Takeout Financing definition

Takeout Financing means any securitization or other financing of the assets securing the Notes whereby at least 95% of the Aggregate Outstanding Note Balance is repaid from the proceeds of such securitization or other financing.

Takeout Financing means any securitization or other financing of the assets securing the Notes.

Takeout Financing means the issuance of the Notes pursuant to the Note Purchase Agreement.

Examples of Takeout Financing in a sentence

• Parent shall have received a certificate of an executive officer of the Company dated as of the Closing Date to such effect; provided, that notwithstanding anything to the contrary in this Agreement, the Company’s and its Subsidiaries’ obligations under Section 7.11 will be deemed to be satisfied if the Company’s breach or breaches, if any, of its obligations under Section 7.11 did not directly or indirectly cause the failure of the Financing or Takeout Financing to be obtained.

• For the avoidance of doubt, the Investment Banks may reoffer the Take-out Financing to investors at any price below or above the proceeds to the Borrower and/or issuer.

• The Borrower shall not execute, conduct or permit any Asset Disposition with respect to any Collateral unless (i) the Borrower notifies the Bank of such Asset Disposition in writing five (5) Business Days before such Asset Disposition; and (ii) all Net Cash Proceeds or proceeds from Permitted Takeout Financing related to such Asset Disposition are applied to repay the Loans related to the Collateral that is the subject of such Asset Disposition.

• The Agent may, at its option and after delivery of notice to the Issuer, for the purpose of effecting a Takeout Financing, acquire from the Issuer or direct the Issuer to sell to the Agent, an Affiliate of the Agent or the Agent's designee, the Eligible Receivables specified in such notice and related security therefor securing the Notes.

• The Company shall prepay any outstanding Loans and cancel the Available Commitments from the net proceeds of certain types of financing of members of the Group, in accordance with the provisions of the Takeout Financing Side Letter and this Agreement.

More Definitions of Takeout Financing

Takeout Financing means a loan provided to pay off the Construction Financing upon completion of the Development as evidenced by a final Certificate of Occupancy or building permit signoff issued by the local building authority.

Takeout Financing shall have the meaning assigned to such term in the Fee Letter.

Takeout Financing a Securitization or a bank and/or bond, equity or other financing transaction by Global Signal, the Borrower or any other Affiliate of Global Signal, the proceeds of which are used to repay the Loans in connection with the maturity of the Loans or early termination of the Loan Facility.

Takeout Financing means any securitization or other financing of the assets securing the Notes effected through the Agent or an Affiliate of the Agent.

Takeout Financing means an offering and sale of asset-backed securities utilizing Originated Receivables, which shall result in the conveyance to Originator or a third party of all or substantially all of the Receivables for a purchase price that is not less than the Aggregate Unpaids at such time and the application of the proceeds of such sale to reduce the Aggregate Unpaids to zero.

Takeout Financing means any new debt, equity or other securities issued by the Holdco Guarantor or any direct or indirect Subsidiary of the Holdco Guarantor (howsoever described and in whatever form) that, in each case, are to be incurred to fully or partially refinance the Facility, which has been approved in writing by the Majority Lenders in their absolute discretion.

Takeout Financing means the issuance of the NPA Notes pursuant to the Note Purchase Agreement.