Non-Credit Party definition

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

Non-Credit Party means a Company that is not a Credit Party.

Non-Credit Party means any Person that is not a Credit Party.

Examples of Non-Credit Party in a sentence

• Each of the Credit Parties will not, nor will it permit any Subsidiary to, directly or indirectly, contract, create, incur, assume, permit or suffer to exist, or agree to grant or create, any Lien with respect to any of its property or assets of any kind (whether real or personal, tangible or intangible), including the Royalty Interests, the Non-Credit Party Royalty Interests or any Collateral, whether now owned or hereafter acquired, except for Permitted Liens.

• For purposes of computing net loss of Asta Funding and its Subsidiaries, the net income of any Non-Credit Party Affiliate (to the extent such net income is greater than zero) shall be excluded from such computation.

• For clarity, the requirements of this Section 7.7 shall not limit the ability of the Credit Parties or any Subsidiary thereof to make equity investments in or to invest in Royalty Interests or Non-Credit Party Royalty Interests.

• All of the Available Assets are owned directly by a Credit Party (or directly by (x) a Collateral Real Property Non-Credit Party in the case of Real Property Owned or (y) a Collateral Securitization Note Non-Credit Party in the case of CapitalSource Securitization Notes).

• Borrower as Agent for each U.S. Credit Party, each Canadian Credit Party and each Non-Credit Party.

More Definitions of Non-Credit Party

Non-Credit Party means each Subsidiary that is not a Guarantor.

Non-Credit Party means a Restricted Subsidiary that is not a Credit Party.

Non-Credit Party means any Restricted Subsidiary that is not a Credit Party. “Non-Defaulting Lender” means any Lender that is not then a Defaulting Lender.

Non-Credit Party means any Restricted Subsidiary of the Borrower that is not a Subsidiary Guarantor. “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.

Non-Credit Party means any Person that is not a Credit Party. “Non-Credit Party Asset Sale” shall have the meaning provided in Section 5.2(h). “Non-Credit Party Recovery Event” shall have the meaning provided in Section 5.2(h). “Non-Debt Fund Affiliate” shall mean any Affiliate of the Borrower (other than the Borrower or any Restricted Subsidiary) that is not a Debt Fund Affiliate. “Non-Defaulting Lender” shall mean and include each Lender other than a Defaulting Lender. “Non-Excluded Taxes” shall have the meaning provided in Section 5.4(a). “Non-Extension Notice Date” shall have the meaning provided in Section 3.2(e). “Non-Financing Lease Obligations” shall mean a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation. “Non-U.S. Lender” shall have the meaning provided in Section 5.4(d). “Note” shall mean a Term Note or a Revolving Credit Note, in each case of the Borrower payable to any Lender or its registered assigns, evidencing the aggregate amount of Indebtedness of the Borrower to such Lender resulting from the Loans made by such Lender. “Notice of Borrowing” shall have the meaning provided in Section 2.3(a). “Notice of Conversion or Continuation” shall have the meaning provided in Section 2.6(a). “NYFRB” shall mean the New York Federal Reserve Bank. “NYFRB’s Website” shall mean the website of the NYFRB at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source. “Obligations” shall mean the collective reference to:

Non-Credit Party means a Company that is not a Credit Party. "Non-Credit Party Exposure" shall mean the aggregate amount, after the

Non-Credit Party means any Subsidiary of ResCap that is not a Borrower or Guarantor. Note.