Examples of SVB Facility in a sentence
At the Issuers' request, the Purchasers shall negotiate in good faith with any successor to SVB and the SVB Facility to execute and deliver reasonable and customary documentation required to subordinate (on reasonable and customary terms) the right of the Purchasers to receive payments of cash from the Company with respect to their New Debentures.
All outstanding indebtedness and other obligations under the SVB Facility shall have been repaid, the commitment to lend thereunder shall have been terminated, and the Agent shall have received executed termination statements (Form UCC-3) terminating all liens and security interests securing the SVB Facility, all to the satisfaction of the Agent in its reasonable discretion.
At the Issuers' request, the Purchasers shall negotiate in good faith with any successor to SVB and the SVB Facility to execute and deliver reasonable and customary documentation required to subordinate (on reasonable and customary terms) the right of the Purchasers to receive payments of cash from the Company with respect to their Convertible Debentures.
All loans made under the SVB Facility shall have been repaid in full using proceeds of the Rights Offering, and all letter of credit obligations under the SVB Facility shall have been collateralized with cash proceeds of the Rights Offering.
SVB shall have transferred in immediately available funds, to the Agent, or to the Agent's order, all cash collateral previously posted by WESAC or any other Wexford Party under the SVB Facility.