Loan Party definition
Examples of Loan Party in a sentence
The Lenders acknowledge that, pursuant to such activities, any Agent or its Affiliates may receive information regarding any Loan Party or any of its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that no Agent shall be under any obligation to provide such information to them.
Each Loan Party is in compliance, in all material respects, with its material obligations under each Side Letter Agreement (if any) and there contains no material misrepresentation or inaccurate statement by a Loan Party therein.
Without limiting the generality of the foregoing, the Administrative Agent: may consult with legal counsel (including its own counsel or counsel for any Loan Party or any other Person), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts.
Administrative Agent shall determine, in its sole discretion on Administrative Agent’s good faith belief, whether such Proposed Modification is a Material Amendment, and shall use reasonable efforts to notify such Loan Party of its determination within ten (10) Business Days of the date on which it is deemed to have received the Proposed Modification Notice pursuant to Section 10.01.
The Transactions are within the respective organizational powers of each Loan Party and have been duly authorized by all necessary organizational action.