UK Credit Party definition

UK Credit Party means a Credit Party organized under the laws of the United Kingdom.

UK Credit Party means UK Holdco, UK Serviceco and UK Retail;

UK Credit Party means any one of such Persons.

Examples of UK Credit Party in a sentence

• In respect of each UK Credit Party, and for the purposes of The Council of the European Union Regulation No. 1346/2000 on Insolvency Proceedings, its centre of main interest (as that term is used in Article 3(1) of such regulation) is situated in England and Wales and it has no “establishment” (as that term is used in Article 2(h) of such regulation) in any other jurisdiction.

• For the purposes of The Council of the European Union Regulation No. 1346/2000 on Insolvency Proceedings, each UK Credit Party shall ensure that its centre of main interest (as that term is used in Article 3(1) of such regulation) is situated in England and Wales and that it has no “establishment” (as that term is used in Article 2(h) of such regulation) in any other jurisdiction.

• No UK Credit Party nor any of its Subsidiaries is or has at any time (a) been an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993); or (b) been “connected” with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 2004) such an employer.

• Any action taken or omitted to be taken by a UK Issuing Lender under or in connection with any UK Letter of Credit issued by it shall not create for such UK Issuing Lender any resulting liability to any UK Borrower, any other UK Credit Party, any Lender or any other Person unless such action is taken or omitted to be taken with gross negligence or willful misconduct on the part of such UK Issuing Lender (as determined by a court of competent jurisdiction in a final and non-appealable decision).

• If a New Lender fails to indicate its status in accordance with this paragraph (ix), then such New Lender shall be treated for the purposes of this Agreement (including by each U.K. Credit Party) as if it is not a Qualifying Lender until such time as it notifies Agent which category applies (and Agent, upon receipt of such notification, shall inform the Borrower Representative on behalf of the U.K. Credit Parties).

More Definitions of UK Credit Party

UK Credit Party means each subsidiary of the US Company, other than any US Credit Party.

UK Credit Party means each subsidiary of the US Company, other than any US Credit Party or any Immaterial Subsidiary.

UK Credit Party means (a) Purchaser, (b) Ball UK Holdings Ltd., an entity organized under the laws of England and Wales and (c) each other Person organized or formed under the laws of the England and Wales (i) that is or becomes an Other Subsidiary Borrower or (ii) grants security in respect of any Capital Stock owned by it in a Borrower or a Material Subsidiary in accordance with Section 7.12 or Section 7.14, in theeach case of clauses (b) and (c), solely to the extent that such Person remains an Other Subsidiary Borrower or continues to grant security in respect of Capital Stock in accordance with the terms of this Agreement.

UK Credit Party means the UK Borrower, the Parent Guarantor, MSG Investments and each of the Subsidiary Guarantors that are Foreign Subsidiaries.

UK Credit Party means (i) Sundial UK, (ii) concurrently upon completion of the Acquisition, the Target Acquisition Companies, and (iii) any other Material Subsidiary of the Parent that is incorporated, organized or resident under the laws of England and Wales.

UK Credit Party or “UK Credit Parties” means (a) individually, (i) each UK Lender and its branches and Affiliates, (ii) the Agent and its Affiliates, (iii) the Arrangers, (iv) each holder of any Other UK Liabilities, and (v) the successors and permitted assigns of each of the foregoing, and (b) collectively, all of the foregoing, in each case, to the extent relating to the services provided to, and obligations owing by or guaranteed by, the UK Loan Parties.

UK Credit Party. UK Borrower and each UK Guarantor.