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

  • Each of the Term Credit Parties and the Loan Parties agrees that in the event of any discrepancy or dispute between the Term Credit Parties and the Loan Parties as to the amount of the Term Loan Reserve, the ABL Agent and ABL Credit Parties shall be entitled to rely solely on the calculation of the Term Loan Reserve as determined by the Term Agent and shall have no liability to any Person for doing so.

  • On the contrary, the Debtors’ negotiations made clear that the Debtors could only obtain the financing necessary to preserve their estates if they extended superpriority, first lien status to new financing, which would have required the Debtors to engage in a costly priming fight with the Pre-Petition Term Credit Parties, with highly uncertain results.

  • 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.

  • 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.

  • Each of the ABL Agent (for itself and on behalf of the other ABL Credit Parties) and the Term Agent (for itself and on behalf of the other Term Credit Parties) agrees that none of the ABL Credit Parties or the Term Credit Parties shall propose or support any plan of reorganization that is inconsistent with the priorities or other provisions of this Agreement.

  • 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.

  • The Term Agent, for itself and on behalf of the other Term Credit Parties, agrees that none of the Term Agent or the other Term Credit Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any other ABL Credit Party under the ABL Documents with respect to the ABL Priority Collateral.

  • The Term Agent, for and on behalf of itself and the Term Credit Parties, agrees that no payment to the ABL Agent or any ABL Credit Party pursuant to the provisions of this Agreement shall entitle the Term Agent or any Term Credit Party to exercise any rights of subrogation in respect thereof until the Discharge of ABL Obligations shall have occurred.

  • 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.

  • Notwithstanding the foregoing purchase of the ABL Obligations by the purchasing Term Credit Parties, the ABL Credit Parties shall retain the right to indemnification from the Loan Parties under Section 10.04 of the ABL Credit Agreement and other obligations of the Loan Parties under the ABL Documents which by their express terms would survive any repayment of the ABL Obligations.


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, collectively, the Parent Borrower and the U.S. Subsidiary Guarantors.

  • Credit Parties means the Borrower and the Guarantors.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • Canadian Loan Parties means Borrower and the Canadian Guarantors.

  • Domestic Loan Parties means the Domestic 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, collectively, the Administrative Agent, the Lenders, the Issuing Banks, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 11.5., any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.

  • Domestic Credit Party means any Credit Party which is incorporated or organized under the laws of any State of the United States or the District of Columbia.

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

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Bank Lenders means the lenders from time to time 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 the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • 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 Agreement.

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