Financed Assets definition
Examples of Financed Assets in a sentence
Without limiting the generality of the foregoing, the Servicer is authorized and empowered by the Trustee to execute and deliver, on behalf of itself, the Trust, the Certificateholders, the Trustee, or any of them, any and all instruments of satisfaction or cancellation, or partial or full release or discharge, and all other comparable instruments, with respect to such Receivables or to the Financed Assets securing such Receivables.
The Issuer has incurred, or will incur within 6 months after the Closing Date, a substantial binding obligation to a third party to spend at least 5% of the Lease Proceeds on the Financed Assets.
The completion of the Financed Assets and the allocation of the Lease Proceeds to expenditures will proceed with due diligence.
On the date of receipt by the Borrower of any cash proceeds from a capital contribution to or the issuance or sale of Equity Interests of the Borrower (other than in each case (i) a Relevant Acquisition Equity Investment and (ii) capital contributions or issuances or sales of Equity Interests the proceeds of which are used by the Borrower to purchase Wireless Assets that are not Financed Assets), the Borrower shall prepay the Advances in an aggregate amount equal to [__________]* of such Net Cash Proceeds.
Within [__________]* after receipt by the Borrower, the Servicer and/or any Affiliate of the foregoing of Net Cash Proceeds of any Asset Disposition of Financed Assets, whether such Asset Disposition is in one or a series of related transactions, the Borrower shall prepay the Advances by an amount equal to [__________]* of such Net Cash Proceeds, and all such prepayments shall be applied to the Advances in accordance with Section 2.6(d).