Conduit Entities definition
Conduit Entities means IKON Funding-1, LLC; IKON Funding-2, LLC; IKON Funding-3, LLC; and each other transferor under the Conduit Facilities.
Examples of Conduit Entities in a sentence
At or prior to the Closing, the Seller shall (a) repay, redeem and discharge the obligations of the Seller Entities (including the Conduit Entities) under the Conduit Facilities, (b) terminate the Conduit Facilities Documents and (c) cause the leases, equipment and other property that are subject thereto to be (i) released free and clear of all Encumbrances other than Permitted Encumbrances and (ii) repurchased by or otherwise transferred to the Seller or IOS Capital.