Fleet Credit Agreement definition
Examples of Fleet Credit Agreement in a sentence
Company shall have received the written agreement of holders under Company's Senior Subordinated Convertible Notes due January 31, 2009 and Company's senior lender under the Fleet Credit Agreement that upon payment in full of such obligations, they will release and terminate all UCC liens filed against Company and/or any Company Subsidiaries and in addition will release any collateral currently in such party's possession that had been pledged to such party by Company or any of Company's Subsidiaries.
The Company shall deliver to you a copy of a fully executed counterpart of the Fleet Credit Agreement, certified as true and correct by an officer of ▇▇▇▇▇▇.
No Person holds any power of attorney or similar authority from the Company or any of its Subsidiaries with respect to such accounts other than pursuant to the Fleet Credit Agreement.
All such stock has been validly issued, is fully paid and non-assessable, and is owned by the Company and/or its Subsidiaries free and clear of all Liens, except for liens created pursuant to the Fleet Credit Agreement.
Pursuant to the Fleet Credit Agreement, the Company and the Subsidiary Guarantors shall have received proceeds in an amount which is sufficient, together with the proceeds of the Notes, to repay the Vendor Receivables and make the other payments to be made at the Closing, from borrowings under the Fleet Credit Agreement.