Funding SPV definition

Funding SPV means Radiant Funding SPV, LLC, a Delaware limited liability company.

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Funding SPV means Radiant Funding SPV, LLC, a Delaware limited liability company. “GAAP” means generally accepted accounting principles in the United States as in effect from time to time. In the event that any “Accounting Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or terms in this Agreement, then the Borrower and the Administrative Agent agree to enter into negotiations to promptly amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria for evaluating the Borrower’s results of operations and/or financial condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board or, if applicable, the SEC. “Governmental Authority” means the government of the United States, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, any securities exchange and any self-regulatory organization (including the National Association of Insurance Commissioners). “Group Members” means the collective reference to the Borrower and its Restricted Subsidiaries. “Guarantee and Collateral Agreement” means the Term Loan Guarantee and Collateral Agreement, dated as of the Closing Date, executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit D, as the same may be amended, restated, amended and restated, modified, supplemented and/or replaced (in form reasonably satisfactory to the Administrative Agent) from time to time. “Guarantee Obligation” means as to any Person (the “guaranteeing person”), any obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing Person that guar...

Funding SPV shall have the meaning set forth in the recitals.

Examples of Funding SPV in a sentence

• Funding SPV will have no other function and will engage in no other activities or hold any other assets, grant any Liens (except as provided below or in respect of the escrow accounts or amounts held in escrow during the Escrow Period, in each instance to secure only the repayment of the Merger Funding Notes and related redemption fees or penalties and any accrued interest) or incur any liabilities except liabilities under the Merger Funding Notes or the escrow terms.

• Radiant Funding SPV, LLC, a Delaware limited liability company (to be merged with and into Rent-A-Center, Inc., a Delaware corporation), and any successor thereto (the “Issuer”) promises to pay interest on the unpaid principal amount of this 6.375% Senior Note due 2029 (a “Note”) at a fixed rate of 6.375% per annum.

• For purposes of this Agreement, any Liens granted by Funding SPV during the Escrow Period in the above mentioned escrow accounts and amounts held in escrow to secure only the repayment of the Merger Funding Notes and related redemption fees or penalties and any accrued interest shall, during the Escrow Period, constitute a Permitted Lien (in addition to those Permitted Liens permitted under clauses (a) through (w) of the definition thereof).

• No. Radiant Funding SPV, LLC (to be merged with and into Rent-A-Center, Inc.), and any successor thereto, promises to pay to [Cede & Co.]2 or registered assigns, the principal sum of ________ [(as may be increased or decreased as set forth on the Schedule of Increases and Decreases attached hereto)]3 on February 15, 2029.

• Funding SPV will be formed for the sole purposes of issuing the Merger Funding Notes and to hold the proceeds from such issuances and the other aforesaid amounts in escrow, subject to terms and conditions to be agreed in connection with the Merger Funding Notes offerings.

• During the Escrow Period, no Obligor or any of its Subsidiaries will be permitted to transfer monies or other properties to Funding SPV or enter into any activities or transactions with Funding SPV, in each instance other than as expressly provided in this paragraph and other than provision of customary indemnity, expense reimbursement and similar obligations incidental to the issuance of the Merger Funding Notes.

• Following the Escrow Period, Funding SPV shall not be subject to any of the limitations described in this paragraph so long as the terms of this Agreement (other than this Section 14.22(a)) are complied with.

More Definitions of Funding SPV

Funding SPV has the meaning specified in Section 14.22(a).

Funding SPV means Wabco Funding SPRL, a Belgian company with its registered office at ▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇;