Vendor Financing Arrangement means loans or advances from (or other financing provided by) a vendor to the Borrower or any Subsidiary in the ordinary course of business, the proceeds of which are utilized solely to purchase a vendor’s inventory, products, services (which, for the avoidance of doubt, shall include maintenance agreements), assets (which, for the avoidance of doubt, shall include IP addresses) and/or Capital Expenditures related to a vendor.
Vendor Financing Arrangement means that certain vendor financing arrangement with Glenayre entered into in March 1997, as amended, providing for the financing of infrastructure equipment over a period of 60 months up to an original maximum of $30,000,000 (later amended to $10,000,000), together with all related notes, certificates, security agreements, mortgages, pledges, indemnities, collateral assignments, undertakings, guaranties, and other instruments and documents, as each may have been amended or modified from time to time.
Vendor Financing Arrangement means any supply chain financing arrangement, structured vendor payable program, payables financing arrangement, reverse factoring arrangement or any other similar arrangement or program pursuant to which the Parent or any of its Loan Party Subsidiaries provides a vendor an option to factor such vendor’s receivables from the Parent or such Loan Party Subsidiary to a bank or financial institution, in each case, with respect to property or assets used in the ordinary course of the Parent’s or its Loan Party Subsidiaries’ business.
Examples of Vendor Financing Arrangement in a sentence
Upon compliance with this procedure by a Holder of a Claim evidenced by a WebLink Note or a note issued under the Prepetition Bank Credit Facility or the Vendor Financing Arrangement, such Holder shall, for all purposes under the Plan, be deemed to have surrendered such note or debenture.
As of December 31, 2001, the Company had $8.6 million outstanding under the Vendor Financing Arrangement.
In March 1997, the Company entered into a vendor financing arrangement with an infrastructure vendor (the "Vendor Financing Arrangement"), providing for the financing of infrastructure and other equipment over a period of 60 months from the date of initial drawdown.
The definition of ------------------------------------------ "Vendor Financing Arrangement" in Section 1.1 is amended by deleting the references to "the Company" therein and substituting "Parent" therefor.
Class 3: consists of all Secured Claims against the Debtors arising from or relating to the Vendor Financing Arrangement.
More Definitions of Vendor Financing Arrangement
Vendor Financing Arrangement means any financing arrangement provided by a Person (other than Parent or any Affiliate thereof) to any purchaser of equipment sold by Parent or any Subsidiary in the ordinary course of business, the terms of which provide for recourse against Parent and/or the applicable Subsidiary in the event of default by the purchaser.
Vendor Financing Arrangement means any supply chain financing arrangement, structured vendor payable program, payables financing arrangement, reverse factoring arrangement or any other similar arrangement or program pursuant to which the Company or any of its Restricted Subsidiaries provides a vendor an option to factor such vendor’s receivables from the Company or such Restricted Subsidiary to a bank or financial institution, in each case, with respect to property or assets used in the ordinary course of the Company’s or its Restricted Subsidiaries’ business.”
Vendor Financing Arrangement means any financing arrangement provided by a ---------------------------- Person (other than Parent or any Affiliate thereof) to any purchaser of equipment sold by Parent or any Subsidiary in the ordinary course of business, the terms of which provide for recourse against Parent and/or the applicable Subsidiary in the event of default by the purchaser.
Vendor Financing Arrangement means any supply chain financing arrangement, structured vendor payable program, payables financing arrangement, reverse factoring arrangement or any other similar arrangement or program pursuant to which the Borrower or any Subsidiary provides a vendor an option to factor such vendor’s receivables from the Borrower or such Subsidiary.
Vendor Financing Arrangement any supply chain financing arrangement, structured vendor payable program, payables financing arrangement, reverse factoring arrangement or any other similar arrangement or program pursuant to which the Borrower or any of its Restricted Subsidiaries provides a vendor an option to factor such vendor’s receivables from the Borrower or such Restricted Subsidiary to a bank or financial institution.
Vendor Financing Arrangement any supply chain financing arrangement, structured vendor payable program, payables financing arrangement, reverse factoring arrangement or any other similar arrangement or program pursuant to which the Borrower or any of its Restricted Subsidiaries provides a vendor an option to factor such vendor’s receivables from the Borrower or such Restricted Subsidiary to a bank or financial institution. “Voting Stock”: as to any entity, all classes of Capital Stock of such entity then outstanding and normally entitled to vote in the election of directors or all interests in such entity with the ability to control the management or actions of such entity. “Wholly Owned Domestic Subsidiary”: as to any Person, any Domestic Subsidiary of such Person of which such Person owns, directly or indirectly through one or more Wholly Owned Domestic Subsidiaries, all of the Capital Stock of such Domestic Subsidiary. 82 “Wholly Owned Subsidiary”: as to any Person, any Subsidiary of such Person of which such Person owns, directly or indirectly through one or more Wholly Owned Subsidiaries, all of the Capital Stock of such Subsidiary. “Write-Down and Conversion Powers”: (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write- down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, the powers of the applicable Resolution Authority in each case under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 1.2
Vendor Financing Arrangement means the Financing and Security Agreement between Glenayre Electronics Inc. and the Company dated March 21, 1997, as amended from time to time.