Xxxxxx Documents definition
Examples of Xxxxxx Documents in a sentence
The Borrower has no knowledge of any default or event of default under the Xxxxxx Documents or the Textron Documents, except as disclosed to the Banks in writing, and neither Xxxxxx nor Textron has accelerated any loan obligation of the Borrower on account of any such specified default or event of default.
Within 10 Business Days after the date hereof, Borrower shall cause Xxxxxx Financial to amend its financing agreements with Borrower’s subsidiary(ies) (the “Xxxxxx Documents”) to require Xxxxxx Financial to provide Silicon with written notice of any default under the Xxxxxx Documents, and Borrower shall provide Silicon with evidence of such amendment to the Xxxxxx Documents.
The Xxxxxx Note is non-recourse to each of Holdings, BV Holdings and the Borrower and is payable solely out of the sale, foreclosure or other disposition of the collateral (and the proceeds thereof) pledged or otherwise assigned to the respective collateral agent pursuant to the respective Xxxxxx Documents.
The Borrower hereby covenants and agrees that, prior to repayment in full of the Xxxxxx Facility, the Borrower will not, and will not permit any of its Subsidiaries to, create or incur or suffer to be created or incurred or to exist any lien, encumbrance, mortgage, pledge, charge, restriction or other security interest of any kind upon the Xxxxxx Receivables Collateral, other than in favor of Xxxxxx pursuant to the Xxxxxx Documents.
On or before the Closing Date, Borrower shall deliver to Lender, evidence satisfactory to Lender, that the Xxxxxx Facility has been modified as set forth in the Term Sheet applicable to the New Inventory Loan and in a manner acceptable to Lender in its sole and absolute discretion and Lender has been provided with true, correct and complete copy of all of the executed modifications to the Xxxxxx Documents.