Common use of Vendor Financing Clause in Contracts

Vendor Financing. Deliver to the Administrative Agent, on or before April 30, 2001, definitive documentation, duly authorized, executed and delivered by the Borrower and one or more Vendors, including a New Lender Supplement duly executed and delivered by the Borrower and each relevant Vendor, with respect to the establishment of one or more Optional Vendor Loan Tranches pursuant to Section 2.7 of, and in all material respects in accordance with, this Agreement in an aggregate principal amount equal to or in excess of $250,000,000.

Appears in 2 contracts

Sources: Credit Agreement (Teligent Inc), Credit Agreement (Teligent Inc)