Examples of Proceeds Loan in a sentence
The senior secured notes and the revolving credit facility are secured by first ranking security interests over all the issued share capital of certain Group companies (together the “Guarantors”), certain receivables and intercompany receivables of the Company and the Guarantors, including assignment of the PIK Proceeds Loan and certain bank accounts of the Company.
Further, upon the occurrence of certain events described in the Intercreditor Agreement, the guarantees under the 2015 Notes, the 2015 High Yield Proceeds Loan and certain intercompany debt become subordinated in right of payment to other outstanding debt of LBIAF and its subsidiaries.
Any demolition, site clearing or Utility Connections financed by a Bond Proceeds Loan to an Administrator must be completed prior to conveyance of the Qualified Dwelling Unit to an Owner-Occupant.
Loan Proceeds: Loan proceeds will be disbursed to third party entities or distributed in such fashion as the Town Manager determines is in the best interest of the Fund.
The Pre-Merger Collateral in respect of the Proceeds Loan will cease to be effective as a consequence of the Merger.