Credit Party definition: Copy, customize, and use instantly
Introduction
The term "Credit Party" refers to a party to a financing arrangement or agreement that has the obligation to provide credit or funding. This could include lenders, financial institutions, or any other entities that are responsible for extending credit under the terms of the agreement. Credit parties are key in determining the flow of funds and ensuring that obligations for repayment and financing terms are met.
Below are various examples of how "Credit Party" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Credit Party" as a Lender in a Financing Agreement
This definition ties "Credit Party" to the lender’s role in financing.
"Credit Party" refers to any party that has extended credit or provided a loan under the terms of this agreement, including banks, financial institutions, and other lenders who are obligated to make disbursements of credit.
Definition of "Credit Party" as a Party Providing Financial Support
This definition connects "Credit Party" to the provision of financial support.
"Credit Party" means any entity that agrees to extend credit or provide financial support to the borrower under the agreement, including lending institutions, investors, and other financing bodies.
Definition of "Credit Party" as a Participating Lender
This definition links "Credit Party" to a participating lender in a loan arrangement.
"Credit Party" refers to any lender or financial institution that participates in the loan agreement and has committed to providing a portion of the total credit or financing to the borrower.
Definition of "Credit Party" as an Entity Providing Credit or Financing
This definition ties "Credit Party" to entities offering credit.
"Credit Party" means any person, financial institution, or organization that provides credit or financing under the terms outlined in this agreement, including both direct and indirect sources of funds.
Definition of "Credit Party" as a Counterparty in a Loan Agreement
This definition connects "Credit Party" to the counterparty in a loan agreement.
"Credit Party" refers to any party that is a counterparty to the borrower in a loan agreement and has committed to providing credit or funding to the borrower as part of the financing arrangement.
Definition of "Credit Party" as a Member of a Credit Syndicate
This definition links "Credit Party" to a member of a credit syndicate.
"Credit Party" means any member of a syndicated credit facility, including all banks and financial institutions participating in the credit arrangement, each of which has agreed to provide a portion of the total loan amount.
Definition of "Credit Party" as a Lender with a Defined Credit Limit
This definition connects "Credit Party" to a specific lending capacity.
"Credit Party" refers to any lender or financial institution that has been granted a specific credit limit under the terms of the agreement and is authorized to provide funding up to that specified amount.
Definition of "Credit Party" as an Investor or Lender in a Credit Agreement
This definition ties "Credit Party" to the roles of investor or lender.
"Credit Party" refers to any investor, lender, or other party that has extended credit or financing to the borrower as part of a credit agreement, and has the right to enforce the repayment terms outlined in the agreement.
Definition of "Credit Party" as a Responsible Entity in Credit Arrangements
This definition links "Credit Party" to the responsible entity in credit arrangements.
"Credit Party" means any party responsible for providing credit under this agreement, including both individual lenders and institutional entities, each of whom is obligated to disburse credit as agreed.
Definition of "Credit Party" as a Guarantor of Credit or Loan
This definition connects "Credit Party" to a guarantor.
"Credit Party" refers to any individual or entity that has agreed to provide a guarantee for a loan or credit arrangement, ensuring the credit availability and repayment terms are met in accordance with the agreement.
Definition of "Credit Party" as a Party to a Revolving Credit Agreement
This definition ties "Credit Party" to a revolving credit agreement.
"Credit Party" refers to any party participating in a revolving credit facility, with the obligation to extend credit as part of the terms of the revolving loan or credit agreement.
Definition of "Credit Party" as a Party Extending Credit on Behalf of Others
This definition connects "Credit Party" to extended credit on behalf of others.
"Credit Party" means any financial institution, lender, or other entity that is providing credit on behalf of the borrower or another party, under the terms of this credit agreement.
Definition of "Credit Party" as a Joint Lender or Contributor to Credit
This definition links "Credit Party" to a joint lender.
"Credit Party" refers to any party, including individual lenders or joint contributors, that extends credit or funding as part of the credit agreement, either as part of a single entity or in collaboration with others.
Definition of "Credit Party" as a Creditor with Specific Terms of Credit
This definition ties "Credit Party" to creditors with specific terms.
"Credit Party" means any party that has extended credit to the borrower under the conditions defined in the agreement, including terms regarding repayment schedules, interest rates, and credit limits.
Definition of "Credit Party" as a Party Offering Credit for Asset Acquisition
This definition connects "Credit Party" to asset acquisition.
"Credit Party" refers to any party that provides credit or funding specifically for the acquisition of assets, including financial institutions and investors, who agree to fund the purchase under a financing agreement.
Definition of "Credit Party" as a Secured Lender in a Credit Agreement
This definition links "Credit Party" to secured lending.
"Credit Party" refers to any party to a secured loan agreement, where the lender holds a security interest in the borrower's assets to guarantee repayment under the terms of the credit arrangement.
