Loan Party Notice definition

Loan Party Notice that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community does not participate in the NFIP, (C) documentation evidencing the applicable Loan Party’s receipt of any such Loan Party Notice (e.g., countersigned Loan Party Notice, return receipt of certified U.S. Mail, or overnight delivery), and (D) if the Loan Party Notice is required to be given and, to the extent flood insurance is required by any applicable Requirement of Law or any Lenders’ written regulatory or compliance procedures and flood insurance is available in the community in which the property is located, a copy of one of the following: the flood insurance policy, the applicable Loan Party’s application for a flood insurance policy plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance that complies with all applicable laws and regulations reasonably satisfactory to the Administrative Agent and each Lender (any of the foregoing being “Evidence of Flood Insurance”). Notwithstanding anything contained herein to the contrary, no Mortgage will be executed and delivered until each Lender has confirmed to the Administrative Agent that such Lender has satisfactorily completed its flood insurance due diligence and compliance requirements. Each of the parties hereto acknowledges and agrees that, if there are any Mortgaged Properties, any increase, extension or renewal of any of the Revolving Commitments including the provision of any incremental credit facilities hereunder, but excluding (i) any continuation or conversion of borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit shall be subject to (and conditioned upon): (A) the prior delivery of all applicable Flood Documents with respect to such Mortgaged Properties as required by the Flood Laws and as otherwise reasonably required by the Lenders and (B) the Administrative Agent having received written confirmation from each Lenders that such Lender has satisfactorily completed its flood insurance due diligence and compliance requirements.

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Loan Party Notice as defined in Section 6.12(b).

Examples of Loan Party Notice in a sentence

The parties hereto hereby confirm that with effect from the date of the Loan Party Notice for the Applicant Loan Party, the Applicant Loan Party shall have obligations, duties and liabilities toward each of the other parties to the Credit Agreement identical to those which the Applicant Loan Party would have had if the Applicant Loan Party had been an original party to the Credit Agreement as a Loan Party.
Effective as of the date of the Loan Party Notice for the Applicant Loan Party, the Applicant Loan Party confirms its acceptance of, and consents to, all representations and warranties, covenants, and other terms and provisions of the Credit Agreement.
During the ninety (90) days following the delivery by the Borrowers of a Loan Party Notice, the applicable Subsidiary identified in the Loan Party Notice shall not be considered a Non-Material Covenant Subsidiary for purposes of Subsection 7.10(c).
UCC-1 Pledge Agreement and Security Agreement DE SOS FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency of which are hereby acknowledged, [Loan Party Name], [Loan Party Description] (the “Grantor”), having its chief executive office at [Loan Party Notice Address], hereby grants to JPMorgan Chase Bank, N.A., as Collateral Agent, (the “Grantee”), with offices at ▇▇ ▇.
Date: [●], 20[●] [NEW LOAN PARTY NAME] By: Name: Title: [New Loan Party Notice Address] The undersigned hereby executes this counterpart to the Security Agreement dated as of October 16, 2015 among Sucampo Pharmaceuticals, Inc., the other Loan Parties from time to time party thereto and Jefferies Finance LLC, as Collateral Agent, and, as of the date hereof, assumes all of the rights and obligations of a “Loan Party” thereunder.
LOAN PARTY: [LOAN PARTY NAME] By: Name: Title: [Loan Party Notice Address] COLLATERAL AGENT: BANK OF AMERICA, N.A., as Collateral Agent By: Name: Title: Notice Address: Principal Office: Bank of America, N.A. Agency Management Mail Code: NC1-001-15-14 ▇▇▇ ▇.
Date: [●], 20[●] [NEW LOAN PARTY NAME] By: Name: Title: [New Loan Party Notice Address] The undersigned hereby executes this counterpart to the Pledge Agreement dated as of October 16, 2015 among Sucampo Pharmaceuticals, Inc., the other Loan Parties from time to time party thereto and Jefferies Finance LLC, as Collateral Agent, and, as of the date hereof, assumes all of the rights and obligations of a “Loan Party” thereunder.
Date: [·], 20[·] [NEW LOAN PARTY NAME] By: Name: Title: [New Loan Party Notice Address] The undersigned hereby executes this counterpart to the Security Agreement dated as of August 17, 2015 among AMAG Pharmaceuticals, Inc., the other Loan Parties from time to time party thereto and Jefferies Finance LLC, as Collateral Agent, and, as of the date hereof, assumes all of the rights and obligations of a “Loan Party” thereunder.
FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency of which are hereby acknowledged, [Loan Party Name], [Loan Party Description] (the “Grantor”), having its chief executive office at [Loan Party Notice Address], hereby grant to BANK OF AMERICA, N.A., as Collateral Agent (the “Grantee”), with offices at Mail Code: NC1-001-15-14, ▇▇▇ ▇.
Date: [·], 20[·] [NEW LOAN PARTY NAME] By: Name: Title: [New Loan Party Notice Address] The undersigned hereby executes this counterpart to the Pledge Agreement dated as of November 12, 2014 among AMAG Pharmaceuticals, Inc., the other Loan Parties from time to time party thereto and Jefferies Finance LLC, as Collateral Agent, and, as of the date hereof, assumes all of the rights and obligations of a “Loan Party” thereunder.

More Definitions of Loan Party Notice

Loan Party Notice that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community does not participate in the NFIP,

Loan Party Notice and (if applicable) notification to the applicable Loan Party that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community does not participate in the NFIP, (C) documentation evidencing the applicable Loan Party’s receipt of the Loan Party Notice (e.g., countersigned Loan Party Notice, return receipt of certified U.S. Mail, or overnight delivery), and (D) if the Loan Party Notice is required to be given and flood insurance is available in the community in which the property is located, a copy of one of the following: the flood insurance policy, the applicable Loan Party’s application for a flood insurance policy plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance reasonably satisfactory to the Administrative Agent (any of the foregoing being “Evidence of Flood Insurance”). Notwithstanding anything herein to the contrary, no Mortgage will be signed by Borrower until each Lender has received and approved the Flood Determination Form and, as applicable, the Evidence of Flood Insurance and Loan Party Notice with respect to the applicable real property.

Loan Party Notice means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to the other, or (c) continuations of Loans which are SOFR Loans, Eurocurrency Rate Loans or ▇▇▇▇▇ Loans, pursuant to Section 2.02(c), which, if in writing, shall be substantially in the form of Exhibit A-1 in the case of the Company or Exhibit A-2 in the case of Allied B.V. or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent) appropriately completed and signed by a Responsible Officer of the applicable Borrower

Loan Party Notice has the meaning specified in Section 2.16 of this Agreement.