U.S. Secured Parties definition

U.S. Secured Parties the “Secured Parties” as defined in the U.S. Guarantee and Collateral Agreement.

U.S. Secured Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Lenders, the US Hedge Banks, the US Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.5, any other holder from time to time of any US Secured Obligations and, in each case, their respective successors and permitted assigns.

U.S. Secured Parties means, collectively, the Agent, the U.S. Lenders, the U.S. Bank, any U.S. Letter of Credit Issuer, the Indemnified Persons and each of the Agent, any U.S. Lender or any Affiliate of the Agent or such U.S. Lender to which is owed any Designated Bank Products Obligations, in each case in its capacity as an obligee of U.S. Obligations.

Examples of U.S. Secured Parties in a sentence

• The Administrative Agent shall have received all filings and recordations that are necessary to perfect the security interests of the Administrative Agent, on behalf of the US Secured Parties and the Canadian Secured Parties in the Collateral and the Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that upon such filings and recordations such security interests constitute valid and perfected first priority Liens thereon (subject to Permitted Liens).

• Each U.S. Borrower agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to Agent and U.S. Secured Parties the prompt payment and performance of, all U.S. Obligations, except its Excluded Swap Obligations.

• The allocations set forth in this Section are solely to determine the rights and priorities among US Secured Parties, and may be changed by agreement of the affected US Secured Parties, without the consent of any US Obligor.

• US Secured Parties or UK Secured Parties, as the context requires.

• No U.S. Secured Party has any fiduciary relationship or duty to any U.S. Loan Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the U.S. Secured Parties and the U.S. Loan Parties by virtue of, any U.S. Loan Document or any transaction contemplated therein.

More Definitions of U.S. Secured Parties

U.S. Secured Parties the collective reference to the Lenders under the U.S. Facilities, the Agents, the Qualified Counterparties under Specified Agreements entered into by the U.S. Borrower, the U.S. Co-Borrower or any Subsidiary Guarantor and the U.S. Issuing Lenders.

U.S. Secured Parties shall have the meaning assigned to such term in the U.S. Security Agreement.

U.S. Secured Parties means the Lender Parties and Swap Counterparties who are owed any Obligations.

U.S. Secured Parties means, collectively, the Administrative Agent, the Collateral Agent, each other Agent, the U.S. Lenders and each party to a Permitted U.S. Hedging Agreement if such person executes and delivers to the Administrative Agent a letter agreement in form and substance reasonably acceptable to the Administrative Agent pursuant to which such person (i) appoints the Collateral Agent as its agent under the applicable Loan Documents and (ii) agrees to be bound by the provisions of Sections 11.03 and 11.09.

U.S. Secured Parties means the Term Loan Secured Parties and the U.S. Revolver Secured Parties, or any or all of them, as the case may be.

U.S. Secured Parties the collective reference to the Administrative Agent, the U.S. Revolving Lenders (including the U.S. Issuing Bank in its capacity as such) and any Bank Product Providers to which U.S. Bank Product Obligations are owed.

U.S. Secured Parties means the US Agent, each US Lender, each US L/C Issuer and each other holder of a US Obligation.