Loan Party Obligor definition

Loan Party Obligor means, individually, each Borrower or any Obligor that is a Loan Party; and “Loan Party Obligors” means, collectively, each Borrower and each Obligor that is a Loan Party.
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Loan Party Obligor means, individually, each Borrower or any Obligor that is a Loan Party and each Person identified in the Preamble as a Loan Party Obligor; and “Loan Party Obligors” means, collectively, each Borrower, and each Obligor that is a Loan Party.
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Examples of Loan Party Obligor in a sentence

  • Each Loan Party Obligor confirms that it is not a surety under any state law and shall not raise any such law as a defense to its obligations hereunder.

  • Each applicable Loan Party Obligor will keep at all times in full force and effect, and will comply at all times with all the terms of, any lease of real property where any of the Collateral now or in the future may be located.

  • Time is of the essence in the performance by each Loan Party Obligor of each and every obligation under this Agreement and the other Loan Documents.

  • Each Loan Party Obligor has, and at all times will continue to have, good and marketable title to all of the Collateral.

  • To the fullest extent permitted by applicable law, each Loan Party Obligor hereby waives any defense based on or arising out of any defense of any Loan Party Obligor or the unenforceability of all or any part of the Obligations from any cause, or the cessation from any cause of the liability of any Loan Party Obligor, other than the indefeasible payment in full in cash of all of the Obligations.

  • Each Loan Party Obligor will maintain all of the Collateral in good working condition, ordinary wear and tear excepted, and no Loan Party Obligor will use the Collateral for any unlawful purpose.

  • To the maximum extent permitted by law, each Loan Party Obligor hereby waives any right to revoke this Loan Guaranty as to future Obligations.

  • Each Loan Party Obligor shall remain liable for all amounts of the Obligations remaining unpaid as a result of any deficiency of the Proceeds of the sale, lease, license or other disposition of Collateral after such Proceeds are applied to the Obligations as provided in this Agreement.

  • Agent may on behalf of each Loan Party Obligor endorse all items of payment received by Agent that are payable to such Loan Party Obligor for the purposes described above.

  • Each Loan Party Obligor further agrees that the Obligations may be extended or renewed in whole or in part without notice to or further assent from it, and that it remains bound upon its guaranty notwithstanding any such extension or renewal.

Related to Loan Party Obligor

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Loan Party means the Borrower and each Guarantor.

  • 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.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

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

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

  • Borrower as defined in the preamble hereto.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

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

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Foreign Borrower means any Borrower that is a Foreign Subsidiary.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 14.11).

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

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

  • Dutch Loan Party means any Loan Party organized under Dutch law.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • Obligors means the Borrower and the Guarantors.

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Canadian Guarantor means each Guarantor that is incorporated or otherwise organized under the laws of Canada or any province or territory thereof.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.