Intermediate Purchaser definition
Examples of Intermediate Purchaser in a sentence
The Intermediate Purchaser, Fox, Southeastern and New Fox shall have executed a mutual release agreement with the Agent and the Lenders, in form and substance satisfactory to the Agent and the Lenders.
Upon satisfaction of the conditions specified hereinafter in Article 6 hereof, notwithstanding anything to the contrary in Section 2.03 of the Credit Agreement, the Borrowers shall not be obligated to make prepayment of the Loans in excess of a $250,000 repayment of the Revolving Loan (and related $2,500,000 reduction in the Aggregate Revolving Loan Commitment); provided the $3,272,000 in Parent stock received by Parent from the Intermediate Purchaser shall be held in treasury by Parent.
Notwithstanding anything to the contrary in the Credit Agreement and the other Loan Documents, Fox shall no longer be deemed a Subsidiary of Parent (nor shall the Intermediate Purchaser, New Fox and Southeastern), and no Loan proceeds shall be advanced by any Borrower to Fox, the Intermediate Purchaser, New Fox and/or Southeastern (unless such the same constitutes an Investment permitted under Section 7.02 of the Credit Agreement).
Eleven (11) Business Days after the Second Amendment Date, the FF Ventures Intermediate Purchaser shall have no right to purchase additional FF Ventures Intermediate Last Out Notes (other than pursuant to Section 2.1.1(c)(xii)) without the prior written consent of the Issuers.
Eleven (11) Business Days after the Second Amendment Date, the BL FF Intermediate Purchaser shall have no right to purchase additional BL FF Intermediate Last Out Notes (other than pursuant to Section 2.1.1(c)(xii)) without the prior written consent of the Issuers.
The balance of the Intermediate Purchaser Fund, after payment of Class Counsel Fees and Administration Expenses, shall be allocated and distributed for the benefit of the Intermediate Purchasers who are Settlement Class Members, cy-près, to the recipients and in the proportions or amounts set out in Schedule F.
The Intermediate Purchaser Fund, the Consumer Fund and the Expense Fund shall not be reduced by reason of any Settlement Credits or Opt Out Refunds.