Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.
Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary.
Subsidiary Loan Party means each Subsidiary that is (a) a Domestic Subsidiary Loan Party or (b) a Foreign Subsidiary Loan Party.
Examples of Subsidiary Loan Party in a sentence
In the event that the Borrower elects to cause an Excluded Subsidiary to be a Subsidiary Loan Party in accordance with the foregoing, such Excluded Subsidiary shall cease to be an Excluded Subsidiary for purposes of the Loan Documents until redesignation as an Excluded Subsidiary in accordance with the terms hereof.
Upon the release of Holdings or any Subsidiary Loan Party from its Guarantee in compliance with this Agreement, the security interest in any Collateral owned by Holdings or such Subsidiary created by the Security Documents shall be automatically released.
More Definitions of Subsidiary Loan Party
Subsidiary Loan Party means any Subsidiary that executes or becomes a party to the Guaranty and Security Agreement.
Subsidiary Loan Party means (a) each Wholly Owned Domestic Subsidiary of the Borrower that is not an Excluded Subsidiary and (b) any other Subsidiary of the Borrower that may be designated by the Borrower (by way of delivering to the Collateral Agent a supplement to the Collateral Agreement and a supplement to the Subsidiary Guarantee Agreement, in each case, duly executed by such Subsidiary) in its sole discretion from time to time to be a guarantor in respect of the Obligations and the obligations in respect of the Loan Documents, whereupon such Subsidiary shall be obligated to comply with the other requirements of Section 5.10(d) as if it were newly acquired.
Subsidiary Loan Party means (a) each Domestic Subsidiary of the Borrower on the Closing Date (other than Bucksport Leasing Company) and (b) each Domestic Subsidiary of the Borrower that becomes, or is required to become, a party to the Collateral Agreement after the Closing Date.
Subsidiary Loan Party means any Subsidiary that executes or becomes a party to the Subsidiary Guaranty Agreement.
Subsidiary Loan Party means each Restricted Subsidiary that is or, after the date hereof, becomes a party to the Collateral Agreement.
Subsidiary Loan Party. “Guarantor” or “Grantor” in the Collateral Agreement shall be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by reference.
Subsidiary Loan Party means each Subsidiary that is a party to the Collateral Agreement.