Common use of Receivables Facility Clause in Contracts

Receivables Facility. The Administrative Agent and the Lenders shall have received evidence reasonably satisfactory to them that substantially simultaneously with the deemed making of the Loans hereunder on the Closing Date, Receivables Facility shall have been entered into, and the financing transactions thereunder shall have been consummated, all in accordance with the Approved Plan.

Appears in 3 contracts

Samples: Senior Secured Term Loan Credit Agreement (Skillsoft Corp.), Senior Secured Second Out Term Loan Credit Agreement (Skillsoft Corp.), Senior Secured Term Loan Credit Agreement (Skillsoft Corp.)

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Receivables Facility. The Administrative Agent and the Lenders shall have received evidence reasonably satisfactory to them that substantially simultaneously with the deemed making of the Loans hereunder on the Closing Date, Receivables Facility shall have been entered into, and the financing transactions thereunder shall have been consummated, all in accordance with the Approved Plan. (p) (q) [Reserved].

Appears in 1 contract

Samples: Senior Secured Second Out Term Loan Credit Agreement (Skillsoft Corp.)

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