Surety Party definition

Surety Party means, in respect of each Surety Bond, the entity ------------ which issued such Surety Bond, as specified on Schedule IX to the Credit Agreement, and any Person issuing any replacement of such Surety Bond that does not increase the amount, or shorten the maturity, thereof, provided -------- that the Company shall have delivered to the Trustee the name of such Person and any other relevant information with respect thereto requested by the Trustee.
Sample 1Sample 2Sample 3

Examples of Surety Party in a sentence

  • On or prior to the Trust Effective Date, the Company will request the Administrative Agent and each Surety Party to deliver to the Trustee the names of the officers of each thereof authorized to give directions hereunder on behalf of such parties.

  • The Company agrees to indemnify ---------------------------------- and hold harmless the Trustee, the Administrative Agent, each Surety Party and each Secured Party from any present or future claim for liability for any stamp or any other similar tax, and any penalties or interest with respect thereto, which may be assessed, levied or collected by any jurisdiction in connection with this Trust Agreement, any Trust Security Document, the Trust Estate or any Collateral.

  • All distributions made by the Trustee pursuant to Section 3.4 shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Trustee shall have no duty to inquire as to the application by the Administrative Agent or a Surety Party of any amounts distributed to them.

  • Grady Title: Vice Presidenx LIBERTY MUTUAL INSURANCE COMPANY, solely in its capacity as a Surety Party under the Surety Bond Documents By: /s/ Matt Haydon --------------------------------------------- Name: Matt Haydon Title: Vice President, Xxxxxxx Xxxd Services, a division of LMIC LEHMAN COMMERCIAL PAPER INC., as adminixxxxxxve agent under the Senior Loan Facility By: /s/ G.

  • In addition, the Company will promptly notify the Trustee of each change in the identity of the Administrative Agent or any Surety Party.

  • If the Trustee does not receive the names of the officers of the Administrative Agent, the Indenture Trustee or any Surety Party authorized to give directions hereunder on behalf of such parties, the Trustee may rely on any person purporting to be authorized to give directions hereunder on behalf of such parties.

  • The Company will request that the Administrative Agent and each Surety Party (and, if any Indenture Securities have been issued, the Indenture Trustee) notify the Trustee of any changes of the officers of each thereof authorized to give directions hereunder on behalf of such parties prior to the date of any such changes.

  • The Company agrees to indemnify and hold harmless the Trustee, the Administrative Agent, each Surety Party and each Secured Party from any present or future claim for liability for any stamp or any other similar tax, and any penalties or interest with respect thereto, which may be assessed, levied or collected by any jurisdiction in connection with this Trust Agreement, any Trust Security Document, the Trust Estate or any Collateral.

  • Each Obligor also hereby authorizes the Trustee to sign and the Administrative Agent, the Required Instructing Parties, any Surety Party or the Trustee to file any such financing or continuation statements without the signature of such Obligor to the extent permitted by applicable law.

  • Surety (Party A): Shanghai Xinguang Enterprise Development Co., Ltd.

Related to Surety Party

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Loan Party means the Borrower and each Guarantor.

  • Performance Guarantor means Parent.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Security Party means the Borrowers, the Corporate Guarantor, the Shareholder or any other person who may at any time be a party to any of the Security Documents (other than the Banks);

  • Security Parties means at any relevant time, the Borrower, the Guarantor, the Pledgor, the Target, the Vessel Owners and any other person who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness, and “Security Party” means any one of them.

  • Credit Provider means a Person providing Credit Link Documents, in form and substance acceptable to the Administrative Agent in its sole discretion, of the obligations of an Investor to make Capital Contributions.

  • Hedging Agreement Provider means any Person that enters into a Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted hereunder to the extent such Person is a (a) Lender, (b) an Affiliate of a Lender or (c) any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Party/Parties means Buyer and Seller individually/collectively.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Relevant Party means each Loan Party and Sponsor (and, collectively “Relevant Parties”).

  • Guarantor means: .............................................................................................................................................

  • Seller Guarantor has the meaning set forth in the Preamble.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

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

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • Governmental Lender means the City of Los Angeles, a municipal corporation and charter city of the State of California and any successor under this Funding Loan Agreement and the Funding Loan Documents.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Auction Party has the meaning set forth in the definition of “Dutch Auction”.

  • Material Subsidiary means any Subsidiary other than an Immaterial Subsidiary.

  • Third-Party Lender means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit or an Originating Affiliate pursuant to an Auto Loan Purchase and Sale Agreement.

  • Eligible Guarantor means an entity that (A) has credit ratings at least equal to the Approved Ratings Threshold or (B) has credit ratings at least equal to the Required Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the Approved Ratings Threshold will not cause a Collateral Event (as defined in the Credit Support Annex) not to occur or continue.