Leonite Capital definition
Examples of Leonite Capital in a sentence
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”).
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.
The terms “Purchaser” and “Purchasers” include Leonite Capital in its individual capacity.
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.