Examples of Foreign Credit Parties in a sentence
The reorganization will be accomplished by consolidating the ownership of some of the Foreign Subsidiaries (including possibly some Foreign Credit Parties).
Notwithstanding anything to the contrary contained in any Loan Document, no Foreign Credit Parties shall be entitled to request any Borrowing, directly receive proceeds of any Loan, apply for any Letter of Credit or otherwise receive any extension of credit under any Loan Document.
Notwithstanding anything to the contrary contained herein, proceeds of Collateral of Foreign Credit Parties shall be applied only to the repayment of Non-US Obligations.
All security documentation to be executed and delivered by the Foreign Credit Parties pursuant to the immediately preceding sentence (each, as amended, modified, restated and/or supplemented from time to time, a "Foreign Security Agreement" and, collectively, the "Foreign Security Agreements") shall (i) be prepared by local counsel reasonably satisfactory to the Agents, (ii) be in form and substance reasonably satisfactory to the Agents and (iii) be in full force and effect on the Initial Borrowing Date.
The Foreign Credit Parties shall promptly enter into any agreements that the successor may reasonably require to effect its appointment.