Note Purchase Facility definition
Examples of Note Purchase Facility in a sentence
In addition, the Borrowers shall prepay the Loans and Cash Collateralize the L/C Obligations in an amount equal to the Net Proceeds (other than, with respect only to the Note Purchasers Priority Collateral, such portion of the Net Proceeds that are then required to be paid to the Note Purchasers under the Note Purchase Facility) received by a Loan Party on account of a Prepayment Event, irrespective of whether or not a Cash Dominion Event then exists and is continuing.
Upon the receipt of (x) the contents of the Blocked Accounts, and (y) such accounting and/or written confirmation, the Collateral Agent agrees to promptly remit to the agent under the Note Purchase Facility the proceeds of the Note Purchasers Priority Collateral received by the Collateral Agent.
IN WITNESS WHEREOF, Investor and the Company have caused their respective signature pages to this Note Purchase Facility Agreement to be duly executed as of the date first written above.