Released Loan Party definition

Released Loan Party has the meaning specified therefor in Section 12.25.
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Released Loan Party has the meaning specified therefor in Section 12.25. “Relevant Governmental Body” means the Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board or the Federal Reserve Bank of New York, or any successor thereto.
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Examples of Released Loan Party in a sentence

  • Notwithstanding anything herein to the contrary, a Loan Party (the “Released Loan Party”) shall be automatically released from its obligations under this Agreement in the event that all or any portion of the Equity Interests of the Released Loan Party shall be sold, transferred or otherwise disposed as permitted by Section 7.02(c), and the parties hereby acknowledge and agree that each reference to a “Loan Party” or the “Loan Parties” in this Agreement shall not include such Released Loan Party.

  • Upon such Release, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the Borrower, such Released Loan Party or such other applicable Loan Party such documents, instruments, notices and releases as the Borrower shall reasonably request to evidence such termination and/or release.

  • Effective automatically upon the Effective Date, Agent hereby agrees that (i) each Released Loan Party shall no longer be a “Guarantor” or a “Loan Party” for the purposes of the Credit Agreement or any other Loan Document, including without limitation, this Amendment; and (ii) all security interests and Liens granted to Agent, for itself and for the other Lenders, in property and assets of any Released Loan Party (the “Released Assets”) shall automatically terminate and be released.

Related to Released Loan Party

  • UK Loan Party means any Loan Party incorporated under the laws of England and Wales.

  • Collateral Requirement means the requirement that:

  • Specified Loan Party means any Loan Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11).

  • Borrower as defined in the preamble hereto.

  • Qualified ECP Loan Party means each Loan Party that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000, or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA.