Term Credit Parties definition

Term Credit Parties shall have the meaning assigned to that term in the recitals to this Agreement.
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Term Credit Parties means the Term Borrower, the Term Guarantors and each other direct or indirect Subsidiary of the Company or any of its Affiliates that is or becomes a party to any Term Document.
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Term Credit Parties shall have the meaning assigned to that term in the introduction to this Agreement.
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Examples of Term Credit Parties in a sentence

  • The ABL Agent is hereby authorized to make any such endorsements as agent for the Term Agent or any such Term Credit Parties.

  • The ABL Agent, for and on behalf of itself and the other ABL Credit Parties, acknowledges and agrees that, concurrently herewith, the Term Agent, for the benefit of itself and the other Term Credit Parties, has been, or may be, granted Liens upon all of the Collateral in which the ABL Agent has been granted Liens and the ABL Agent hereby consents thereto.

  • Notwithstanding the foregoing purchase of the ABL Obligations by the purchasing Term Credit Parties, the ABL Credit Parties shall retain the right to indemnification from the Loan Parties under Section 10.04 of the ABL Credit Agreement and other obligations of the Loan Parties under the ABL Documents which by their express terms would survive any repayment of the ABL Obligations.

  • The Term Agent represents and warrants to the ABL Agent that it has the requisite power and authority under the Term Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the Term Credit Parties and that this Agreement shall be binding obligations of the Term Agent and the Term Credit Parties, enforceable against the Term Agent and the Term Credit Parties in accordance with its terms.

  • This Agreement is solely for the benefit of the ABL Agent, the ABL Credit Parties, the Term Agent and the Term Credit Parties.

  • The ABL Agent, on behalf of itself and the ABL Credit Parties, agrees that none of the Term Agent or the Term Credit Parties shall incur any liability as a result of a sale, lease, license, application, or other disposition of the Collateral or any part or Proceeds thereof, pursuant to the Term Documents, so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement.

  • This Section 2.3 shall not be construed to in any way limit or impair the rights of the ABL Agent to join (but not control or object to in any way) any foreclosure or other Exercise of Secured Creditor Remedies with respect to the Collateral initiated by the Term Agent, so long as it does not delay or interfere in any material respect with the exercise by the Term Credit Parties of their respective rights as provided in this Agreement.

  • Each of the ABL Agent, for and on behalf of itself and the ABL Credit Parties, and the Term Agent, for and on behalf of itself and the Term Credit Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance.

  • The ABL Agent and the ABL Credit Parties shall be entitled to manage and supervise their loans and extensions of credit under any ABL Credit Agreement and any of the other ABL Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the Term Agent or any of the Term Credit Parties have in the Collateral, except as otherwise expressly set forth in this Agreement.

  • The ABL Credit Parties and the Term Credit Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.


More Definitions of Term Credit Parties

Term Credit Parties means the Term Borrowers, the Term Guarantors, the Term Canadian Pledgor and each other direct or indirect subsidiary of Parent or any of its Affiliates that is now or hereafter becomes a party, or is now or hereinafter required to become a party, to any Term Document.
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Term Credit Parties means any two or more of them, collectively.
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Term Credit Parties shall have the meaning assigned thereto in the Recitals hereto.
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Related to Term Credit Parties

  • U.S. Credit Parties means, collectively, the US Borrowers and the US Subsidiary Guarantors.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Credit Parties means the Borrower and the Guarantors.

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.7, any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Non-Credit Party means any Subsidiary of the Borrower that is not a Credit Party.

  • Term Loan Lenders means the lenders from time to time party to the Term Loan Agreement.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Foreign Credit Party means a Credit Party which is not a Domestic Credit Party.

  • DIP Lender means a lender under the DIP Facility.

  • Existing Lenders as defined in the recitals hereto.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Agreement.