Examples of Facility Loan Party in a sentence
There is no proposed tax assessment against a Facility Loan Party that would, if made, have a Material Adverse Effect.
As of the Closing Date and the date of each update of Schedule 5.13 pursuant to Section 6.02, set forth on Schedule 5.13 is a complete and accurate list of each Facility Loan Party, together with (a) each such Person’s jurisdiction of organization and (b) each such Person’s U.S. taxpayer identification number.
If the Trustee or any Holder, in contravention of the terms of this Article XI, shall commence, prosecute or participate in any suit, action or proceeding against Hancock or any other Loan Party, then Hancock may interpose as a defense or plea the making of this Article XI, and the Credit Facility Agent or any Credit Facility Lender may intervene and interpose such defense or plea in its name or in the name of Hancock or such Credit Facility Loan Party.
All payments of any U.S. Facility Obligation by or on behalf of any U.S. Facility Loan Party shall be free and clear of and without deduction or withholding for any Taxes, unless required by Applicable Law.
Each of the Belgian Lenders agrees that the Agent has no obligation to ascertain the identity of the Belgian Facility Loan Parties or any authorized signatories of the Belgian Facility Loan Parties on behalf of any Belgian Lender, or to confirm the completeness or accuracy of any information it obtains from any Belgian Facility Loan Party or any such authorized signatory in doing so.
If the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by the applicable U.S. Facility Loan Party shall be increased so that the applicable Credit Parties and Security Trustees receive an amount equal to the sum they would have received if no such withholding or deduction (including deductions for Indemnified Taxes and Other Taxes applicable to additional sums payable under this Section 5.8.1) had been made.
If Applicable Law requires any U.S. Facility Loan Party or the Agent to withhold or deduct any Tax (including backup withholding or withholding Tax) from any payment in respect of the U.S. Facility Obligations, the U.S. Facility Loan Party or the Agent shall pay the amount withheld or deducted to the relevant Governmental Authority in accordance with Applicable Law.
U.S. Issuing Bank does not make to U.S. Lenders any express or implied warranty, representation or guarantee with respect to the U.S. Facility Collateral, LC Documents or any U.S. Facility Loan Party.
Notwithstanding the preceding sentence and except as may otherwise be agreed in writing, each of the Canadian Lenders agrees that the Agent has no obligation to ascertain the identity of the Canadian Facility Loan Parties or any authorized signatories of the Canadian Facility Loan Parties on behalf of any Canadian Lender, or to confirm the completeness or accuracy of any information it obtains from any Canadian Facility Loan Party or any such authorized signatory in doing so.
No Facility Loan Party is in default under or with respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.