U.S. Loan Parties definition

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

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U.S. Loan Parties means, individually and collectively as the context may require, the U.S. Borrower and any direct or indirect Domestic Subsidiary of the U.S. Borrower who becomes a party to a Loan Document.

U.S. Loan Parties means, collectively, the US Borrower and each US Guarantor.

Examples of U.S. Loan Parties in a sentence

• The Transactions are within each Loan Party’s corporate powers and (i) in the case of U.S. Loan Parties, have been duly authorized by all necessary corporate, stockholder, and shareholder action and (ii) in the case of Foreign Loan Parties, will have been duly authorized by all necessary corporate stockholder and shareholder action as of the date when the first Loan is made to the applicable Additional Borrower hereunder.

• The (i) U.S. Protective Advances shall be secured by the Liens in favor of the Administrative Agent (for the benefit of the Lender Parties) in and to the Collateral of the U.S. Loan Parties; and (ii) Canadian Protective Advances shall be secured by the Liens in favor of the Administrative Agent (for the benefit of the Canadian Lender Parties) in and to the Collateral of the Loan Parties.

• If acceleration of the time for payment of any of the U.S. Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Loan Party, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the U.S. Guaranteed Obligations shall nonetheless be payable by the U.S. Loan Parties forthwith on demand by the Administrative Agent.

• Each of the U.S. Loan Parties covenants and agrees that its right to receive any contribution under this U.S. Guaranty from a Non-Paying U.S. Loan Party shall be subordinate and junior in right of payment to the payment in full in cash of the U.S. Guaranteed Obligations.

• Any such application of funds shall be made (i) from Collections Accounts of the US Loan Parties first in respect of Obligations of the US Loan Parties under each Facility ratably in accordance with the then outstanding amounts thereof and second in respect of Obligations of the European Loan Parties and (ii) from Collections Accounts of the European Loan Parties and shall be made solely in respect of Obligations of the European Loan Parties.

More Definitions of U.S. Loan Parties

U.S. Loan Parties means any Loan Parties that are organized under the laws of the United States of America or any State thereof or the District of Columbia.

U.S. Loan Parties means the Company, the Company’s Domestic Subsidiaries and First-Tier Foreign DREs party hereto on the Effective Date and any other Person who, as required by the terms hereof, becomes a party to this Agreement in its capacity as a U.S. Loan Party pursuant to a Joinder Agreement and their successors and assigns.

U.S. Loan Parties means the U.S. Guarantors.

U.S. Loan Parties the Parent Borrower, each Additional Borrower that is a Domestic Subsidiary and each Subsidiary Guarantor that is a Domestic Subsidiary.

U.S. Loan Parties means (a) the US Borrower and (b) each of the US Borrowers domestic subsidiaries and any other Person which is formed or organized under the laws of the United States or under the laws of the state or territory o the United States and who become a party to this Agreement pursuant to a Loan Party Joinder Agreement, and their successors and assigns.

U.S. Loan Parties means US Borrowers and Guarantors; each sometimes being referred to individually as a “US Loan Party.”

U.S. Loan Parties means each U.S. Borrower and each other Loan Party that is a Domestic Subsidiary.