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”).
Bridge Debt Commitments -- At September 30, 2005, the High Yield Bond Portfolio had $65,541 in commitments outstanding to fund high yield bridge debt.
The proceeds of the Subordinated Refinancing Debt will be used only for the repayment of the Subordinated Bridge Debt and all other amounts due under the Subordinated Note Purchase Agreement and the other Subordinated Debt Documents relating to the Subordinated Bridge Debt.
The proceeds of the Term Loans, together with the proceeds of the Equity Financing and the Subordinated Bridge Debt, will be used only for the payment of (a) amounts payable under the Recapitalization Agreement as consideration for the Recapitalization and (b) fees and expenses payable in connection with the Transactions.
It is a condition to the obligation of Subscribers to purchase Notes and Warrants that all of the Outstanding Bridge Debt and Bridge Notes are exchanged for Securities either hereunder or at an earlier Initial Closing.