Holding Vehicle definition
Examples of Holding Vehicle in a sentence
The holder of record of each Fund Asset (other than any Fund Asset received as a Distribution in Kind that is credited to a Collateral Account) is the Borrower or a Holding Vehicle.
Each Holding Vehicle and the Additional Pledgor is either a Delaware limited liability company or a Delaware limited partnership.
Each Holding Vehicle and the Additional Pledgor will preserve, renew and keep in full force and effect its existence and good standing as a Delaware limited liability company or Delaware limited partnership, as applicable, and its rights, privileges and franchises necessary in the normal conduct of its business.
Each Holding Vehicle and the Additional Pledgor is duly organized, validly existing and in good standing under the laws of the laws of the State of Delaware and has all powers and all authorizations and approvals required to carry on its business as now conducted.
Subject to the terms and conditions of this Agreement, for any Loan, the Loan Principal Amount shall be delivered on the relevant Disbursement Date by the Agent in immediately available funds, to the account of the Borrower or a Holding Vehicle as specified in the Loan Notice; provided that, for the avoidance of doubt, the Agent shall not be required to deliver any portion of the Loan Principal Amount that has not been timely received from the Lenders.