Leonite definition
Examples of Leonite in a sentence
The Subordinated Creditor will not agree to any amendment, restatement or other modification of the Subordinated Note or of the other Leonite Documents (as defined in the Loan Agreement), without the prior written consent of the Senior Lender, which will not be unreasonably withheld, conditioned or delayed.
Pledgee hereby (i) acknowledges that the Pledgor and its affiliates are obligors under that certain Note Purchase Agreement, dated as of October 8, 2021, by and among 1847 Holdings LLC, certain of its affiliates, including Grantors, Leonite Capital LLC, as administrative agent (in such capacity, (the “Agent”), and purchasers thereunder (“Purchasers”) (as amended the “Senior Debt”).
Lender shall have received an executed Mezzanine Subordination Agreement, an executed Seller Subordination Agreement, and an executed Leonite Subordination Agreement.
Lender shall have received an executed Senior Subordination Agreement, Seller Subordination Agreement and Leonite Subordination Agreement.
For purposes hereof, “Senior Indebtedness” means, all indebtedness of the Company, whether outstanding on the date of the execution of this Note or thereafter created, to the following lenders to the Company: SILAC Insurance Company, Leonite Capital LLC, Leonite Fund I, LP and Mast Hill Fund, L.P.
For avoidance of doubt, in the event Leonite exercises its Participation Right and it results in Leonite purchasing all of the securities being offered in a Future Financing, Purchaser shall have no Participation Right with respect to that Future Offering.
It is understood and agreed that none of the Concord Persons, the Leonite Persons or the Camac Persons will acquire more than five percent of the then-outstanding common stock of the Company without the prior consent of the Concord Person and the Leonite Persons.
Such notice shall be properly delivered to the address set forth beneath the name of such party below: If to Investor: Leonite Fund I, LP 6▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇ Upper Saddle River, NJ 07458 Attention: A▇▇ ▇▇▇▇▇▇ E-mail: a▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ If to the Company: Raadr, Inc.
For purposes of this Section 2(c), an “Exempt Issuance” shall have the meaning ascribed to such term in the Note and Exempt Issuance shall also include any issuances to Leonite or ▇.▇.
Notwithstanding the foregoing, the Servicer’s obligation to deliver statements under this Subsection, shall be satisfied by providing the information required on Exhibit 13 in compliance with Subsection 11.15.