European Loan Party definition

European Loan Party means each UK Loan Party and each other Loan Party whose jurisdiction of incorporation or organization is in a member state of the European Union.
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European Loan Party means the European Borrower and each of the European Guarantors.
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European Loan Party means any Foreign Loan Party that is not a Canadian Loan Party.
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Examples of European Loan Party in a sentence

  • Notwithstanding the above, no European Loan Party may, at any time that any amount of the European Facility Revolving Facility Usage is outstanding, directly or indirectly, repay any Indebtedness other than to another European Loan Party or acquire any Indebtedness other than of any other European Loan Party unless the European Undrawn Availability at that time, and immediately after making such repayment, exceeds (and has at all times in the preceding 30 day period exceeded) $3,000,000.

  • Notwithstanding anything in the foregoing to the contrary, in no event shall the Guarantee Obligations of any European Loan Party include the Obligations of the US Loan Parties.

  • No European Loan Party shall change its “centre of main interests” (as that term is used in Article 3(1) of the Regulation).

  • To grant the security pursuant to any Dutch Security Agreement to the European Collateral Agent, each European Loan Party irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance (bij voorbaat)) to pay to the European Collateral Agent amounts equal to any amounts owing from time to time by a European Loan Party to any Guaranteed Party under any Loan Document as and when those amounts are due.

  • The Dutch Borrower shall not, and shall procure that no European Loan Party, without the prior written consent of the Administrative Agent, take any action that shall cause its centre of main interests (as that term is used in Article 3(1) of the Insolvency Regulation) to be situated outside of its jurisdiction of incorporation, or cause it to have an establishment (as that term is used in Article 2(h) of the Insolvency Regulation) situated outside of its jurisdiction of incorporation.

  • Each European Loan Party shall comply in all respects with applicable legislation governing financial assistance, including Sections 678 to 683 of the UK Companies Xxx 0000; Section 60 of the Irish Companies Xxx 0000; Article 49-6 of the Luxembourg Law of August 10, 1915 concerning commercial companies, as amended (the “LSC”); and Section 2:98C and 2:207C of the Dutch Civil Code.

  • In any proceeding under the Bankruptcy Code or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law relating to any other Loan Party, each European Loan Party and each Ancillary Borrower agrees that the Secured Parties shall be entitled to receive Payment in Full in cash of all Guaranteed Obligations before such European Loan Party or such Ancillary Borrower, as applicable, receives payment of any Subordinated European Intercompany Obligations.

  • So long as no Event of Default shall have occurred and be continuing, such European Loan Party or such Ancillary Borrower, as applicable, may receive payments from any U.S. Loan Party on account of the Subordinated European Intercompany Obligations (provided that the making of such payments by the applicable obligor are not prohibited by the terms of this Agreement) and demand, accept or take any action to collect any payment on account of the Subordinated European Intercompany Obligations.

  • Upon at least 30 days’ prior written notice to the Agent from the European Loan Party Agent, Belgian Borrowers may, at their option, terminate the Belgian Revolver Commitments without premium or penalty (other than funding losses payable pursuant to Section 3.10).

  • Each European Loan Party shall comply in all respects with applicable legislation governing financial assistance, including Sections 678 to 679 of the United Kingdom’s Companies Xxx 0000, or any equivalent and applicable provisions under the laws of the jurisdiction of organization of each such European Loan Party, including in relation to the execution of the Security Documents of each such Loan Party and payments of amounts due under this Agreement.


More Definitions of European Loan Party

European Loan Party means Holdings, the Dutch Borrower and each Loan Party that is incorporated or organized under the laws of a European jurisdiction.
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European Loan Party means a UK Loan Party.
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European Loan Party means any one of them.
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European Loan Party means the European Borrower and each Foreign Subsidiary that has become a party to a Foreign Subsidiary Guarantee.
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European Loan Party means the European Borrowers and each Restricted Subsidiary party to a Non-U.S. Guarantee Agreement.
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Related to European Loan Party

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

  • 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.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • German Borrower means (a) any Borrower that is a resident for tax purposes in Germany and (b) any Borrower in respect of which written notice is given to the Administrative Agent (by the Company) prior to that Borrower becoming a Borrower hereunder that such Borrower is resident in Germany for German tax purposes.

  • UK Loan Party means any Loan Party incorporated under the laws of England and Wales.

  • 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.

  • Dutch Loan Party means a Loan Party incorporated under the laws of the Netherlands.

  • 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.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

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

  • Dutch Borrower means any Borrower that is organized under the Laws of The Netherlands.

  • 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.

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

  • Canadian Borrower as defined in the preamble hereto.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

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

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

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Subsidiary Borrowers as defined in the preamble hereto.

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

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