Existing Loan Parties definition
Examples of Existing Loan Parties in a sentence
Pursuant to certain of the Existing Loan Documents (as hereinafter defined), the Existing Loan Parties (as hereinafter defined) granted to the Collateral Agent, for the benefit of the Secured Parties (as hereinafter defined), a continuing security interest in all of their right, title and interest in all then existing and thereafter acquired or arising Collateral (as such term is defined in the Existing Financing Agreement) in order to secure the repayment of any and all of the Existing Obligations.
Each New Loan Party, excluding French PRG, specifically grants to Lender a continuing security interest in all of the Property of such New Loan Party to the full extent that Existing Loan Parties have granted such a security interest in the Property of Existing Loan Parties under the provisions of the Loan Agreement.
The Term B Loans to be advanced on the Effective Date shall be available (and the Borrower agrees that it shall use the Term B Loans) solely to repay the Existing Debt of the Existing Loan Parties outstanding on the Effective Date.
Such financial statements of Parent present fairly, in all material respects, the financial position and results of operations and cash flows of the Parent and the Existing Loan Parties as of such dates and for such periods in accordance with GAAP.
The Existing Loan Parties and the Lender have entered into a Term Loan Agreement dated as of May 20, 2005 (the “Loan Agreement”), Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Loan Agreement.
Without limiting the generality of the foregoing, the Joining Borrower hereby repeats and reaffirms all covenants, agreements, representations and warranties of the Existing Loan Parties contained in the Amended Credit Agreement and the other Loan Documents, to the extent applicable to the Joining Borrower.
The 2010 Notes were guaranteed by the other Existing Loan Parties and secured by liens on substantially all of the assets of the Existing Loan Parties, with certain exceptions to the extent set forth in the 2010 Indenture Documents (as defined below).
This Amendment, the Amended and Restated Credit Agreement and the Amended Loan Documents have been duly executed and delivered by each of the Existing Loan Parties party thereto.
In order to induce Lender to agree to the modifications made to the Loan Agreement set forth herein, Borrower, Existing Loan Parties and New Loan Parties hereby expressly reaffirm or affirm, as the case may be, all covenants, agreements, representations and warranties set forth in the Loan Agreement.
The 2015 Notes were guaranteed by the Existing Loan Parties and secured by liens on substantially all of the assets of the Existing Loan Parties, with certain exceptions to the extent set forth in the 2015 Indenture Documents (as defined below).