Significant Party definition

Significant Party means any Guarantor or Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date.
Significant Party means CBII, the Borrower, and Significant Subsidiaries.
Significant Party means in respect of a conduit, the conduit, each principal obligor, and each other person that performs or will perform any of the following activities if that role is material:

Examples of Significant Party in a sentence

  • In addition, upon the Issuer’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(a)(3), 6.01(a)(4), 6.01(a)(5), 6.01(a)(6) (solely with respect to any Significant Party), 6.01(a)(7) (solely with respect to any Significant Party) and 6.01(a)(8) hereof shall not constitute Events of Default.

  • Each Employee Benefit Plan, related trust agreement, arrangement and commitment of any Significant Party or any ERISA Affiliate is legally valid and binding and in full force and effect.

  • None of the Significant Parties is in default in the observance or performance of any of its obligations under the Material Documents and each Significant Party has taken all action required to be taken as of the Effective Date to keep unimpaired its rights thereunder, except where such default or impairment could not reasonably be expected to have a Material Adverse Effect.

  • The Borrower shall notify the Administrative Agent, at its own expense (A) within 30 days after the formation of any Significant Party, (B) within 30 days after the acquisition of any Significant Party, and (C) within 120 days after the end of the fiscal year during which any Subsidiary otherwise becomes a Significant Party.

  • No Significant Party is subject to regulation under the Investment Company Act of 1940, the Federal Power Act, the Interstate Commerce Act or any state public utilities code, or to any other Governmental Rule limiting its ability to incur indebtedness where singularly or cumulatively such limitation could reasonably be expected to have a Material Adverse Effect.


More Definitions of Significant Party

Significant Party means executive officers of general manager grade or higher, and “close relatives” refers to spouse or family members in second degree
Significant Party means any Person (together with its Entity Affiliates) that owns twenty percent (20%) or more of the voting power of the outstanding Voting Securities at any such time.
Significant Party means any Guarantor or Restricted Subsidiary that would be, or any group of Guarantors or Restricted Subsidiaries that taken together would constitute, a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date.
Significant Party means each of Borrower, Guarantor and Manager.
Significant Party means Borrower, Guarantor and each SPE Entity.
Significant Party means those Persons listed on Section 1.1 of the Company Disclosure Letter, and any Affiliate of any such Person.