Primus Affiliate definition
Primus Affiliate means any Affiliate of the Guarantor from time to time to whom the Borrower's rights and obligations under the Supply Contract or a Purchase Order have been novated, assigned or otherwise transferred;
Examples of Primus Affiliate in a sentence
In this connection, if a Primus Affiliate is obliged to make a payment under a Purchase Order then the Lender hereby consents to the Borrower making the proceeds of an Advance relating to such Purchase Order available to such Primus Affiliate so that such Primus Affiliate can comply with such payment obligation.
Under the terms of the Facility Agreement, the Lender has agreed to provide a loan facility to the Company for the purpose of satisfying certain of the payment obligations of the Company (or, as appropriate, any Primus Affiliate) under Purchase Orders to be issued in accordance the terms of the Supply Contract.