Examples of Fingerhut SPV in a sentence
Accordingly, in order to induce the SPV Collateral Agent to permit the pledge of the Fingerhut SPV Stock, the parties hereto agree to the following limitations relating only to the pledge of the Fingerhut SPV Stock and not to any other Pledged Collateral.
The Company shall require all payments from Fingerhut SPV and all payments to otherwise pay for Purchased Assets to be directly deposited into Account 758660021 or such other accounts as reasonably acceptable to the Subordinated Collateral Agent.
Notwithstanding anything herein to the contrary, the lien and security interest in the Fingerhut SPV Stock granted to the Subordinated Collateral Agent, for the benefit of the Holders, pursuant to this Security Agreement and the exercise of any right or remedy in respect of the Fingerhut SPV Stock by the Subordinated Collateral Agent and the Holders hereunder are subject to the provisions of the Intercreditor Agreement.
The provisions of this Article XI shall continue to be effective or be reinstated, as the case may be, if at any time any payment made pursuant to the Receivables Purchase Agreement is rescinded or must otherwise be returned by the SPV Collateral Agent or any of the Lenders upon the insolvency, bankruptcy or reorganization of the Grantor or the Fingerhut SPV or otherwise, all as though such payment had not been made.
Fingerhut hereby directs Fingerhut SPV to pay the portion of the cash consideration that is paid by Fingerhut SPV to Fingerhut pursuant to the Receivables Contribution and Purchase Agreement to the Collection Account established by Fingerhut.
Each of the parties hereto (other than the SPV Collateral Agent) agrees that it will not institute against Fingerhut SPV or join any person in instituting against Fingerhut SPV, any case or other proceeding under any applicable bankruptcy, insolvency, reorganization, debt arrangement, dissolution or other similar law now or hereafter in effect so long as one year and one day shall not have elapsed since the Obligations under the SPV Revolving Credit Agreement (as defined therein) have been paid in full.
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Notwithstanding anything herein to the contrary, the lien and security interest in the Fingerhut SPV Stock granted to the Administrative Agent, for the benefit of the Lenders, pursuant to this Security Agreement and the exercise of any right or remedy in respect of the Fingerhut SPV Stock by the Administrative Agent and the Lenders hereunder are subject to the provisions of the Intercreditor Agreement.
Promptly following the date on which all Obligations under and as defined in the SPV Revolving Credit Agreement are paid in full, SPV Collateral Agent shall, subject to the provisions of the JPM Intercreditor Agreement and the Subordination and Intercreditor Agreement, deliver the Fingerhut SPV Stock, if any, in its possession to the Notes Collateral Agent (except as may otherwise be required by applicable law or court order).
Securities Security Agreement, the Borrower has granted a perfected security interest (subject only to (x) the first priority security interest of the SPV Collateral Agent in the Fingerhut SPV Stock and (y) certain Liens securing the Senior Debt (as defined in the Subordination and Intercreditor Agreement) as set forth in the Subordination and Intercreditor Agreement) in the Note Collateral to the Notes Collateral Agent, for the benefit of itself and the Purchasers (the “Note Facility Secured Parties”).