Loan Parties definition: Copy, customize, and use instantly
Introduction
The term "Loan Parties" refers to the individuals or entities involved in a loan agreement, typically including borrowers, guarantors, and other obligated parties. It is essential to define the responsibilities, liabilities, and rights of all parties participating in the loan transaction.
Below are various examples of how "Loan Parties" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Loan Parties" as primary borrowers and guarantors
This definition ties "Loan Parties" to the core participants in the loan agreement.
"Loan Parties" means the borrower, any co-borrowers, and guarantors who assume responsibility for repaying the loan and fulfilling the obligations outlined in the loan documents.
Definition of "Loan Parties" as corporate debtors
This definition connects "Loan Parties" to business entities.
"Loan Parties" refers to any company, corporation, or limited liability entity that has executed loan documents and agreed to the repayment obligations therein.
Definition of "Loan Parties" as all obligated affiliates
This definition links "Loan Parties" to related corporate entities.
"Loan Parties" means the borrower and any of its subsidiaries or affiliates that are required to guarantee or secure the loan under the financing agreement.
Definition of "Loan Parties" as secured and unsecured borrowers
This definition applies "Loan Parties" to both secured and unsecured lending scenarios.
"Loan Parties" refers to any person or entity obligated under the loan agreement, including those providing collateral or guaranteeing repayment.
Definition of "Loan Parties" as joint obligors
This definition ties "Loan Parties" to jointly liable entities.
"Loan Parties" means any persons or entities jointly and severally liable for the loan repayment, including co-signers and secondary guarantors.
Definition of "Loan Parties" as signatories to financing agreements
This definition connects "Loan Parties" to all agreement participants.
"Loan Parties" refers to any party that has signed a financing agreement, acknowledging their obligations under the loan.
Definition of "Loan Parties" as parties under cross-default provisions
This definition links "Loan Parties" to default risk.
"Loan Parties" means the borrower and any affiliates whose financial condition affects the loan's repayment, particularly under cross-default clauses.
Definition of "Loan Parties" as entities under lien agreements
This definition applies "Loan Parties" to collateral-backed loans.
"Loan Parties" refers to all borrowers and guarantors who have pledged collateral or security interests under the loan agreement.
Definition of "Loan Parties" as debtors in asset-based lending
This definition ties "Loan Parties" to asset-based financing.
"Loan Parties" means all borrowers and entities whose assets are used to secure the loan, including those involved in asset-based financing arrangements.
Definition of "Loan Parties" as parent companies and subsidiaries
This definition connects "Loan Parties" to corporate loan structures.
"Loan Parties" refers to the parent borrower and any subsidiary entities that have provided guarantees, collateral, or other forms of credit support.
Definition of "Loan Parties" as private and public entities
This definition links "Loan Parties" to different organizational structures.
"Loan Parties" means any private or publicly traded company that has entered into a loan agreement, including partnerships and joint ventures.
Definition of "Loan Parties" as government-backed borrowers
This definition applies "Loan Parties" to public sector loans.
"Loan Parties" refers to public sector agencies, government-backed organizations, or municipal entities obligated under a loan contract.
Definition of "Loan Parties" as third-party obligors
This definition ties "Loan Parties" to external financial support.
"Loan Parties" means any third party that has agreed to assume partial or full responsibility for the borrower’s obligations under the loan.
Definition of "Loan Parties" as revolving credit participants
This definition connects "Loan Parties" to revolving credit.
"Loan Parties" refers to all borrowers and obligors participating in a revolving credit facility, whether as primary debtors or guarantors.
Definition of "Loan Parties" as distressed debtors
This definition links "Loan Parties" to debt restructuring.
"Loan Parties" means borrowers and co-borrowers engaged in loan restructuring or workout arrangements due to financial distress.
Definition of "Loan Parties" as parties in syndicated loans
This definition applies "Loan Parties" to multi-lender agreements.
"Loan Parties" refers to all borrowers and obligors under a syndicated loan arrangement, including those with shared repayment responsibilities.
Definition of "Loan Parties" as cross-guaranteed entities
This definition ties "Loan Parties" to mutual guarantees.
"Loan Parties" means all entities that provide cross-guarantees within a corporate group or financing arrangement to support loan obligations.
