German Loan Parties definition

German Loan Parties means the German Borrower and any Subsidiary of the U.S. Borrower organized under the laws of Germany that is or hereafter becomes a party to the Foreign Guarantee Agreement.

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German Loan Parties means, collectively, the German Borrower and any future Loan Party that is organized under the laws of Germany.

German Loan Parties means, individually and collectively as the context may require, the German Borrowers and each German Guarantor.

Examples of German Loan Parties in a sentence

• No German Loan Party will assert any right, claim or cause of action, including, without limitation, a claim of subrogation, contribution or indemnification, that it has against any German Obligated Party, or any Collateral, until the German Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks and the Lenders.

• Each of the German Loan Parties covenants and agrees that its right to receive any contribution under this German Guarantee from a Non-Paying German Loan Party shall be subordinate and junior in right of payment to the payment in full in cash of the German Guaranteed Obligations.

• If acceleration of the time for payment of any of the German Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of any German Loan Party, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the German Guaranteed Obligations shall nonetheless be payable by the German Loan Parties promptly on demand by the Administrative Agent.

More Definitions of German Loan Parties

German Loan Parties means, individually and/or collectively as the context may require, any German Borrower and any German Guarantors, and their respective successors and assigns.

German Loan Parties means, collectively, the German Borrower and the German Subsidiary Guarantors.

German Loan Parties means Parent and Spark Networks Services GmbH and any other Loan Party or Loan Parties incorporated under German law and any Loan Party resident for tax purposes in the Germany including any Loan Party carrying on a business through a permanent establishment or deemed permanent establishment taxable in the Germany.