Bridge Debt definition
Examples of Bridge Debt in a sentence
This Assignment is made as additional security for the payment of a certain bridge loan from Assignee to Assignor in the original aggregate principal sum of Four Hundred Thousand US Dollars ($400,000), made pursuant to that certain Bridge Debt Agreement (“Loan”) dated as of the date hereof (as amended, substituted, restated or modified from time to time, the “Loan Agreement”), among Assignor, as borrower, and Assignee (“Lender”).
As set out in Section 8.1.1 above, the Bridge Debt is repayable in cash or Shares in the order specified in Section 8.1.1 (a) to (f).
The terms and conditions of the Subordinated Bridge Debt and the provisions of the Subordinated Debt Documents relating to the Subordinated Bridge Debt shall be satisfactory to the Lenders.
The Administrative Agent shall have received copies of the Subordinated Debt Documents relating to the Subordinated Bridge Debt, certified by a Financial Officer as complete and correct.
After giving effect to the Transactions, neither the Parent Borrower nor any of the Subsidiaries shall have outstanding any shares of preferred stock (or other Preferred Equity Interests) or any Indebtedness, other than (i) Indebtedness incurred under the Loan Documents, (ii) the Subordinated Bridge Debt, (iii) the Preferred Stock and (iv) other Indebtedness expressly permitted by clauses (iii) and (iv) of Section 6.01(a).