Voluntary Exit Party definition

Voluntary Exit Party has the meaning set forth in Article 32.1.1;
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Voluntary Exit Party has the meaning set forth in clause 20.1.
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Voluntary Exit Party has the meaning set forth in Article 32.1.1; Voting Member means the Party that in accordance with Article 8.1.4 is entitled to vote on the concerned decision;
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Examples of Voluntary Exit Party in a sentence

  • The cost of an exit as determined in the Exit Plan according to Article 32.4 of the Agreement shall be allocated and settled as proposed by the NEMO ID SC and as consented by the Voluntary Exit Party or Forced Exit Party.

  • As soon as the NEMO ID SC and the Voluntary Exit Party or Forced Exit Party have agreed upon the costs of an exit and the modalities how these will be settled, all Parties shall follow such instructions and issue respective invoices according to Section II.7.

  • Prior to the Actual Leaving Date (in the case of each Voluntary Exit Party), and prior to or (at the latest) on the Expulsion Date (in the case of each Expelled Party), the Remaining Parties and the relevant Exiting Party shall determine a detailed plan of prerequisites and actions or omissions that must be effected by the Remaining Parties and such Exiting Party.

  • For other matters, the Voluntary Exit Party or Forced Exit Party (as the case may be) shall not be entitled to vote unless the All NEMO Committee decides otherwise or unless the vote has direct consequences for the relevant Voluntary Exit Party or Forced Exit Party (as the case may be).


More Definitions of Voluntary Exit Party

Voluntary Exit Party have the meanings given in clause 9 (Voluntary Exit), and the terms “Expelled Party” and “Expulsion Date” have the meanings given in clause 10 (Expulsion). Clause, schedule and paragraph headings shall not affect the interpretation of this Agreement. The schedules form part of this Agreement and shall have effect as if set out in full in the body of this Agreement. Any reference to this Agreement includes the schedules. Unless the context otherwise, requires, words in the singular shall include the plural and in the plural shall include the singular. A reference to a person shall include any company, corporation or other body corporate, wherever and however incorporated or established. A reference to a statue or statutory provision shall include all subordinate legislation made from time to time under that statute or statutory provision, and such statute, statutory provision and subordinate legislation as amended, updated or re-enacted from time to time during the Term. References to clauses and Schedules are to the clauses and Schedules of this agreement and references to paragraphs are to paragraphs of the relevant Schedule.
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Related to Voluntary Exit Party

  • Terminated Lender as defined in Section 2.19.

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

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • German Borrower means (a) any Borrower that is a resident for tax purposes in Germany and (b) any Borrower in respect of which written notice is given to the Administrative Agent (by the Company) prior to that Borrower becoming a Borrower hereunder that such Borrower is resident in Germany for German tax purposes.

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

  • Qualifying Lender has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States and that is not a CFC.

  • Loan Party means the Borrower and each Guarantor.

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the L/C Issuer or the Administrative Agent has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that Controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Qualifying Bank means any legal entity which is recognized as a bank by the banking laws in force in its country of organization and which has as its principal purpose the active conduct of banking business and conducts such banking business through its own personnel (which have decision making authority) and on its own premises.

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

  • Qualified ECP Loan Party means each Loan Party that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000, or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA.

  • 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.

  • Potential Defaulting Lender means, at any time, (i) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, or (ii) any Lender that has notified, or whose Lender Parent or a Subsidiary thereof has notified, the Administrative Agent, the Borrower or any LC Issuing Bank in writing, or has stated publicly, that it does not intend to comply with its funding obligations generally under other loan agreements, credit agreements and other similar agreements, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement). Any determination by the Administrative Agent that a Lender is a Potential Defaulting Lender under any of clauses (i) and (ii) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.19(f) hereof) upon notification of such determination by the Administrative Agent to the Borrower, the LC Issuing Banks and the Lenders.

  • Eligible Borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Non-U.S. Lender Party means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is not a United States person as defined in Section 7701(a)(30) of the Code.

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

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

  • Parent Borrower as defined in the preamble hereto.