A term used in bank loan facilities to refer collectively to the borrower and all other parties that guarantee the borrower's loan agreement obligations or provide some other form of credit support, such as granting a lien on their assets to secure the borrower's loan. Loan parties can also include parties that, although not co-borrowers, guarantors, or other sureties under the loan documents, are bound by certain covenants in the loan agreement or other loan documents. The term is not a term of art and must be defined in each agreement where it is used, though definitions do not vary widely from the above description.