Definition of "Credit Party" as a Provider of Credit under a Loan Facility
This definition ties "Credit Party" to a loan facility.
"Credit Party" means any entity, including banks and financial institutions, that extends credit as part of a loan facility, which may be subject to specific terms and conditions regarding disbursement and repayment.
Definition of "Credit Party" as an Affiliate or Related Party Providing Credit
This definition connects "Credit Party" to an affiliate or related entity.
"Credit Party" refers to any affiliated or related party that provides credit or financing under the terms of this agreement, including both direct and indirect sources of funds.
Definition of "Credit Party" as a Party to a Debt Financing Arrangement
This definition links "Credit Party" to a debt financing arrangement.
"Credit Party" refers to any party involved in providing debt financing under a formal agreement, including banks, investment groups, or any entities providing credit facilities for the borrower.
Definition of "Credit Party" as a Financial Institution Providing Credit
This definition ties "Credit Party" to the role of financial institutions.
"Credit Party" means any financial institution, such as a bank, that extends credit to a borrower in accordance with the terms of the agreement.
Definition of "Credit Party" as a Lender in a Debt Agreement
This definition connects "Credit Party" to a lender in a debt agreement.
"Credit Party" refers to any party, including banks or private lenders, that provides a loan or credit to a borrower under a legally binding debt agreement.
Definition of "Credit Party" as a Party Providing Short-Term Financing
This definition links "Credit Party" to short-term credit arrangements.
"Credit Party" means any party that provides short-term credit, financing, or loans to the borrower as outlined in this agreement.
Definition of "Credit Party" as a Guarantor in a Credit Facility
This definition connects "Credit Party" to the role of a guarantor in credit facilities.
"Credit Party" refers to any party, including a third-party guarantor, that is legally bound to ensure the borrower fulfills their credit obligations under the facility.
Definition of "Credit Party" as a Credit Provider in a Syndicated Loan
This definition ties "Credit Party" to syndicated loan arrangements.
"Credit Party" means any party that provides credit in a syndicated loan agreement, including various lenders who pool together to extend credit to a borrower.
Definition of "Credit Party" as an Investor Providing Credit
This definition links "Credit Party" to credit extended by investors.
"Credit Party" refers to any investor who has extended credit to the borrower, with the expectation of repayment under the terms of the agreement.
Definition of "Credit Party" as a Debtor’s Lender
This definition ties "Credit Party" to the lender of a debtor.
"Credit Party" means any lender who has provided credit to the debtor, and who is entitled to receive payments as per the credit agreement.
Definition of "Credit Party" as a Non-Bank Lender in Financing
This definition connects "Credit Party" to non-bank lenders in a financing arrangement.
"Credit Party" refers to any non-bank lender, such as a private equity firm or hedge fund, that provides credit or funding to the borrower.
Definition of "Credit Party" as a Party Providing Debt Financing
This definition links "Credit Party" to debt financing.
"Credit Party" means any individual, institution, or corporation that provides debt financing to the borrower, with agreed-upon repayment terms.
Definition of "Credit Party" as a Lender with Special Rights in a Financing Agreement
This definition connects "Credit Party" to a lender with special rights.
"Credit Party" refers to any lender that has been granted special rights or privileges in the financing agreement, including rights to take action in the event of a default.
Definition of "Credit Party" as a Party to an Asset-Based Credit Agreement
This definition ties "Credit Party" to asset-based lending.
"Credit Party" means any lender or party involved in providing an asset-based loan, where the credit is secured by the borrower’s assets.
Definition of "Credit Party" as a Provider of Structured Credit
This definition connects "Credit Party" to structured credit.
"Credit Party" refers to any party that provides structured credit, such as collateralized debt obligations (CDOs) or asset-backed securities, to the borrower.
Definition of "Credit Party" as a Party with Recourse to Borrower’s Assets
This definition links "Credit Party" to recourse provisions in the agreement.
"Credit Party" means any lender or creditor with recourse to the borrower’s assets if the borrower defaults on their obligations.
Definition of "Credit Party" as a Borrowing Party in a Credit Arrangement
This definition ties "Credit Party" to the borrowing party in the arrangement.
"Credit Party" refers to the party responsible for repaying credit extended by the lender, often the borrower in a credit agreement.
Definition of "Credit Party" as a Secured Credit Provider
This definition connects "Credit Party" to secured credit.
"Credit Party" refers to any entity that provides credit or financing that is secured by the borrower’s assets, ensuring the lender’s claim is protected in case of default.
Definition of "Credit Party" as a Party to a Credit Facility Agreement
This definition links "Credit Party" to a credit facility.
"Credit Party" means any party to a credit facility agreement that provides a loan or other form of credit, including any lenders, financial institutions, or investors involved.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.