Eligible Loan Party definition

Eligible Loan Party means any Loan Party other than a Non-U.S. Discretionary Guarantor.
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Eligible Loan Party means (a) with respect to Eligible Accounts, the US Borrower and the Borrowing Base Foreign Guarantors and (b) with respect to Eligible Inventory, the US Borrower and the Canadian Guarantors.
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Eligible Loan Party mean any Loan Party named in Schedule E-2.
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Examples of Eligible Loan Party in a sentence

  • Each Eligible Loan Party shall update its Eligible Inventory at the end of each month, to be current as of the last Thursday of such month, which shall be reflected in the applicable Borrowing Base Certificate to be delivered pursuant to this Section 7.8(f) at any time during the following month.

  • No Eligible Loan Party shall transfer title or possession of any Equipment and Machinery to any other Person, except (w) as permitted by Section 6.03 hereof, (x) to another Eligible Loan Party, (y) to another Loan Party in accordance with Section 5.05 herein, or (z) in all other cases with the prior written consent of the Administrative Agent.

  • All of the Eligible Inventory is owned by an Eligible Loan Party, and each such Eligible Loan Party has good and marketable title to such Eligible Inventory, free and clear of all Liens other than Permitted Liens that are junior and subordinate to the Liens in favor of the Collateral Agent or with respect to which Agent has established reserves against the Borrowing Base.

  • If, at a time when no Event of Default has occurred and is continuing, any Account Debtor returns any Inventory to any Eligible Loan Party, the applicable Eligible Loan Party promptly shall determine the reason for such return and, if the applicable Eligible Loan Party accepts such return, issue a credit memorandum (with a copy to be sent to Agent) in the appropriate amount to such Account Debtor.

  • SCHEDULE 2.03 Eligible Loan Parties Eligible Loan Party Applicable Advance Percentage Eligible Inventory Eligible Receivables Eligible PTS Inventory ModusLink Global Solutions, Inc.

  • Schedule 5.08 sets forth the Cost for each piece of Equipment and Machinery, an accurate description of each piece of Equipment and Machinery, the Eligible Location where it is expected to be located and the Eligible Loan Party that has purchased or will be purchasing such Equipment and Machinery.

  • No Eligible Loan Party shall manufacture or produce any X-22 Platform Products without such X-22 Platform Products being substantially produced or manufactured by the X-22 Equipment and Machinery.

  • The Administrative Agent will make such Loans available to the applicable Eligible Loan Party who has purchased or is purchasing the Equipment and Machinery by promptly crediting the amounts so received, in like funds, to an account designated by the Parent Borrower in the applicable Borrowing Request.

  • If, at a time when an Event of Default has occurred and is continuing, any Account Debtor returns any Inventory to any Eligible Loan Party, the applicable Eligible Loan Party promptly shall determine the reason for such return and, if Agent consents (which consent shall not be unreasonably withheld), issue a credit memorandum (with a copy to be sent to Agent) in the appropriate amount to such Account Debtor.

  • Cause returns and allowances as between Eligible Loan Parties and their Account Debtors, to be on the same basis and in accordance with the usual customary practices of the applicable Eligible Loan Party, as they exist at the time of the execution and delivery of this Agreement.


More Definitions of Eligible Loan Party

Eligible Loan Party has the meaning set forth in the Revolver Loan Agreement.
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Eligible Loan Party means Parent Borrower, Metaldyne Light Metals Company, Inc., a Delaware corporation and Metaldyne Machining and Assembly Company, Inc., a Michigan corporation.
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Eligible Loan Party means each US Borrower, the Canadian Borrower, and each other Person that, at any time after the Closing Date, becomes party to this Financing Agreement as a Borrower. Energy Hedging Contracts shall mean any and all forward contracts, commodity swaps, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in the price of electricity.
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Related to Eligible Loan Party

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

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

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

  • Qualified ECP Loan Party means each Loan Party that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000, or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA.

  • Specified Loan Party means any Loan Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11).

  • Foreign Loan Party means any Loan Party other than a U.S. Loan Party.

  • 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 any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan:

  • 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.

  • Eligible Lender an entity that is a “Bank” (as defined in the 0000 Xxx) and is not otherwise prohibited by Section 17 of the 1940 Act from lending to the Borrower.

  • 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.

  • Originator means the sender of the first payment order in a funds transfer.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Loan Party means any Borrower or any Guarantor.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.