Bridge Letter definition
Examples of Bridge Letter in a sentence
However, in the event that Kirtland is unable to arrange for such debt financing, Kirtland has obtained the DLJ Bridge Letter pursuant to which DLJ Bridge has committed to purchase from Instron $100.0 million in principal amount of Bridge Notes.
The Company shall have taken all actions and received all consents and approvals necessary to increase its authorized shares of Company Common Stock and Series C Preferred Stock to comply with the provisions of Section 4.4 of the Bridge Letter Agreement.
Maintain Liquidity of the Note Obligors on a consolidated basis (i) as of the last day of each fiscal quarter ending prior to the consummation of the Supplemental Bridge Letter in excess of $15,000,000.00 and (ii) as of the last day of each fiscal quarter ending after the consummation of the Supplemental Bridge Letter in excess of the Agreed Levels.
The Company shall have completed the offering to the stockholders of the Company described in Section 3 of that certain Bridge Letter Agreement dated December 6, 2006 by and among the Company and the holders of Company Preferred Stock appearing as signatories thereto (the “Bridge Letter Agreement”) and all time periods set forth in Section 3 of the Bridge Letter Agreement related to such offering shall have expired.
Service Provider to provide copy of Bridge Letter for the audit period beyond the duration of SSAE18 report provided to Client in the form and through the process as commonly provided for other clients of DST similarly situated, a current copy of which is attached hereto as Exhibit 2.
Additionally, Manager must deliver a "Bridge Letter" to Co-Managing Member stating that the Managing Member’s control environment relevant to SSAE 16 has not changed since the end of the effective date of the audited SOC 1 Type 2 Report (or equivalent report) and must cover through Managing Member’s fiscal year end.
After giving effect to the -------------------------------- proposed Borrowing, the issuance of the proposed Lender Bridge Letter of Credit or the execution of the proposed Lender Derivative/FX Contract, as the case may be, (i) the sum of (A) the Total Utilization of Commitments and (B) the Total Amount of Unsecured Debt shall not exceed the Aggregate Total Commitments and (ii) the Total Utilization of Bridge Commitments shall not exceed the Aggregate Bridge Commitment.
Each Bank and Borrower Party agree ----------------------------- that, in paying any drawing under a Lender Bridge Letter of Credit, the applicable Issuing Bridge Lender shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Lender Bridge Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.
The Bridge LC Bank shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Bridge Letter of Credit issued, extended or renewed by it.
The Bridge LC Bank will pay to each Bridge Bank ratably in accordance with its Percentage all amounts received from the Borrower for application in payment, in whole or in part, of the Bridge Reimbursement Obligation in respect of any Bridge Letter of Credit, but only to the extent such Bridge Bank has made payment to the Bridge LC Bank in respect of such Bridge Letter of Credit pursuant to Section 2.15(d).