Additional Loan Party definition

Additional Loan Party means the Original First Lien Borrower, Holdings (so long as it is a guarantor under any of the Additional Guarantees), each direct or indirect Subsidiary of the Original First Lien Borrower or any of its Affiliates that is or becomes a party to any Additional Document, and any other Person who becomes a guarantor under any of the Additional Guarantees.

Additional Loan Party means any Person who becomes a Borrower or an Equity Owner after the Closing Date in accordance with Section 5.01(s).

Additional Loan Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 6.12.

Examples of Additional Loan Party in a sentence

• Upon satisfaction of the foregoing conditions, such Additional Loan Party shall be a Loan Party for all purposes hereunder and under the other Loan Documents.

• The Additional Loan Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Additional Loan Party will be deemed to be a party to the Credit Agreement as a “Guarantor” for all purposes of the Credit Agreement (including any Guaranty), and shall have all of the obligations of a Guarantor thereunder as if it had executed the Credit Agreement.

• The Additional Loan Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to Guarantors contained in the Credit Agreement.

• The address of the Additional Loan Party for purposes of all notices and other communications is set forth on the signature page hereof.

• Without limiting the generality of the foregoing terms of this Section 1, the Additional Loan Party hereby, jointly and severally with the other Guarantors, unconditionally, absolutely and irrevocably guarantees to the Secured Parties, as provided in the Guaranty, the due and punctual payment at maturity, whether by acceleration or otherwise, and the due fulfillment and performance of the Obligations.

More Definitions of Additional Loan Party

Additional Loan Party has the meaning specified in Section 6.10(a).

Additional Loan Party means a company which becomes an Additional Loan Party in accordance with Clause 27 (Changes to the Loan Parties).

Additional Loan Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.11.

Additional Loan Party has the meaning specified in Section 5.01(o)(ii).

Additional Loan Party has the meaning specified in Schedule 6.18.

Additional Loan Party means each Person that becomes a Guarantor after the Effective Date by execution of a Joinder Agreement. “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. “Administrative Agent” means JPMCB, in its capacity as administrative agent for the Lenders hereunder. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Agent Indemnitee” has the meaning assigned to it in Section 10.03(c). “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus ½ of 1%

Additional Loan Party has the meaning specified in Section 6.13. “Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Agent’s Liens” means the Liens in the Collateral granted to the Administrative Agent, for the benefit of the Secured Parties, pursuant to this Agreement and the other Loan Documents. “Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 11.2, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have correlative meanings. “Affiliate Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Exhibit A, with such amendments or modifications as may be approved by Administrative Agent. “Affiliate Transaction” has the meaning specified in Section 7.6(a). “Aggregate Payments” has the meaning specified in Section 10.2. “Aggregate Related Business” means any Related Business operating in the aggregate products segment. For the purposes of this definition, “aggregate” means the raw material used in the production of ready-mixed concrete. “Agreement” means this Credit and Guaranty Agreement, as amended, amended and restated, modified or supplemented from time to time. “Agreement Date” means the date of this Agreement. “All-In-Yield” means, as to any Indebtedness, the yield thereof, whether in the form of interest rate, margin, original issue discount, upfront fees, an interest rate benchmark floor, or otherwise, in each case, Incurred or payable by the Borrower generally to all the lenders or holders of such Indebtedness; provided that original issue discount and upfront fees shall be equated to interest rate assuming a four-year (4-year) life to maturity (or, if less, the stated life to maturity at the time of Inc...