Credit Party definition
Examples of Credit Party in a sentence
Except as permitted under Clause 21.7.2, no Credit Party (nor any of its Subsidiaries) shall incur or allow to remain outstanding any guarantee or indemnity in respect of any obligation of any person.
The Borrower, G▇▇▇▇▇▇ Gold (Canada) and each other Credit Party and the Subsidiaries of the Credit Parties, shall not apply any amounts borrowed under the Facility for any other purpose than those set out in Clause 3.1.
The Borrower shall procure that no substantial change is made to the general nature of the business of the Borrower, G▇▇▇▇▇▇ Gold (Canada), each Credit Party and the Subsidiaries of the Credit Parties taken as a whole from that carried on at the date of this Agreement.
No Credit Party (nor any of its Subsidiaries) shall enter into any amalgamation, demerger, merger or corporate reconstruction.
G▇▇▇▇▇▇ Gold (Canada), each Credit Party and each Subsidiary of the Credit Parties shall not enter into any transaction with any person except on arm's length terms and for full market value.