Non-Loan Parties definition

Non-Loan Parties means members of the Toll Group or any Affiliate thereof, excluding the Company, the Borrower and the Designated Guarantors.

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Non-Loan Parties means Subsidiaries of the Borrower, excluding the Guarantors.

Non-Loan Parties means, collectively, the Subsidiaries that are not Loan Parties.

Examples of Non-Loan Parties in a sentence

• In addition, notwithstanding the foregoing, Restricted Subsidiaries that are Non-Loan Parties may not incur Indebtedness pursuant to the first paragraph of this Section and clauses (n) and (u) of this Section in an aggregate combined principal amount at any time outstanding in excess of $500,000,000 in each case determined at the time of incurrence.

• The Borrower shall use good faith best efforts to cause its Subsidiaries that are Non-Loan Parties to dividend profits in the form of cash proceeds to the Borrower, subject to maintenance of sufficient capital and liquidity to permit continued operation of such Broker-Dealer, including as may be required under Applicable Law.

• In addition, notwithstanding the foregoing, Restricted Subsidiaries that are Non-Loan Parties may not incur Indebtedness pursuant to the first paragraph of this Section and clauses (n) and (r) of this Section in an aggregate combined principal amount at any time outstanding in excess of $500,000,000 in each case determined at the time of incurrence.

• Create or suffer to exist any Indebtedness, other than Permitted Indebtedness (it being expressly understood that the Loan Parties may not, and shall not permit any Subsidiary to, guarantee or provide any other security in respect of any Indebtedness of Non-Loan Parties) that is intended to be non-recourse to the Loan Parties and their Subsidiaries and the IP Hold-Co shall not incur, guarantee or provide security in respect of any Indebtedness (other than the Obligations).

• The relative rights of Senior Claimholders and Non-Loan Parties to repayment of the Senior Debt and the Subordinated Debt, respectively, and in or to any distributions from or in respect of any Loan Party or any proceeds of any Loan Party’s property and assets, shall continue after the filing thereof on the same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, such Loan Party as debtor in possession.

More Definitions of Non-Loan Parties

Non-Loan Parties means the Companies that are not Loan Parties.

Non-Loan Parties any Subsidiary of the Borrower that is not a Loan Party.

Non-Loan Parties means all Affiliates of the Credit Parties who are not Borrower.

Non-Loan Parties shall have the meaning ascribed to such term in the Existing Facility Credit Agreement.

Non-Loan Parties means all Senior Secured Parties other than the Senior Loan Parties.

Non-Loan Parties means, collectively, the Subsidiaries that are not Loan Parties. “ Repayment Deadline ” has the meaning set forth in Section 2.05(b)(vi).

Non-Loan Parties have the meanings set forth in the recitals to this Agreement.