SPC Party definition

SPC Party shall have the meaning set forth in Section 3.1.24(o).

SPC Party. Schedule IV

SPC Party has the meaning assigned in Section 6.14(o).

Examples of SPC Party in a sentence

• Each Loan Party and each SPC Party is duly qualified to do business and in good standing in each jurisdiction where it is required to be so qualified in connection with its properties, businesses and operations, except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect.

• Each Loan Party and each SPC Party is a Special Purpose Bankruptcy Remote Entity.

• After giving effect to the Loans, each Loan Party and each SPC Party is Solvent.

• Borrower shall not and shall cause each other Loan Party and each SPC Party not to issue or sell or enter into any agreement or arrangement for the issuance and sale of any Equity Interests.

• Each Loan Party and each SPC Party has (a) not entered into the transaction contemplated by this Agreement nor executed any Loan Document with the actual intent to hinder, delay or defraud any creditor and (b) received reasonably equivalent value in exchange for its obligations under the Loan Documents.

More Definitions of SPC Party

SPC Party shall have the meaning set forth in Section 8.1(ee)(A).

SPC Party. Schedule V “Special Member” - Schedule V “Springing Recourse Event” - 10.1

SPC Party has the meaning assigned in 8.28(o).

SPC Party means, if Borrower is a limited partnership or a limited liability company (other than a Single Member Delaware LLC), each general partner or managing member of Borrower.

SPC Party shall have the meaning set forth in clause (y) of Schedule III attached hereto.

SPC Party means the Single Purpose Entity that is the sole general partner of Borrower, if Borrower is a limited partnership, or the sole managing member of Borrower, if Borrower is a limited liability company that is not an Acceptable Limited Liability Company.

SPC Party shall have the meaning set fxxxx xx Xxxtion 4.1.30(o) hereof.