Examples of Vendor Loans in a sentence
Completion under the BSG SPA took place on 3 November 2020 (the "BSG Completion").The purchase price was EUR 50,000,000 (the "BSG Purchase Price"), of which EUR 35,000,000 was paid in cash at the BSG Completion and EUR 15,000,000 remained due at the BSG Completion, for which the BSG Sellers granted loans to the BSG Purchaser (the "Vendor Loans").
Proceeds of Optional Vendor Loans may be used only to finance Capital Expenditures and services related to Capital Expenditures.
Capitalization of Vendor Loans and Ericsson Local Claims; Payment of Local Vendor Claims.....................................7 SECTION 2.03.
For the avoidance of doubt, any prior, present or future claim for expenses or other costs under the Vendor Loans that may have accrued to the Vendors or their subsidiaries (including the Local Vendors) shall be deemed extinguished in their entirety pursuant to the releases to be completed pursuant to Article 4(i).
Either of the Borrowers may also incur, after the Agreement Date, without the approval of the Majority Lenders, additional vendor-financed term loan Indebtedness for Money Borrowed (the "Vendor Facility") in an aggregate principal amount for both Borrowers not to exceed $1,000,000,000 (the loans thereunder, the "Vendor Loans").