Non-Loan Party definition

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

Examples of Non-Loan Party in a sentence

  • The Company shall not distribute to its shareholders any securities of any Subsidiary unless (a) such Subsidiary is a Non-Loan Party; (b) such distribution does not constitute or give rise to a Default or Unmatured Default; (c) such distribution does not result in a Change of Control of a Loan Party; and (d) such distribution does not materially change the operations of the Toll Group.

  • Notwithstanding the foregoing, no Subsidiary that is a Non-Loan Party will guarantee any Indebtedness for borrowed money of a Loan Party unless such Subsidiary becomes a Guarantor.

  • The following definitions in Section 1.01 of the Credit Agreement shall be deleted in their entirety: “ Collateral ”, “ Excess Funding Guarantor ”, “ Excess Payment ”, “ Guarantee Joinder Agreement ”, “ Guaranteed Obligations ”, “ Guarantors ”, “ Loan Parties ”, “ Loan Party Subsidiary ”, “ Non-Loan Party Subsidiary ”, “ Pledge Agreement ”, “ Pro Rata Share ”, “ Reinstatement Event ”, “ Release Event ”, “ Secured Parties ”, “ Security Documents ”, and “ Subsidiary Guarantees ”.

  • The Company will, and will cause each of its Subsidiaries to, do or cause to be done all things reasonably necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03 or apply to any Non-Loan Party Immaterial Subsidiary.

  • If the amount so paid is greater than such Non-Loan Party Payee’s liability hereunder, the Administrative Agent shall pay the excess amount to the party entitled thereto.


More Definitions of Non-Loan Party

Non-Loan Party means any Restricted Subsidiary of Holdings that is not a Loan Party.
Non-Loan Party means any Covenant Entity that is not a Loan Party.
Non-Loan Party each Subsidiary of the Parent Borrower that is not a Loan Party.
Non-Loan Party means any Restricted Subsidiary other than a Loan Party.
Non-Loan Party means any Restricted Subsidiary of the Parent Borrower that is not a Subsidiary Guarantor.
Non-Loan Party means (a) any Subsidiary of the Ultimate Parent that is not a Loan Party and (b) any Mission Subsidiary that is not a Loan Party.
Non-Loan Party any Subsidiary of Holdings that is not a Loan Party.