ARMS Equity definition
Examples of ARMS Equity in a sentence
The Issuer shall have delivered to the Trustee evidence that the Preferred Shares have been, or contemporaneously with the issuance of the Notes will be, (i) issued by the Issuer and (ii) acquired in their entirety by ARMS Equity.
Notwithstanding anything herein to the contrary, the Issuer shall not sell any Asset to the Loan Obligation Manager or any Affiliate of the Loan Obligation Manager other than ARMS Equity in connection with an Optional Redemption.
Prior to the placement of the Notes hereunder, the Placement Agent shall have received the opinions, dated as of the Closing Date, of the respective counsel to the Trustee, the Preferred Shares Paying Agent, the Loan Obligation Manager, the CLO Servicer, the Seller and ARMS Equity, each in form and substance reasonably satisfactory to the Placement Agent.
Prior to the placement of the Offered Notes hereunder, the Placement Agent shall have received the opinions, dated as of the Closing Date, of the respective counsel to the Trustee, the Preferred Share Paying Agent, the Loan Obligation Manager, the CLO Servicer, the Seller and ARMS Equity, each in form and substance reasonably satisfactory to the Placement Agent.
Prior to the placement of the Offered Notes hereunder, the Placement Agent shall have received the opinions, dated as of the Closing Date, of the respective counsel to the Trustee, the Preferred Share Paying Agent, the Collateral Manager, the CLO Servicer, the Seller and ARMS Equity, each in form and substance reasonably satisfactory to the Placement Agent.
All ARMS Equity Cash Contributions, upon receipt thereof by the Issuer, shall be (i) deemed to constitute additional Principal Collections during the related Due Period pursuant to the definition thereof, (ii) deposited to the Principal Collection Account and (iii) subject to the provisions of this Indenture applicable to Principal Collections without distinction thereafter from any other Principal Collections.
Notwithstanding anything herein to the contrary, the Issuer shall not sell any Asset to the Collateral Manager or any Affiliate of the Collateral Manager other than ARMS Equity in connection with an Optional Redemption.
Following any such contribution by ARMS Equity, all right, title and interest of ARMS Equity, in, to and under such ARMS Equity Contribution shall thereupon immediately transfer and convey to the Issuer (for further Grant to the Trustee) and ARMS Equity shall not thereafter be entitled to receive any interest, repayment or additional return thereon.
ARMS Equity shall provide written notice to the Issuer, the Collateral Manager and the Trustee of its election to make an ARMS Equity Contribution not less than one Business Day prior to its making of any such contribution.
The Issuer shall have delivered to the Trustee evidence that the Preferred Shares have been, or contemporaneously with the issuance of the Notes will be, (1) issued by the Issuer and (2) acquired in their entirety by ARMS Equity.