Credit Party other than Holdings.
Covenant Party has the meaning specified in Section 8 hereof.
Covenant Party means the direct and indirect Restricted Subsidiaries of the Borrower, which are not Guarantors, which have received a loan from the Borrower under Section 2.5 (b) (iv); provided that no such loan may be made to an Unrestricted Subsidiary.
Covenant Party shall have the meaning assigned thereto in the SSLA Guarantee.