Financing Term definition
Examples of Financing Term in a sentence
The LEA shall be entitled to possess and use the Accepted Buses during the Financing Term of the related Appendix without interruption by CONTRACTOR, provided that the LEA has duly performed its obligations under this Agreement.
The Postpetition Lender shall have no obligation to lend under the DIP Financing Term Sheet unless and until the conditions precedent set forth therein have been satisfied.
The DIP Financing Term Sheet and the other Postpetition Financing Documents provide that an Event of Default shall occur if any chapter 11 plan in the Borrower’s or the Guarantor’s Chapter 11 Case is confirmed and becomes effective unless such plan provides that the Postpetition Obligations shall be paid in full in cash on or before the effective date of such plan, unless the Postpetition Lender shall otherwise consent in writing prior to the effective date of such plan.
An Event of Default shall occur if any Debtor seeks an order dismissing the Borrower’s or the Guarantor’s Chapter 11 Case without the consent of the Postpetition Lender and prior to the indefeasible payment in full in cash and satisfaction in the manner provided in the DIP Financing Term Sheet and the other Postpetition Financing Documents of all obligations and indebtedness owing to the Postpetition Lender.
The rights and remedies of the Postpetition Lender specified herein are cumulative and not exclusive of any rights or remedies that the Postpetition Lender may have under the DIP Financing Term Sheet and the other Postpetition Financing Documents or otherwise.