Examples of SVB Documents in a sentence
CR acknowledges and agrees that any event of default under the CR Documents shall be deemed to be an event of default under the SVB Documents, and SVB acknowledges and agrees that any event of default under the SVB Documents shall be deemed to be an event of default under the CR Documents.
Borrower covenants and agrees that the SVB Revolving Facility under the SVB Documents shall comply with the maximum principal requirements set forth in the defined term “SVB Revolving Facility” in this Agreement at all times.
Upon the request of SVB, NEIPF and Investment Manager shall immediately cease any Collection Actions then being pursued by NEIPF or Investment Manager with respect to the SVB Senior Collateral if SVB at any time elects, in its sole discretion, to demand payment of the SVB Debt and commence any Collection Actions against Borrowers with respect to the SVB Senior Collateral under the SVB Documents or as otherwise authorized by applicable law.
The term “SVB Security Interest” shall mean the liens, security interests and any other rights with respect to the Collateral granted by Borrowers, as debtors, to SVB, as secured party, pursuant to the SVB Documents.
The term “Event of Default” shall have the meaning given that term in the NEIPF Documents and the SVB Documents, as the case may be.
The term “SVB Debt” shall mean the indebtedness, obligations and liabilities now or hereafter owed by Borrowers to SVB under the SVB Documents, as such may be amended or modified from time to time (including without limitation, the SVB Loan and the payment of any indebtedness arising under any other instrument benefiting SVB), and any renewals thereof.
SVB shall use commercially reasonable efforts to give ORIX (i) a copy of any written notice of the occurrence or existence of an event of default under any of the SVB Documents sent to the Company, simultaneously with the sending of such notice to the Company, and (ii) written notice of any termination of the SVB Agreement.
SVB and NEIPF hereby consent to the making of the other Lender’s respective loans and credit extensions to Borrowers and to the granting and existence of the Security Interests, despite any prohibitions which might exist in the NEIPF Documents or the SVB Documents, and each SVB and NEIPF consents to the Borrowers’ payment of their indebtedness and obligations under and in accordance with the terms of the NEIPF Documents and the SVB Documents, as applicable.
For avoidance of doubt, no credit extensions under the growth capital term loan facility shall remain outstanding under the SVB Documents or be permitted by Borrower on or after the date of this Agreement.
The term “Lender’s Documents” means either the NEIPF Documents or the SVB Documents as the case may be or the context may require.