Examples of Vendor Financing Facility in a sentence
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.
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.