Common use of Vendor Financing Clause in Contracts

Vendor Financing. it will not and will procure that no other Group Company will enter into any vendor financing programme or similar arrangement for financing the acquisition of Equipment, any other fixed asset or Inventory (which has not already been disclosed in its budget for Capital Expenditure and approved by the Agent), without the prior written consent of the Agent and without the Agent being provided with such information as it may require as to the terms and conditions of such vendor financing programme or other arrangement and assessing the impact, if any, upon the Collateral and/or the encumbrances created by the Debenture.

Vendor Financing. it will not and will procure that no other Group Company will enter into any vendor financing programme or similar arrangement for financing the acquisition of Equipment, any other fixed asset or Inventory (which has not already been disclosed in its budget for Capital Expenditure and approved by the Agent), without the prior written consent of the Agent and without the Agent being provided with such information as it may require as to the terms and conditions of such vendor financing programme or other arrangement and assessing the impact, if any, upon the Collateral and/or the encumbrances created by the Debenture.;