Bank Financing definition
Examples of Bank Financing in a sentence
Within Thirty (30) days of receipt of such notice, Summit may provide written notice to Client that Summit will match the material financial terms of the Qualified Bank Financing whereupon Summit and Client shall amend this Agreement to match the material financial terms of the Qualified Bank Financing and this Agreement shall remain in force.
Client must provide at least Sixty (60) days written notice to Summit of intent to replace this financing with Qualified Bank Financing, which notice shall itemize the material financial terms of the Qualified Bank Financing.
The proceeds of the Senior Subordinated Financing shall be used, together with the proceeds of the Bank Financing and the Equity Financing, solely to finance the Recapitalization, to consummate the Refinancing and to pay fees and expenses incurred in connection with the Recapitalization.
Issuer acknowledges that the Financing is being provided by Investor on the understanding that the Bank Financing will have the terms and conditions typical of a senior credit facility, and other than specifically provided for in the Transaction Documents, Investor will not have the obligation to grant any consent or waiver under the Financing in order to accommodate the demands of the lender(s) thereunder.
In addition, the Borrower is not a guarantor in favor of any third party, with the exception of the encumbrance of the shares of the Purchaser pursuant to the Bank Financing Agreement.