Senior Loan Party definition

Senior Loan Party means any "Loan Party" as defined in the Senior Credit Agreement, (iii) "Senior Group Member" means any "Group Member" as defined in the Senior Credit Agreement, and (iv) "CDF2 Loan Agreement" has the meaning set forth in the Multiparty Agreement. One or more of the following events shall constitute a "Senior Credit Agreement Tier 2 Event of Default":
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Senior Loan Party and “Senior Loan Parties” are defined in the Recitals to this Agreement.
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Senior Loan Party means a “Loan Party” as such term (or similar phrase) is defined in any Senior Credit Agreement.
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Examples of Senior Loan Party in a sentence

  • Any default or breach by any Senior Loan Party under the Senior Loan Documents to which it is a party which is not cured prior to the expiry of any applicable grace, notice or cure period afforded to such Senior Loan Party under such Senior Loan Documents shall constitute an Event of Default under this Agreement, without regard to any subsequent payment or performance of any such obligations by Lender.

  • Lender shall have no obligation to any Loan Party, any Senior Loan Party or any other Person to make any such payment or performance.

  • If any Senior Lender or any Loan Party shall deliver to Lender a copy of any notice of default under any Senior Loan Documents sent by any Senior Lender to a Senior Loan Party, such notice shall constitute full protection to Lender for any action taken or omitted to be taken by Lender, in good faith, in reliance thereon.

  • Borrower shall, or shall cause each Senior Loan Party to, from time to time, obtain from its Senior Lender such certificates of estoppel with respect to compliance by such Senior Loan Party with the terms of its Senior Loan Documents as may be requested by Lender in form and substance reasonably acceptable to Lender.

  • Without the express prior written consent of Lender, Borrower shall not, nor shall it permit any Senior Loan Party to, enter into any consensual sale or other transaction in connection with any Senior Loan which could diminish, modify, terminate, impair or otherwise adversely affect the interests of Lender or such Senior Loan Party in the Collateral or any portion thereof or any interest therein or of such Senior Loan Party in any Property or any portion thereof or any interest therein.

  • Borrower shall not, nor shall it permit any Senior Loan Party to, without obtaining the prior written consent of Lender, enter into any Amendment of any of the Senior Loan Documents.

  • Borrower shall not, nor shall it permit any Senior Loan Party to, impede, interfere with, hinder or delay any effort or action on the part of Lender to cure any default or asserted default under any Senior Loan, or to otherwise protect or preserve Lender’s interests in the Loan and the Collateral following a default or asserted default under any Senior Loan.

  • Borrower shall be required to obtain the consent of Lender, which may be withheld in Lender’s sole discretion, before any Senior Loan Party is permitted to make any partial or full prepayments of amounts owing under any Senior Loan.

  • Borrower shall not, nor shall it permit any Senior Loan Party to, enter into any deed-in-lieu or consensual foreclosure with or for the benefit of any Senior Lender or any of its Affiliates.

  • Except as listed on Schedule 5.5(d), Borrower shall not, nor shall it permit any Senior Loan Party to, without obtaining the prior written consent of Lender, enter into any Amendment of any of the Senior Loan Documents.


More Definitions of Senior Loan Party

Senior Loan Party means any Person obligated on any Senior Loan.
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Related to Senior Loan Party

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

  • Senior Lender means each holder of a Senior Note.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of November 19, 2020, by and among Borrower, the subsidiary guarantors from time to time party thereto, and the Senior Creditors, as amended, restated, supplemented or otherwise modified from time to time.