Definition of "Loan Parties" as equity-backed borrowers
This definition connects "Loan Parties" to private equity lending.
"Loan Parties" refers to borrowers whose obligations are supported by private equity firms, investment funds, or other capital providers.
Definition of "Loan Parties" as trade finance participants
This definition links "Loan Parties" to trade financing.
"Loan Parties" means exporters, importers, and any other entities obligated under trade finance agreements.
Definition of "Loan Parties" as leveraged buyout participants
This definition applies "Loan Parties" to LBO structures.
"Loan Parties" refers to the acquiring entity and any affiliates assuming loan obligations in a leveraged buyout transaction.
Definition of "Loan Parties" as non-recourse borrowers
This definition ties "Loan Parties" to non-recourse loans.
"Loan Parties" means borrowers who are only liable for repayment to the extent of pledged collateral, with no further personal liability.
Definition of "Loan Parties" as factoring agreement participants
This definition connects "Loan Parties" to accounts receivable financing.
"Loan Parties" refers to sellers of accounts receivable and any guarantors responsible for performance under factoring agreements.
Definition of "Loan Parties" as tax credit-backed borrowers
This definition links "Loan Parties" to tax credit financing.
"Loan Parties" means borrowers utilizing tax credits as collateral or repayment sources under structured loan agreements.
Definition of "Loan Parties" as real estate finance borrowers
This definition applies "Loan Parties" to property-based lending.
"Loan Parties" refers to real estate developers, property owners, and any other obligated parties under mortgage or construction loans.
Definition of "Loan Parties" as microfinance borrowers
This definition ties "Loan Parties" to small business loans.
"Loan Parties" means individuals or small business owners engaged in microfinance or community lending programs.
Definition of "Loan Parties" as insurance-backed debtors
This definition connects "Loan Parties" to insured loans.
"Loan Parties" refers to borrowers whose loan obligations are partially or fully backed by insurance policies or guarantees.
Definition of "Loan Parties" as bridge loan borrowers
This definition ties "Loan Parties" to short-term financing.
"Loan Parties" means borrowers and any related guarantors who have entered into a bridge loan agreement for temporary financing.
Definition of "Loan Parties" as municipal bond obligors
This definition connects "Loan Parties" to public debt issuance.
"Loan Parties" refers to municipalities, government agencies, or other public entities that are responsible for repayment under a bond or loan issuance.
Definition of "Loan Parties" as franchise financing participants
This definition links "Loan Parties" to franchising loans.
"Loan Parties" means franchisees and franchisors who have entered into financing arrangements for business expansion or operations.
Definition of "Loan Parties" as environmental impact borrowers
This definition applies "Loan Parties" to green financing.
"Loan Parties" refers to companies or organizations that have secured loans for environmental projects, sustainability initiatives, or renewable energy investments.
Definition of "Loan Parties" as infrastructure project borrowers
This definition ties "Loan Parties" to large-scale public-private projects.
"Loan Parties" means corporations, government entities, or consortiums that have secured loans for infrastructure projects such as roads, bridges, and utilities.
Definition of "Loan Parties" as agricultural finance recipients
This definition connects "Loan Parties" to agribusiness lending.
"Loan Parties" refers to farmers, agribusiness entities, and cooperatives that have borrowed funds for agricultural development or operational needs.
Definition of "Loan Parties" as development finance borrowers
This definition links "Loan Parties" to economic development funding.
"Loan Parties" means entities that have borrowed funds under development finance programs aimed at supporting economic growth, housing, or small business expansion.
Definition of "Loan Parties" as mezzanine financing obligors
This definition applies "Loan Parties" to hybrid debt arrangements.
"Loan Parties" refers to borrowers engaged in mezzanine financing, where loan repayment is subordinated to senior debt but holds equity conversion rights.
Definition of "Loan Parties" as healthcare loan participants
This definition ties "Loan Parties" to medical and healthcare financing.
"Loan Parties" means hospitals, clinics, medical groups, or healthcare providers that have entered into loan agreements for facility expansion, equipment purchase, or operational funding.
Definition of "Loan Parties" as startup venture borrowers
This definition connects "Loan Parties" to startup financing.
"Loan Parties" refers to startups and early-stage companies that have secured loans or convertible debt for initial funding, working capital, or growth purposes.
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.