Term Credit Parties definition

Term Credit Parties shall have the meaning assigned to that term in the recitals to this Agreement.
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Term Credit Parties means the Term Borrower, the Term Guarantors and each other direct or indirect Subsidiary of the Company or any of its Affiliates that is or becomes a party to any Term Document.
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Term Credit Parties shall have the meaning assigned to that term in the introduction to this Agreement.
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Examples of Term Credit Parties in a sentence

  • Sham licensing is the usual name applied when a licensing practice goes beyond the just-reward principle.Some licensing practices, such as those considered in section 3.2, generate a Pareto improvement.

  • The Term Agent, for itself and on behalf of the other Term Credit Parties, hereby waives any and all rights it or the other Term Credit Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral.

  • The ABL Agent is not and shall not be deemed to be a fiduciary of any kind for the Term Credit Parties or any other Person.

  • This Agreement is solely for the benefit of the ABL Agent, the ABL Credit Parties, the Term Agent and the Term Credit Parties.

  • The ABL Agent, for and on behalf of itself and the other ABL Credit Parties, acknowledges and agrees that, concurrently herewith, the Term Agent, for the benefit of itself and the other Term Credit Parties, has been, or may be, granted Liens upon all of the Collateral in which the ABL Agent has been granted Liens and the ABL Agent hereby consents thereto.

  • It is the Term Agent’s responsibility to ensure the validity, perfection and enforceability of the Liens granted by the Loan Parties to the Term Agent for the benefit of itself and the Term Credit Parties.

  • The ABL Credit Parties and the Term Credit Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

  • This Section 2.3 shall not be construed to in any way limit or impair the rights of the ABL Agent to join (but not control or object to in any way) any foreclosure or other Exercise of Secured Creditor Remedies with respect to the Collateral initiated by the Term Agent, so long as it does not delay or interfere in any material respect with the exercise by the Term Credit Parties of their respective rights as provided in this Agreement.

  • Each of the ABL Agent, for and on behalf of itself and the ABL Credit Parties, and the Term Agent, for and on behalf of itself and the Term Credit Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance.

  • In the event that any one or more of the Term Credit Parties exercises and consummates the purchase option set forth in this Article 7, (i) the ABL Agent and the L/C Issuers shall have the right, but not the obligation, to immediately resign under the ABL Credit Agreement, and (ii) the purchasing Term Credit Parties shall have the right, but not the obligation, to require the ABL Agent and the L/C Issuers to immediately resign under the ABL Credit Agreement.


More Definitions of Term Credit Parties

Term Credit Parties means any two or more of them, collectively.
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Term Credit Parties means the Term Borrowers, the Term Guarantors, the Term Canadian Pledgor and each other direct or indirect subsidiary of Parent or any of its Affiliates that is now or hereafter becomes a party, or is now or hereinafter required to become a party, to any Term Document.
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Term Credit Parties shall have the meaning assigned thereto in the Recitals hereto.
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Related to Term Credit Parties

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Credit Parties means the Borrower and the Guarantors.

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

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

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

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

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

  • Lender Parties means the Lenders and the Administrative Agent.

  • 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.

  • Non-Credit Party means any Restricted Subsidiary that is not a Credit Party.

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Foreign Credit Party means a Credit Party which is not a Domestic Credit Party.

  • DIP Lender means a lender under the DIP Facility.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

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

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Tranche B Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche B Loans.

  • 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.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

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

  • Incremental Lenders has the meaning set forth in Section 2.14(c).