Additional Credit Party definition

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

Additional Credit Party means each Person that becomes a Guarantor after the Closing Date by execution of a Joinder Agreement.

Additional Credit Party means each Person that becomes a Guarantor after the Closing Date, as provided in Section 7.13.

Examples of Additional Credit Party in a sentence

• Reports here include work-related accidents, cases of misuse, accidents suffered by private consumers and criminal activities.

• The Borrower will not create, form or acquire, nor will it permit any of its Subsidiaries to create, form or acquire, any Subsidiary, unless such Subsidiary is either (i) promptly joined as an Additional Credit Party pursuant to the requirements of Section 7.11, if such joinder is required thereby, (ii) a Securitization Subsidiary or (iii) a PS Affiliate.

• The guaranty obligations of any such Additional Credit Party shall be secured by, among other things, the Collateral of the Additional Credit Party.

• The guaranty obligations of any such Additional Credit Party shall be secured by, among other things, the Collateral of the Additional Credit Party and a pledge of 100% of the Capital Stock of its Domestic Subsidiaries that such Additional Credit Party owns and 65% (or such higher percentage that would not result in material adverse tax consequences for such Additional Credit Party) of the voting Capital Stock and 100% of the non-voting Capital Stock of its first-tier Foreign Subsidiaries.

• The Borrower will not create, form or acquire, nor will it permit any of its Subsidiaries to create, form or acquire, any Subsidiary, unless such Subsidiary is either promptly joined as an Additional Credit Party pursuant to the requirements of Section 7.11, if such joinder is required thereby.

More Definitions of Additional Credit Party

Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.9.

Additional Credit Party means each Person that becomes a Guarantor ----------------------- after the Closing Date by execution of a Joinder Agreement.

Additional Credit Party means the Company, Holdings (so long as it is a guarantor under any of the Additional Guaranties), each direct or indirect Subsidiary of the Company 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 Guaranties.

Additional Credit Party means any Credit Party, as of the Third Restatement Date, that was not a Credit Party as of the Second Restatement Date.

Additional Credit Party means the Original Senior Lien Borrower, Holdings (so long as it is a guarantor under any of the Additional Guarantees) and each Affiliate of the Original Senior Lien Borrower 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 Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10. “Additional Revolving Loan” shall have the meaning set forth in Section 2.1(f).

Additional Credit Party has the meaning set forth in Section 9.11.