Senior Loan Party definition

Senior Loan Party means any "Loan Party" as defined in the Senior Credit Agreement. One or more of the following events shall constitute a "Senior Credit Agreement Tier 3 Event of Default":
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Senior Loan Party and “Senior Loan Parties” are defined in the Recitals to this Agreement.
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Senior Loan Party means any Person obligated on any Senior Loan.
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Examples of Senior Loan Party in a sentence

  • Lender shall have no obligation to any Loan Party, any Senior Loan Party or any other Person to make any such payment or performance.

  • Any default or breach by any Senior Loan Party under the Senior Loan Documents to which it is a party which is not cured prior to the expiry of any applicable grace, notice or cure period afforded to such Senior Loan Party under such Senior Loan Documents shall constitute an Event of Default under this Agreement, without regard to any subsequent payment or performance of any such obligations by Lender.

  • If any Senior Lender or any Loan Party shall deliver to Lender a copy of any notice of default under any Senior Loan Documents sent by any Senior Lender to a Senior Loan Party, such notice shall constitute full protection to Lender for any action taken or omitted to be taken by Lender, in good faith, in reliance thereon.

  • As a material inducement to Lender's making the Loan, Borrower hereby, and shall cause each Senior Loan Party to, absolutely and unconditionally releases and waives all claims against Lender arising out of Lender's exercise of its rights and remedies provided in this Section.

  • Borrower shall not, nor shall it permit any Senior Loan Party to, enter into any deed-in-lieu or consensual foreclosure with or for the benefit of any Senior Lender or any of its Affiliates.

  • Each Loan Party hereby grants, and shall cause each Senior Loan Party to grant to, Lender and any Person designated by Lender the right to enter upon any Expanded Property at any time following the occurrence of any default, or the assertion by any Senior Lender that a default has occurred, under any Senior Loan Documents, for the purpose of taking any such action or to appear in, defend or bring any action or proceeding to protect such Senior Loan Party's and/or Lender's interest.

  • Except as specifically permitted by this Agreement, Borrower shall be required to obtain the consent of Lender, which may be withheld in Lender's sole discretion, before any Senior Loan Party is permitted to make any partial or full prepayments of amounts owing under any Senior Loan.

  • Borrower shall not, nor shall it permit any Senior Loan Party to, impede, interfere with, hinder or delay any effort or action on the part of Lender to cure any default or asserted default under any Senior Loan, or to otherwise protect or preserve Lender's interests in the Loan and the Collateral following a default or asserted default under any Senior Loan.

  • Any member may withdraw from the Club on written notification to that effect sent to the management.

  • Borrower shall not, nor shall it permit any Senior Loan Party to, refinance any Senior Loan (except for a refinancing effected entirely with Permitted Refinancing Indebtedness) prior to the payment to Lender of all amounts owing to Lender evidenced by the Note without the consent of Lender, which may be withheld in Lender’s sole discretion except in accordance with and subject to the provisions of Section 8.5(b).

Related to Senior Loan Party

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

  • Senior Lender means each holder of a Senior Note.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

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

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

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

  • 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.

  • 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.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

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

  • DIP Lender means a lender under the DIP Facility.

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

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.