English Loan Party definition
Examples of English Loan Party in a sentence
The Tranche 2 obligations will be excluded from the relevant English Loan Party Obligations.
The English Loan Party shall ensure that it does not (a) change the location of its centre of main interest (as that term is used in Article 3(1) of the EU Regulation) for the purposes of the Regulation.
With respect to each English Loan Party, Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (the “Regulation”), so far as it is aware, its centre of main interest (as that term is used in Article 3(1) of the Regulation) is situated in the jurisdiction in which it was incorporated and it has no “establishment” (as that term is used in Article 2(h) of the Regulation) in any other jurisdiction.
All amounts received by any English Loan Party and any English Collection Bank in respect of any Account of an Account Debtor of any English Loan Party, in addition to all other cash received by any English Loan Party from any other source, shall upon receipt be deposited into an English Collection Account or, to the extent permitted hereunder in the case of amounts not constituting payments in respect of Accounts of any English Loan Party, an Excluded Account.
This Agreement shall be binding upon each English Loan Party and its successors and assigns and shall inure to the benefit of the Administrative Agent and the Lenders and their respective successors and permitted assigns; all references herein to the English Loan Party shall be deemed to include their respective successors and permitted assigns.