New Credit Parties definition

New Credit Parties as defined in Section 3.6.
Sample 1Sample 2Sample 3
New Credit Parties has the meaning assigned thereto in Section 7(a) of this Agreement.
Sample 1
New Credit Parties means CMC Materials and each other Restricted Subsidiary acquired, directly or indirectly, on the Restatement Effective Date by the Borrower in the CMC Materials Acquisition that is a Designated Subsidiary.
Sample 1

Examples of New Credit Parties in a sentence

  • Each of the New Credit Parties and each of its Subsidiaries also has good and marketable title to, or valid leasehold interests in, all of its material personal property and assets.

  • Section 4.8, Section 4.9, Section 4.10, Section 4.11 and Section 4.12 of the Third Amendment (the “Joinder Conditions”) require that the Borrower deliver certain documentation with respect to the New Credit Parties (used herein as such term is defined in the Third Amendment).

  • All references to “Credit Party” or “Guarantor” contained in the Original Agreement and any other Credit Documents, in each case, are hereby deemed for all purposes to also refer to and include such New Credit Parties, and each of them hereby covenants and agrees to comply with all terms and conditions of this Agreement and the other Credit Documents as if it were an original signatory to the Original Agreement and each of the other applicable Credit Documents.

  • Each of Blue Rhino Consumer Products, LLC and Uniflame, LLC (the "New Credit Parties") hereby joins the Investment Agreement and the Debentures as a joint and several obligor thereunder and party thereto, subject to the terms and provisions thereof.

  • Each of the New Credit Parties hereby assumes all the obligations of a "Guarantor" under the Guaranty Agreement executed by the Subsidiaries of Friedman's (txx "Xxxxxxiary Guaranty Agreement") and the other Credit Documents and agrees that it is a "Guarantor" and bound as a "Guarantor" under the terms of the Subsidiary Guaranty Agreement and the other Credit Documents as if it had been an original signatory thereto.

  • As of the Amendment No. 8 Effective Time, each of the New Credit Parties and each of its Subsidiaries has received all deeds, assignments, waivers, consents, nondisturbance and attornment or similar agreements, bills of sale and other documents, and has duly effected all recordings, filings and other actions necessary to establish, protect and perfect such New Credit Party’s or Subsidiary’s right, title and interest in and to all such material owned HT Real Estate and other material properties and assets.

  • The Original Credit Parties have requested that each of the New Credit Parties become a "Guarantor" pursuant to Sections 6.12 and 10.20 of the Agreement.


More Definitions of New Credit Parties

New Credit Parties means FWPI Ltd., FW European E&C Ltd., Continental Finance Company Ltd., the European Guarantor Subsidiaries and the Non-CFC Foreign Subsidiaries.
Sample 1
New Credit Parties means Tiki Hut Holding Company, Inc., a Florida corporation, Tanning Research Laboratories, Inc., a Florida corporation, and Hawaiian Tropic Europe, Inc., a Florida corporation.
Sample 1

Related to New Credit Parties

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

  • Credit Parties means the Borrower and the Guarantors.

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

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

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

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

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

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

  • 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.

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

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

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.7, any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.

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

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

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

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

  • Bank Parties means Administrative Agent and the Banks.

  • Parent Borrower as defined in the preamble hereto.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Borrower as defined in the preamble hereto.

  • Canadian Borrower as defined in the preamble hereto.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • 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: