Eligible Credit Party definition

Eligible Credit Party means each Domestic Subsidiary of either of the Borrowers.
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Eligible Credit Party each of the Borrower, FIC, and KMC.
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Eligible Credit Party means the Borrowers and each UK Guarantor Subsidiary.
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Examples of Eligible Credit Party in a sentence

  • All Term Loans held by any Eligible Credit Party Assignee shall be deemed to be not outstanding for all purposes of calculating whether the Required Lenders have taken any actions with respect to the Collateral.

  • All of the Accounts (other than Ineligible Accounts) owned by Borrower or any Eligible Credit Party and reflected in the most recent Borrowing Base Certificate delivered by Borrower to Agent shall be “Eligible Accounts” for purposes of this Agreement.

  • All of the Parts Inventory (other than Ineligible Parts Inventory) owned by Borrower or any Eligible Credit Party and reflected in the most recent Borrowing Base Certificate delivered by Borrower to Agent shall be “Eligible Parts Inventory” for purposes of this Agreement.

  • Borrowers and Guarantors have asked Lender to extend the maturity date to the earlier of demand or March 27, 2007, decrease the Maximum Loan Amount to $4,500,000.00 and to include Datatek Group Corporation as an Eligible Credit Party under the Loan Agreement, and Lender agrees, upon the terms and conditions set forth below.

  • All of the Rental Fleet and Equipment (other than Ineligible Rental Fleet and Equipment) owned by Borrower or any Eligible Credit Party and reflected in the most recent Borrowing Base Certificate delivered by Borrower to Agent shall be “Eligible Rental Fleet and Equipment” for purposes of this Agreement.

Related to Eligible Credit Party

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

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

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Applicable Creditor has the meaning assigned to such term in Section 9.14(b).

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

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • Eligible Borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Foreign Loan Party means any Loan Party that is not a Domestic 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.

  • U.S. Credit Parties means, collectively, the US Borrowers and the US Subsidiary Guarantors.

  • Foreign Credit Party means a Credit Party which is not a Domestic Credit Party.

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

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

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

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of "AAA" in the case of S&P or "Aaa" in the case of Xxxxx'x. For any short-term deposit or security, a rating of "A-l+" in the case of S&P or "P-1" in the case of Xxxxx'x.

  • U.S. Lender Party means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is a United States person as defined in Section 7701(a)(30) of the Code.

  • Loan Party means the Borrower and each Guarantor.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States and that is not a CFC.

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

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

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

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