LLC Party definition

LLC Party has the meaning set forth in Section 1.5.1 of this Agreement.
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Examples of LLC Party in a sentence

  • Each LLC Party has duly executed and delivered under the Delaware Limited Liability Company Act each of the Transaction Documents to which it is a party and each Transaction Notice that it has delivered.

  • Each LLC Party has duly authorized by all requisite action under the Delaware Limited Liability Company Act the execution and delivery of the Transaction Documents to which it is a party and the Transaction Notices that it has delivered and the consummation of the transactions contemplated thereby (including the issuance and delivery of the Collateral Specified Interest Certificates and the Exchange Note).

  • Each LLC Party is duly qualified to transact business and is in good standing in each jurisdiction in the United States of America in which the conduct of its activities or the ownership of its properties requires such qualification, unless the failure to obtain such qualification would not reasonably be expected to have a material adverse effect on the ability of such LLC Party to perform its obligations under the Transaction Documents to which it is a party.

  • No LLC Party shall be liable for any debts, obligations or liabilities, whether arising in contract, tort or otherwise, of any other LLC Party.

  • Except as required by the Delaware Act, the debts, obligations and liabilities of LLC, whether arising in contract, tort or otherwise (including without limitation those arising as member, owner or shareholder of another company, partnership or entity), shall be solely the debts, obligations and liabilities of LLC, and no LLC Party shall be obligated personally for any such debt, obligation or liability of LLC solely by reason of being an LLC Party.

  • Each LLC Party is duly qualified to transact business and is in good standing in each jurisdiction in the United States in which the conduct of its activities or the ownership of its properties requires the qualification, unless the failure to obtain the qualification would not reasonably be expected to have a material adverse effect on the ability of the LLC Party to perform its obligations under the Transaction Documents to which it is a party.

  • You further agree that You may be held liable for losses incurred by Hi-Tex Solutions LLC, any Hi-Tex Solutions LLC Party, or another party due to any party using Your Access Information.

  • You agree that the total liability of Hi-Tex Solutions LLC and any Hi-Tex Solutions LLC Party and Your sole remedy for any claims regarding the Services under this Agreement, including any Schedule, or otherwise is limited to any applicable credits set forth in the Service Level Agreement.

  • Each LLC Party has duly authorized by all requisite limited liability company action under the Delaware Limited Liability Company Act the execution and delivery of the Transaction Documents to which it is a party and the Transaction Notices that it has delivered and the consummation of the transactions contemplated thereby (including the issuance and delivery of the Collateral Specified Interest Certificates and the Exchange Note).

  • Any LLC Party that becomes aware of any communication by a third party to any LLC Party about or relating to any such acquisition proposal shall promptly advise UbiquiTel Parent of such communication.

Related to LLC Party

  • LC Participant has the meaning provided in Section 2.05(g)(i).

  • LC Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • 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).

  • Respondent Party has the meaning set forth in Section 7.6(b).

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

  • LC Payment Notice has the meaning specified in Section 2.04(e).

  • Issuing Party has the meaning set forth in Section 8.2.2 (Review).

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • Designated Party means any person listed:

  • L/C Participants means, with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the applicable Issuing Lender.

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Loan Party means the Borrower and each Guarantor.

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

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Lender Recipient Party means collectively, the Lenders, the Swing Line Lender and the L/C Issuer.

  • Agent Party has the meaning assigned to such term in Section 9.01(d).

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Seller Related Party means Seller and its officers, directors, employees, controlling persons, agents and representatives and their respective successors and assigns.

  • Lender-Related Person means, with respect to any Lender, such Lender, together with such Lender’s Affiliates, officers, directors, employees, attorneys, and agents.

  • Parent Related Party means Parent, Merger Sub, the Lender (as defined below), or any of their respective former, current and future general or limited partners, shareholders, financing sources, managers, members, agents, directors, officers, employees or Affiliates (excluding any Company Related Party).

  • Recipient Party means the Party which receives Confidential Information from the other Party.

  • Related Party(ies) means, with respect to any Person, such Person’s Affiliates, and the partners, members, shareholders, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates.

  • Lending Party shall have the meaning assigned to such term in Section 11.14.

  • Indemnitee Agent Party as defined in Section 9.6.

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

  • Company Related Party means the Company and its Subsidiaries and any of their respective former, current and future officers, employees, directors, partners, shareholders, management members or Affiliates (excluding any Parent Related Party).