BFA Loan definition

BFA Loan means the loan of the proceeds of the Bonds from the Bond Issuer to the Company, pursuant to the Bond Financing Agreement, and evidenced by the Series 2020 Note.
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Examples of BFA Loan in a sentence

  • The BFA Loan Obligations constitute, and shall continue to constitute, Pari Passu Lien Debt pursuant to the terms of the Collateral Trust Agreement and will be on a parity of security with other outstanding debt of the Company or the Guarantors and future debt of the Company or Guarantors, if any, designated as Pari Passu Lien Debt pursuant to the Pari Passu Lien Debt Documents.

  • Upon the occurrence and continuance of an Event of Default under Section 7.06, whether or not the Company has fully drawn the proceeds of the BFA Loan, the unpaid balance of the amount payable under Section 4.04(a) of this Financing Agreement shall be due and payable immediately without any further action or notice.

  • The Issuer does not make any warranty, either expressed or implied, that the proceeds of the BFA Loan will be sufficient to pay all of the Tax-Exempt Project Costs.

  • On the Closing Date, the BFA Loan Obligations will be the senior secured obligations of the Company.

  • Each of the Company and the Guarantors will do or cause to be done all such acts and things as may be required by the provisions of the Security Documents, to assure and confirm to the Collateral Agent the security interest in the Collateral contemplated by the Security Documents or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of the BFA Loan Obligations.

  • Except as otherwise contemplated hereby or under any other Bond Documents, the BFA Loan Obligations will be fully and unconditionally guaranteed (the “Guarantees”) on a senior secured basis, jointly and severally, by Holdings, BRS Finance and each current and future domestic subsidiary that is an obligor or guarantor under the ABL Facility (each a “Guarantor” and collectively, the “Guarantors”).

  • Except as otherwise contemplated hereby or under any other Bond Documents, the BFA Loan Obligations will be fully and unconditionally guaranteed (the “Guarantees”) on a senior secured basis, jointly and severally, by Holdings, BRS Finance and each current and future domestic subsidiary that is an obligor or guarantor under the ABL Facility or the Term Loan Credit Agreement (each a “Guarantor” and collectively, the “Guarantors”).