No Interest Letter definition
No Interest Letter means a letter agreement executed by the Supplier of the Equipment, as set forth on the applicable Loan Schedule, in favor of the Lenders and the Collateral Agent, pursuant to which the Supplier agrees to the collateral assignment of the rights and remedies of the applicable purchaser of such Equipment to the Collateral Agent, on behalf of the Secured Parties, disclaims any interest, lien, or other rights in the Equipment and related Collateral and recognizes the Collateral Agent as an intended third party beneficiary of the related Supplier Contract for such Equipment, in each case in form and substance reasonably satisfactory to the Collateral Agent.
No Interest Letter has the meaning given in Section 8.4;
No Interest Letter means a letter executed by the Supplier of Equipment, as set forth on the applicable Loan Schedule, in favor of the Lender and the Collateral Agent, pursuant to which the Supplier agrees to the collateral assignment of the rights and remedies of the applicable purchaser of such Equipment to the Lender, disclaims any interest, lien, or other rights in the Equipment and related Collateral and recognizes Lender as an intended third party beneficiary of the related Supplier Contract for such Equipment, in each case in form and substance reasonably satisfactory to Lender.
Examples of No Interest Letter in a sentence
Upon any Royalty Payor Entity entering into any Material Indebtedness or upon any Transfer by any Royalty Payor Entity in accordance with Section 21(a) to a transferee that has any Material Indebtedness, the applicable Royalty Payor Entities shall cause the lender(s) or other applicable counterparty(ies) to deliver to the Payee a No Interest Letter.
If at any time following the Execution Date, there exists Encumbrances on the Property recorded prior to the Royalty Deed, other than Permitted Encumbrances, the Royalty Payor Parties shall promptly notify the Payee and arrange for the discharge of such Encumbrances, including paying such liabilites, or deliver to the Payee a No Interest Letter in respect thereof.
More Definitions of No Interest Letter
No Interest Letter means the no interest letter dated October 4, 2024 provided by B▇▇▇▇▇▇ in favour of the Purchaser and the Debtor.
No Interest Letter means the agreement dated September [●], 2024 to be entered into by ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇ in respect of this Agreement and the Disposition Assets as therein defined;
No Interest Letter means a no interest letter substantially in the form set out in Schedule E hereto.
No Interest Letter means the no interest letter dated September 23, 2024 provided by the Lender in favour of Denison and the Debtor.
No Interest Letter means a letter, in the form of Exhibit A attached hereto.