Non-Loan Party definition
Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party.
Non-Loan Party means any Covenant Entity that is not a Loan Party.
Examples of Non-Loan Party in a sentence
Upon the termination of a Caribbean Party’s status as a Loan Party, any Investment by the other Loan Parties therein or Indebtedness of such Caribbean Party owed to any other Loan Parties shall automatically constitute an Investment in or Indebtedness of, as applicable, a Non-Loan Party in accordance with Sections 7.02 and 7.03, respectively, and shall be required to comply with the provisions thereof.
More Definitions of Non-Loan Party
Non-Loan Party means any Person that is not a Loan Party.
Non-Loan Party means any Restricted Subsidiary of the Parent Borrower that is not a Subsidiary Guarantor.
Non-Loan Party means any Company that is not a Loan Party. “Non-Qualifying Party” shall mean any Loan Party that on the Eligibility Date fails for any reason to qualify as an Eligible Contract Participant. “Non-Recourse Indebtedness” means Indebtedness of any one or more Non-Loan Parties (a) that is on terms and conditions reasonably satisfactory to Agent, (b) consists solely of an asset-based working capital facility to support the working capital needs of the applicable Non-Loan Parties, (c) that is not, in whole or in part, Indebtedness of any Loan Party (and for which no Loan Party has created, maintained or assumed any Guaranty Obligation) and for which no holder thereof has or could have upon the occurrence of any contingency, any recourse against any Loan Party or the assets thereof, (d) owing to an unaffiliated third-party (which for the avoidance of doubt does not include the Parent, any Subsidiary thereof, any other Loan Party, any Joint Venture (or owner of any interest therein) or any Affiliate of any of them) and (e) the source of repayment for which is expressly limited to the assets and/or cash flows of such Non-Loan Party and/or the Equity Interests and Equity Interests Equivalents of such Non-Loan Party. “North American Loan Party” shall mean any Loan Party that is organized or incorporated under the laws of (x) the United States, any state thereof, or the District of Columbia or (y) Canada or any province or territory thereof other than Quebec (unless, as to any such Loan Party organized or incorporated under the laws of Quebec, Agent shall agree in its Permitted Discretion that such Loan Party shall be treated as a North American Loan Party). “Notes” shall mean collectively, the Term Notes, the Revolving Credit Note and the Swing Loan Note. “Obligations” shall mean and include: (A) any and all loans (including without limitation, all Advances and Swing Loans), advances, debts, liabilities, obligations (including without limitation all reimbursement obligations and cash collateralization obligations with respect to Letters of Credit issued hereunder), covenants and duties owing by any Loan Party or any Subsidiary of any Loan Party] under this Agreement or any Other Document (and any as the same may be amended, modified, supplemented, increased, renewed, restated, or replaced from time to time), to Issuer, Swing Loan Lender, Lenders or Agent (or to any other direct or indirect subsidiary or Affiliate of Issuer, Swing Loan Lender, any Lender or Agent) or ...
Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party, including any Permitted JV.
Non-Loan Party means any Subsidiary of Harley that is not a Company.
Non-Loan Party means (a) any Nexstar Subsidiary of the Nexstar Ultimate Parent that is not a Loan Party and (b) any Subsidiary that is not a Loan Party.