Bridge Finance definition

Bridge Finance means any Final Recipient Transaction that includes working capital financing and where the purpose is to provide short-term interim financing/funding necessary until ordinary financing conditions and business operations are restored and a longer-term financing can be provided.”
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Bridge Finance means the bridge finance provided by the Purchaser to the Company as set out in separate letters of agreement between the Purchaser and the Seller;
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Examples of Bridge Finance in a sentence

  • This waiver applies irrespective of any law or any provision of a Bridge Finance Document to the contrary.

  • This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by any Obligor under the Bridge Finance Documents, regardless of any intermediate payment or discharge in whole or in part.

  • Each Bridge Finance Document may be executed in any number of counterparts.

  • If a Bridge Finance Document does not provide for when a particular payment is due, that payment will be due within three Business Days of demand by the relevant Finance Party.

  • This has the same effect as if the signatures on the counterparts were on a single copy of the Bridge Finance Document.

  • Any certification or determination by a Finance Party of a rate or amount under the Bridge Finance Documents will set out the basis of calculation in reasonable detail and will be, in the absence of manifest error, conclusive evidence of the matters to which it relates.

  • If an Obligor receives any benefit, payment or distribution in relation to such rights it shall hold that benefit, payment or distribution to the extent necessary to enable all amounts which may be or become payable to the Finance Parties by the Obligors under or in connection with the Bridge Finance Documents to be repaid in full on trust for the Finance Parties and shall promptly pay or transfer the same to the Trustee or as the Trustee may direct for application in accordance with Clause 9 (Payments).

  • Payments under the Bridge Finance Documents to the Trustee must be made for value on the due date at such times and in such funds as the Trustee may specify to the Party concerned as being customary at the time for the settlement of transactions in the relevant currency in the place for payment.

  • Each Obligor agrees not to argue to the contrary and waives objection to those courts on the grounds of inconvenient forum or otherwise in relation to proceedings in connection with any Bridge Finance Document.

  • If the contemplated private placement of the Parent Notes has not been completed at the time the Offer is completed, then DLJ Bridge Finance, Inc., an affiliate of DLJ, will purchase from Parent up to $100 million in senior subordinated increasing rate notes (the "Bridge Notes") the proceeds of which will be used to complete the Offer and the Merger pending completion of such private placement of the Parent Notes.