Designated Loan Parties definition

Designated Loan Parties means (i) the Borrowers, (ii) Allied Canada, (iii) each Subsidiary of the Parent set forth on Schedule 1.01(B), and (iv) any other domestic or Canadian Subsidiary of the Parent with gross annual revenues (based upon the most recent annual financial statements of the Parent delivered pursuant to Section 7.01(a)(ii)) or total assets with a book value (based upon the most recent quarterly financial statements of the Parent delivered pursuant to Section 7.01(a)(i)) equal to or greater than $5,000,000 (or in the case of a Canadian Entity, the Dollar Equivalent thereof) that the Agents designate as a "Designated Loan Party"; provided, however, that in no event shall Haul Insurance or AH Industries be a Designated Loan Party.
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Designated Loan Parties means, individually and/or collectively, as the context may require, the Borrower, CRT and each Collateral Property Owner.
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Designated Loan Parties means a collective reference to each of them.
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Examples of Designated Loan Parties in a sentence

  • Whenever the term “Borrower” or “Borrowers” is used in respect of a financial covenant or a related definition, it shall be understood to mean Borrowers and their Subsidiaries (to the extent such Subsidiaries are Designated Loan Parties) on a combined basis, unless the context clearly requires otherwise.

  • Set forth on Schedule 4.15 to the Disclosure Letter (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Designated Loan Parties' Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • If any Designated Loan Party becomes aware of anything materially detrimental to any of the Designated Loan Parties' customers' credit, the Administrative Borrower will promptly advise the Agents thereof.

  • Except to the extent prohibited by applicable Law which cannot be waived or otherwise provided in the Loan Documents, in the event that more than one Loan Party shall be party to any Loan Document or more than one Designated Loan Party shall be party to any Swap Contract that is with the Administrative Agent or any Lender as the counterparty, the Obligations of such Loan Parties or Designated Loan Parties, as applicable, under such Loan Document or Swap Contract shall be joint and several.

  • Whenever the term "Borrower" or "Borrowers" is used in respect of a financial covenant or a related definition, it shall be understood to mean Borrowers and their Subsidiaries (to the extent such Subsidiaries are Designated Loan Parties) on a combined basis, unless the context clearly requires otherwise.

  • The Designated Loan Parties' failure to give any of such items to the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent's Lien on the Collateral.

  • The market liquidity gradually tightened approaching the end of the year, due to continuing decrease in the percentage of funds outstanding for foreign exchange, concentrated initial public offerings, diversification of fund in the capital market and deposit indicator assessment at the end of the year.

  • The Designated Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the Designated Loan Parties' industry, and shall not re-bill any Accounts Receivable without promptly disclosing the same to xxx Agents and providing the Agents with a copy of such re-billing, identifying the same as such.

  • Fortunately, some clinical disciplines have opted out of this model and have incorporated a broader approach to patient care (Holtzman & Marteau, 2000; Rees, 2002; Strohman, 2002; Temple et al., 2001; Willett, 2002).

  • Commentary Provided fruit and/or vegetable based smoothies have a variety of fruit and/or vegetables and restrictions for juice and puree are adhered too, the maximum portions that can be claimed should have no upper limit.

Related to Designated Loan Parties

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

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

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

  • 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.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

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

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

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

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

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

  • Credit Parties means the Borrower and the Guarantors.

  • 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.

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

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.7, any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

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

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

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

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

  • Warehouse Lender means any lender providing financing to Seller for the purpose of warehousing, originating or purchasing a Mortgage Loan, which lender has a security interest in such Mortgage Loan to be purchased by Purchaser.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.