Initial Credit Party definition

Initial Credit Party means any such Person.
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Initial Credit Party means and include the Company and each Initial Subsidiary Guarantor.
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Examples of Initial Credit Party in a sentence

  • Each Initial Credit Party shall have received on or before the Closing Date in writing any consents required of third parties for the consummation of the transactions contemplated by the Operative Documents pursuant to any Law, contract, agreement or instrument by which such Initial Credit Party is bound or to which either of them is subject.

  • No change in the financial condition or operations of any Initial Credit Party, shall have occurred since the date of the Last Audited Financial Statements which could reasonably be expected to have a Material Adverse Effect, as determined by the Purchasers in their reasonable discretion.

  • For greater certainty, the opinions of Cerrahoğlu Law Firm shall include an opinion confirming that the Initial Credit Party Guarantee provided by Tüprag Metal remains enforceable against Tüprag Metal following the execution and delivery of this Agreement.

  • Except as expressly amended herein, all of the terms and provisions of the LSA and the Loan Documents are ratified and confirmed in all respects by each Initial Credit Party and the New Credit Party and shall remain in full force and effect.

  • Each Initial Credit Party and the New Credit Party hereby acknowledges and agrees that there is no defense, setoff or counterclaim of any kind, nature or description to the Obligations or the payment thereof when due.

  • The Administrative Agent shall have received the Initial Credit Party Guarantees, the Initial Security Documents, the BVCo Guarantee, the BVCo Security Documents, the BVCo (Greece) Guarantee, the BVCo (Greece) Security Documents, the Canadian Subsidiary Guarantees and the Canadian Security Agreements, each duly executed and delivered by the parties thereto.

  • The Agent may conclusively rely on each such certificate of such Initial Credit Party until the Agent shall receive a further certificate of the Secretary or an Assistant Secretary or other representative of such Initial Credit Party canceling or amending the prior certificate of such Initial Credit Party and submitting the signatures of the officers or other representatives named in such further certificate.

  • The Administrative Agent shall have received the Initial Credit Party Guarantees, the Initial Security Documents, the BVCo Guarantee, the BVCo Security Documents, the Canadian Subsidiary Guarantees and the Canadian Security Agreements, each duly executed and delivered by the parties thereto.

  • For greater certainty, the written opinions of Cerrahoğlu Law Firm shall be in form and substance similar to the written opinion delivered by Cerrahoğlu Law Firm in connection with the 2021 Credit Agreement, and shall include an opinion confirming that the Initial Credit Party Guarantee provided by Tüprag Metal remains enforceable following the execution and delivery of this Agreement.

Related to Initial Credit Party

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

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

  • Foreign Credit Party means a Credit Party which is not a Domestic Credit Party.

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

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

  • U.S. Credit Parties means, collectively, the US Borrowers and the US Subsidiary Guarantors.

  • Credit Parties means the Borrower and the Guarantors.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Borrower as defined in the preamble hereto.

  • Specified Credit Party means any Credit Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11).

  • Partial Credit Payment means any payment, distribution or benefit that is not a Full Credit Payment.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • DIP Lender means a lender under the DIP Facility.

  • Additional Credit Facilities means any credit facilities added pursuant to Sections 2.22, 2.23 or 9.02(c).

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

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

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

  • Lender Group means, individually and collectively, each of the Lenders (including the Issuing Lender) and Agent.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that: