Sponsor Financing definition

Sponsor Financing has the meaning set forth in Section 4.5.
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Sponsor Financing means the indebtedness incurred in connection with a capital contribution made by certain of the Issuer’s shareholders, the proceeds of which were used to fund in part the Issuer’s acquisition of the OCA Entities.
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Sponsor Financing means the agreement of the Sponsors to (directly or indirectly) invest or cause to be invested in the Purchaser, subject to the terms and conditions of the Sponsor Commitment Letter, the amounts set forth in the Sponsor Commitment Letter, which will be used by the Purchaser for purposes of partially financing the Transactions.
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Examples of Sponsor Financing in a sentence

  • Notwithstanding anything to the contrary set forth in this Agreement, in the case of an Event of Default resulting from the corresponding default or event of default (if applicable) under the Sponsor Financing Documents, no such Event of Default shall be deemed to exist if such corresponding default or event of default has been waived by the “Required Lenders” or “Lenders” (each as defined in the Sponsor Financing Documents) pursuant to the Sponsor Financing Documents.

  • To the extent that any covenant is added as a covenant in the Sponsor Credit Agreement or any other Sponsor Financing Document after the date hereof, then this Agreement shall be deemed amended and such covenant shall be deemed to be incorporated as a new covenant hereunder.

  • Any Event of Default resulting from the breach of any such new covenant by the Sponsor shall be subject to the same cure period as would be applicable under the relevant provision in the applicable Sponsor Financing Document.

  • As soon as available and in any event within 5 Business Days after execution thereof, the Sponsor shall (i) furnish a true and correct copy of any new Sponsor Financing Document, or any amendment to, supplement to, restatement of, or other modification of any Sponsor Financing Document and (ii) provide notice of any cancelled or terminated Sponsor Financing Documents.

  • HoldCo agrees to pay to the Borrower the proceeds of all Sponsor Financing Contributions received under this Agreement, such that the requirements set out in Clause 2.1 (Sponsor Financing Contributions) are satisfied, by depositing such proceeds into the Financing Contributions Account immediately prior to or concurrently with the funding of the Project Utilisations.

  • There are no conditions precedent or other contingencies related to the funding of the full amount of the Debt Financing or the Sponsor Financing, other than as set forth in or contemplated by the Commitment Letters.

  • The aggregate proceeds to be disbursed pursuant to the agreements contemplated by the Debt Financing Commitment and the Sponsor Financing Commitment, together with cash on hand and other funds available to Parent and Merger Sub, will be sufficient for Merger Sub to purchase the shares of Company Common Stock pursuant to the Offer and the Merger.

  • As of the date of this Agreement, to the knowledge of Parent, there are no facts or circumstances that create a basis for Parent to believe that any of the conditions to the Debt Financing will not be satisfied or that the Debt Financing or the Sponsor Financing will not be available to Parent or Merger Sub at the Acceptance Time.

  • The amount Fund IV is obligated to contribute pursuant to the Sponsor Financing will be reduced by any amount contributed to Parent pursuant to the Debt Financing and deposited by Parent with the Paying Agent (as defined below) for the benefit of the holders of Shares that Purchaser becomes obligated to purchase pursuant to the Offer and for the benefit of the holders of Shares that are entitled to receive the Merger Consideration in accordance with the Merger Agreement.

  • The Sponsors have collectively provided a commitment of up to $421,593,346 to Parent (the "Sponsor Financing") to fund the consideration payable to the Company's stockholders in connection with the consummation of the Offer and the Merger other than the Company Contribution (as defined below).


More Definitions of Sponsor Financing

Sponsor Financing has the meaning defined in Article 10.16 Sponsor CapEx Financing has the meaning defined in Article 6.2 44 Third Party DIP Financing Debtor-in-possession financing provided by a third party to Both Reorganization Companies prior to Closing 45 Third Party CapEx Financing has the meaning defined in Article 6.2
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Sponsor Financing means the agreement of the Sponsors to (directly or indirectly) invest or cause to be invested in the Purchaser and Mosaic, subject to the terms and conditions of the Sponsor Funding Documents, the amounts set forth in the Sponsor Funding Documents, which will be used by the Purchaser for purposes of partially financing the Transactions.
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Related to Sponsor Financing

  • Junior Financing has the meaning set forth in Section 7.13(a).

  • Junior Financing Documentation means any documentation governing any Junior Financing.

  • Other Financing shall have the meaning assigned to such term in Section 5.6(ii) hereof.

  • Qualified Securitization Financing means any Securitization Financing of a Securitization Subsidiary that meets the following conditions: (i) the Board of Directors of the Borrower shall have determined in good faith that such Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the Securitization Subsidiary, (ii) all sales of Securitization Assets and related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) and (iii) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Borrower) and may include Standard Securitization Undertakings. The grant of a security interest in any Securitization Assets of the Borrower or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness hereunder and under any other Credit Agreement or any permitted additional Indebtedness with Pari Passu Lien Priority and any Refinancing Indebtedness with respect thereto shall not be deemed a Qualified Securitization Financing.

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).