Vendor Credit Facility as defined in the Trust Agreement.
Vendor Credit Facility. (as defined in the Trust Agreement) established by a vendor which shall have agreed to supply to the Borrower and its Restricted Subsidiaries a material amount of equipment (other than handsets) and services comprising or relating to property or assets to be utilized in connection with the Borrower's national wireless telecommunications network;
Vendor Credit Facility means any agreement entered into with one or more vendors, suppliers or lessors of telecommunications equipment or assets (including any agreement entered into with any such vendor, supplier or lessor or any financial institution acting on behalf of any such vendor, supplier or lessor) in order to finance the acquisition or construction of telecommunications equipment or assets, as such agreement may be amended, modified, supplemented, refunded, refinanced, restructured, renewed or replaced from time to time; provided that (i) any equipment or other assets acquired or leased under or pursuant to such Vendor Credit Facility are received by the Issuer or a Restricted Subsidiary and (ii) all obligations with respect to or under such Vendor Credit Facility or any amendment, modification, supplement, refunding, refinancing, restructuring, renewal or replacement thereof are owed, whether directly or indirectly, as the case may be, to a Person who is not an Affiliate of the Issuer or any of its Subsidiaries and no such Affiliate shall act as a facilitator or conduit or in a similar capacity with respect thereto.
Examples of Vendor Credit Facility in a sentence
Charming Charlie deducted the Fronting Fee of 3% for each of Tanya’s Eligible Purchase Orders made under the Vendor Credit Facility and the Vendor Financing Agreement .
Charming Charlie deducted the Fronting Fee on each payment to Tanya for Eligible Purchase Orders made under the Vendor Credit Facility, Master Supplier Agreement and Vendor Financing Agreement .
More Definitions of Vendor Credit Facility
Vendor Credit Facility any credit facility (including the Initial Vendor Credit Facilities) (a) pursuant to which a Person selling goods or services to the Borrower and/or its Subsidiaries, or an affiliate of such Person, provides credit to the Borrower solely to finance the purchase of goods or services relating to the Borrower's national wireless system and/or any costs and expenses relating thereto and (b) which is designated as a Vendor Credit Facility in Schedule I or is designated as a Vendor Credit Facility in the Additional Secured Obligations Designation pursuant to which the Vendor Facility Obligations under such Vendor Credit Facility become Secured Obligations hereunder.
Vendor Credit Facility means any credit facility (other than the Arianespace Agreement and the Loral Satellite Purchase Contract) entered into with any vendor or supplier (or any financial institution acting on behalf of such a vendor or supplier); provided that the Indebtedness thereunder is incurred solely for the purpose of financing the cost (including the cost of design, development, construction, or integration) of CD Radio Assets.
Vendor Credit Facility means, collectively, any credit facility entered into with any vendor or supplier (or any financial institution acting on behalf of or for the purpose of directly financing purchases from such vendor or supplier) to the extent the Indebtedness thereunder is incurred for the purpose of financing the cost (including the cost of design, development, site acquisition, construction, integration, manufacture or acquisition) of personal property (tangible or intangible) used, or to be used, in a Cable/ Telecommunications Business.
Vendor Credit Facility means any credit facility (other than the Arianespace Agreement) entered into with any vendor or supplier (or any financial institution acting on behalf of such a vendor or supplier); provided that the Indebtedness thereunder is incurred solely for the purpose of financing the cost (including the cost of design, development, construction, or integration) of CD Radio Assets, including, without limitation, the Loral Satellite Purchase Contract.
Vendor Credit Facility or "Initial Financing") for the purposes of financing the provision by HNS of certain equipment ("Initial Equipment") for deployment by NextWave in the *___*; and
Vendor Credit Facility means secured credit facility among the Company, Nextel Finance Company, the other Restricted Companies (as defined in the agreement related to such facility), Motorola, Inc. and NTFC Capital Corporation.
Vendor Credit Facility means any agreement entered into with one or more vendors, suppliers or lessors of telecommunications equipment or assets (including any agreement entered into with any such vendor, supplier or lessor or any financial institution acting on behalf of any such vendor, supplier or lessor) in order to finance the acquisition or construction of telecommunications equipment or assets, as such agreement may be amended, modified, supplemented, refunded, refinanced, restructured, renewed or replaced from time to time; provided, however, that (i) any equipment or other assets acquired or leased under or pursuant to such Vendor Credit Facility are used in the Telecommunications Business by the Company or a Restricted Subsidiary.