New Loan Party has the meaning assigned to such term in Section 5.09(a).
New Loan Party. Any Person that executes a supplement or joinder to this Agreement substantially in the form of Exhibit H and becomes a Loan Party under this Agreement pursuant to Section 9.1.12(a) or (b), Section 9.2.1(b)(ix) or Section 9.2.3(a).
Examples of New Loan Party in a sentence
Each Loan Party hereby agrees that, to the extent that any Person becomes a Loan Party (a “New Loan Party”), each other Loan Party will cause such New Loan Party to promptly sign a joinder to this Agreement in form and substance reasonably satisfactory to each other Party hereto.
New Loan Party covenants that it will perform all covenants required to be performed by it as party to each of the Joined Loan Documents.
New Loan Party and the other Loan Parties shall have complied in all respects with the terms hereof and of any other agreement, document, instrument or other writing to be delivered by New Loan Party and the other Loan Parties in connection herewith.
New Loan Party is duly organized and existing under the laws of the jurisdiction of its organization and qualified to do business in any state where the failure to be so qualified reasonably could be expected to result in a Material Adverse Change.
The New Loan Party hereby agrees to all the terms and provisions of the Credit Agreement applicable to it as a Guarantor.
More Definitions of New Loan Party
New Loan Party means each of New Holdings, LIN and each Restricted Subsidiary of LIN (other than the Borrower Representative and its Restricted Subsidiaries).
New Loan Party means any Loan Party not a party to the Existing Credit Agreement as of the Closing Date.
New Loan Party means an Acquisition Subsidiary that, pursuant to Section 12.17, is required to execute a Guarantor Joinder Agreement or Borrower Joinder Agreement. “New Vehicle” means a Vehicle that has never been owned except by a manufacturer, distributor or dealer (including a vehicle acquired by trade with another dealer); has never been registered or titled; is of the current or immediately preceding model year; and, except for a Demo, has not been driven more than 500 total miles. “New Vehicle Floorplan Advance” means a borrowing consisting of the New Vehicle Floorplan Loans to be made by the Lenders on any date. “New Vehicle Floorplan Borrower” means the Company, any Dealership executing this Agreement as a New Vehicle Floorplan Borrower and any Dealership which hereafter becomes a New Vehicle Floorplan Borrower in accordance with the requirements of this Agreement, in its capacity as a borrower under the credit facilities described in Article 2 of this Agreement. “New Vehicle Floorplan Borrowing Rate” means the sum of (a) Adjusted Daily Simple SOFR or the Term SOFR Alternative Rate, as designated by the Company from time to time, plus (b) the New Vehicle Floorplan Margin. “New Vehicle Floorplan Commitment” means for each Lender, the obligation of such Lender to make New Vehicle Floorplan Loans to the New Vehicle Floorplan Borrowers and to participate in New Vehicle Swing Line Loans, in an aggregate amount not exceeding the amount set forth for such Lender on Schedule 1, as such amount may be modified as the result of any assignment or as otherwise modified from time to time pursuant to Section 6.17 or the other provisions hereof. “New Vehicle Floorplan Commitment Fee” has the meaning set forth in Section 2.1.7. “New Vehicle Floorplan Commitment Fee Rate” has the meaning set forth in the Pricing Schedule. “New Vehicle Floorplan Dealership” means each New Vehicle Floorplan Borrower except the Company. “New Vehicle Floorplan Loan” has the meaning set forth in Section 2.1.1. “New Vehicle Floorplan Margin” has the meaning set forth in the Pricing Schedule. “New Vehicle Floorplan Obligations” means all present and future New Vehicle Floorplan Loans, New Vehicle Swing Line Loans, and other debts, liabilities, obligations, reimbursements, indemnities, covenants, warranties, duties and obligations relating thereto of each New Vehicle Floorplan Borrower to the Agent and the Lenders under this Agreement, and the other Loan Documents, whether now or hereafter existing or inc...
New Loan Party any Person that executes a supplement or joinder to this Agreement substantially in the form of Exhibit I and becomes a Loan Party under this Agreement pursuant to Sections 10.1.13(a) or (b), Sections 10.2.1(b)(ix) or (x) or Section 10.2.3(b). New Zealand Allocated U.S. Availability: U.S. Availability designated by the North American Loan Party Agent for application to clause (c) of a New Zealand Borrowing Base.
New Loan Party. [ ] By: Name: Title: 3 Revise as appropriate depending on if the New Loan Party is U.S. or non-U.S. Person. Bank of America, N.A. (acting through its Australia Branch) $ 33,000,000.00 RBS Invoice Finance Limited $ 10,000,000.00 Xxxxx Fargo Bank, National Association, London Branch $ 10,000,000.00 Barclays Bank PLC $ 9,500,000.00 JPMorgan Chase Bank, N.A., Sydney Branch (ABN 43 074 112 011) $ 6,500,000.00 Union Bank, N.A. $ 6,000,000.00 Bank of America, N.A. (acting through its Canada Branch) $ 63,625,641.25 Xxxxx Fargo Capital Finance Corporation Canada $ 28,000,000.00 Barclays Bank PLC $ 27,500,000.00 JPMorgan Chase Bank, N.A., Toronto Branch $ 10,000,000.00 U.S. Bank National Association, Canada Branch $ 7,435,897.43 Xxxxxxx Xxxxx Lending Partners LLC $ 7,142,857.14 Union Bank, Canada Branch $ 6,622,222.00 PNC Bank Canada Branch $ 6,428,571.43 The Toronto-Dominion Bank $ 6,428,571.43 City National Bank $ 3,717,948.72 KeyBank, N.A. $ 3,098,290.60 Bank of America, N.A. $ 120,052,930.18 Xxxxx Fargo Bank, National Association $ 150,000,000.00 Barclays Bank PLC $ 80,000,000.00 SunTrust Bank $ 60,000,000.00 U.S. Bank National Association $ 52,564,102.57 Regions Bank $ 48,250,000.00 Union Bank, N.A. $ 47,377,778.00 RBS Citizens Business Capital $ 45,000,000.00 Xxxxxxx Xxxxx Lending Partners LLC $ 42,857,142.86 CIT Bank $ 38,571,428.57 PNC Bank, National Association $ 38,571,428.57 TD Bank, N.A. $ 38,571,428.57 Flagstar Bank, FSB $ 35,000,000.00 HSBC Bank USA, N.A. $ 31,000,000.00 City National Bank $ 26,282,051.28 Xxxxxxx Xxxxx Bank, N.A. $ 25,000,000.00 The Huntington National Bank $ 25,000,000.00 JPMorgan Chase Bank, N.A. $ 23,500,000.00 KeyBank, N.A. $ 21,901,709.40 Capital One Leverage Finance Corp. $ 20,000,000.00 BOKF, NA $ 7,500,000.00
New Loan Party means an Acquisition Subsidiary that, pursuant to Section 12.17, is required to execute a Guarantor Joinder Agreement or Borrower Joinder Agreement. “New Vehicle” means a Vehicle that has never been owned except by a manufacturer, distributor or dealer (including a vehicle acquired by trade with another dealer); has never been registered or titled; is of the current or immediately preceding model year; and, except for a Demo, has not been driven more than 500 total miles. 26