Vendor Financing Facility definition

Vendor Financing Facility means any agreements between the Company or a Restricted Subsidiary of the Company and one or more vendors or lessors of equipment or other capital assets to the Company or any of its Restricted Subsidiaries (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Company or any such Restricted Subsidiary of equipment or other capital assets from any such vendor or lessor.

Vendor Financing Facility means any arrangement among the Borrower and a Vendor Financing Lender whereby the Vendor Financing Lender makes payment on behalf of the Borrower of amounts payable by the Borrower to its suppliers and vendors.

Vendor Financing Facility means any agreements between Globalstar, Globalstar Capital and/or any Restricted Subsidiary and one or more vendors or lessors of equipment to Globalstar, Globalstar Capital and/or any Restricted Subsidiary (or any affiliate of any such vendor or lessor) providing financing for the acquisition by Globalstar or any such Restricted Subsidiary of equipment from any such vendor or lessor.

Examples of Vendor Financing Facility in a sentence

• With respect to any Loan hereunder that is extended to any Borrowing Subsidiary, (i) the Borrower shall execute and deliver to the Lenders a guaranty in form and substance reasonably acceptable to the Lenders, and (ii) the Lenders acknowledge and agree that the Borrower may, or may cause such Borrowing Subsidiary to, pledge to the Collateral Agent under the Vendor Financing Facility the note or notes evidencing such Loan, to the extent required under the Common Agreement.

• The Borrower and its Subsidiaries shall use the proceeds of the Loans (I) to finance Capital Expenditures not covered by the Vendor Financing Facility, operating losses and working capital requirements; and (II) to pay cash interest.

• With respect to any Loans hereunder that are extended to the Borrower, the Borrower shall cause each of its subsidiaries (as specified by the Lenders, but excluding any Unrestricted Subsidiaries of ATTL) to execute and to deliver to the Lenders a subordinated guaranty in form and substance reasonably acceptable to the Lenders, as promptly as practicable after the date on which the issuance of such guaranties is permitted under the Vendor Financing Facility.

• The eleventh paragraph of Section 3.4(a) is replaced with the following: From Reinstatement, the Company’s key sources of financing will consist of the $15,000,000 to be raised under the Public Offer (assuming the Public Offer is fully subscribed), the Vendor Financing Facility, Vendor FP Financing Facility, and debt funding of approximately$4,500,000 in addition to its existing cash balance.

More Definitions of Vendor Financing Facility

Vendor Financing Facility has the meaning specified in Section 1 of the Borrower Security Agreement.

Vendor Financing Facility means any agreements between the Corporation or a Restricted Subsidiary of the Corporation and one or more vendors or lessors of equipment to the Corporation or any of its Restricted Subsidiaries (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Corporation or any such Restricted Subsidiary of equipment from any such vendor or lessor.

Vendor Financing Facility means any agreements between Iridium and/or any Subsidiary of Iridium and one or more vendors or lessors of equipment to Iridium and/or any Subsidiary (or any affiliate of any such vendor or lessor) providing financing for the acquisition by Iridium or any such Subsidiary of equipment or services from any such vendor or lessor.

Vendor Financing Facility means (i) any agreements between the Company and/or any Restricted Subsidiary and one or more vendors or lessors of the Company and/or any Restricted Subsidiary (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Company or any such Restricted Subsidiary of inventory, equipment or other assets used in the business of the Company and/or any Restricted Subsidiary and (ii) the existing agreement between the Company and INAC, Inc. providing financing for the insurance premiums for certain insurance policies of the Company and its Restricted Subsidiaries.

Vendor Financing Facility means any credit facilities of the Corporation or any of its Subsidiaries to finance the purchase or use of equipment, software and/or services provided by the vendors thereof, provided such facility is not secured by any assets other than the assets acquired from such vendor or vendors by Borrower or its Subsidiaries in connection with such facility as permitted by this Agreement.

Vendor Financing Facility means any agreements between the Company or a Restricted Subsidiary of the Company and one or more vendors or lessors of equipment or other capital assets to the Company or any of its Restricted Subsidiaries (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Company or any such Restricted Subsidiary of equipment or other capital assets from any such vendor or lessor."

Vendor Financing Facility means the financing facilities provided under the Common Agreement and the several Initial Participating Credit Agreements among ATTL and the other parties thereto from time to time in a total commitment amount of up to $297,735,000 and the ancillary documents and agreements executed in connection therewith.