MEFA definition

MEFA means the Master Equipment Financing Agreement, dated as of February 4, 1999, by and between Nextel International, the lenders party thereto, and Motorola Credit Corporation, as administrative agent and collateral agent, as heretofore or hereafter amended, supplemented or otherwise modified.

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MEFA means that certain $225.0 million Master Equipment Financing Agreement, dated as of February 4, 1999, as amended, between NII and MCC, as the same may have been subsequently modified, amended or supplemented, together with all instruments and agreements related thereto.

MEFA has the meaning given such term in the Recitals hereto.

Examples of MEFA in a sentence

• If an Event of Default specified in clause (i) or (j) above exists with respect to the Company, or Indebtedness under the New MEFA or New EFA shall have been accelerated prior to its Stated Maturity, the Accreted Value of, premium, if any, and accrued interest on the Notes then outstanding shall automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.

• He was Founding Executive Director of the Massachusetts Educational Financing Authority (MEFA), where he developed an innovative system to provide loans for students at public and private colleges and universities in Massachusetts.

• The Statement/Prospectus and the Registration Statement shall be subject to the approval of the Company prior to its filing with the SEC (such approval not to be unreasonably withheld or delayed).

• The following definitions are hereby added to Section 18 of the MEFA in their proper alphabetical order.

• The Company shall not, and shall not permit any other Credit Party to, assume, endorse, be or become liable for, or guarantee, the obligations of any Person (other than the "Borrowing Affiliate Guaranties" and "Parent Guaranties" under and as defined in the MEFA) except (a) by the endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and (b) in respect of the Permitted Indebtedness of the Credit Parties.

• The Lender may assign or otherwise transfer all or any portion of its rights and obligations under the MEFA (including all or any portion of the Conditional Commitments and the extensions of credit owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Lender herein or otherwise.

• To the extent that the Obligors do not reimburse MCC for any payment made by MCC under this Section 2.9, such unreimbursed payments shall be allocated (on the basis of principal amounts) to, and constitute a part of, the EFA Obligations and the MEFA Obligations.

• Except as expressly amended pursuant hereto or referenced herein, the MEFA and the other Equipment Financing Documents shall remain unchanged and in full force and effect and are hereby ratified and confirmed in all respects.

• No term or provision of this Agreement may be waived, amended, supplemented or otherwise modified except in a writing signed by Guarantor and the Lender in accordance with Section 18 of the MEFA.

• The monthly payment factors will be adjusted for each Page 1 of NUMPAGES \* Arabic \* MERGEFORMAT 12 FILENAME \* MERGEFORMAT MEFA - CLEANSPARK subsequent Schedule, using the then existing Prime Rate; however, in no event will a downward adjustment occur that is below the monthly payment factor set forth in the first Schedule.

More Definitions of MEFA

MEFA means the Master Equipment Financing Agreement, dated as of November 12, 2002, by and between NII Holdings (Cayman), Ltd., Nextel del Peru, S.A. (Peru), and Teletransportes Integrales, S.A. de C.V. (Mexico), the lenders party thereto, Motorola Credit Corporation, as Administrative Agent and Citibank, N.A., as the Collateral Agent, as heretofore or hereafter amended, supplemented or otherwise modified.