Term F Note definition
Examples of Term F Note in a sentence
The Company shall have reimbursed the Purchaser for all actual and estimated fees, costs and expenses, including attorneys’ fees and expenses, expended or incurred by the Purchaser in connection with the negotiation, preparation, execution and performance of this Amendment, that remain unreimbursed (provided that such fees, costs and expenses may be withheld by the Purchaser from the payment of the Term F Note Purchase Price).
This Amendment has been duly executed and delivered by the Company and the Subsidiary Guarantors (or consented to or acknowledged by the Subsidiary Guarantors) and, on the Fourth Amendment Effective Date, the Term F Note and each of the other Amendment Documents to which it is a party will be duly executed and delivered by the Company and the Subsidiary Guarantors (or duly consented to or acknowledged by the Subsidiary Guarantors).
The Purchaser shall have delivered to the Company the Term F Note Purchase Price, less the fees, costs and expenses to be reimbursed by the Company under Section 4(a)(vii).
By reason of its business and financial experience, the Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the investment in the Term F Note, has the capacity to protect its own interests and is able to bear the economic risk of such investment.
No Default or Event of Default has occurred and is continuing or would result from the execution, delivery or performance of this Amendment or any other Amendment Document, the issuance, sale or delivery of the Term F Note or the consummation of the other transactions contemplated hereby or thereby.
The net proceeds to be received by the Company from the issuance and sale of the Term F Note hereunder shall be used solely for the purpose of purchasing and carrying motor vehicle installment contracts.
The Purchaser shall have received the Term F Note, dated the Fourth Amendment Effective Date, duly executed by the Company and acknowledged and consented to by the Subsidiary Guarantors (together with this Amendment, the “Amendment Documents”).
At the request of any Lender, Borrowers shall deliver a Term B Note, Term C Note, Term D Note, Term E Note, Term F Note or Term G Note in the principal amount equal to such Lender’s Term B Loans, Term C Loans, Term D Loans, Term E Loans, Term F Loans or Term G Loans, as applicable, to such Lender.
The aggregate purchase price to be paid by the Purchaser for the Term F Note shall be $10,000,000 (the “Term F Note Purchase Price”), payable in accordance with Section 1(c).
The execution, delivery and performance by the Company and the Subsidiary Guarantors of this Amendment and each other Amendment Documents to which it is a party (or which it has consented to or acknowledged), the issuance, sale and delivery of the Term F Note and the consummation of the other transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on the part of the Company and the Subsidiary Guarantors, as applicable.