PRTH definition

PRTH means Priority Technology Holdings, Inc.
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PRTH means Priority Technology Holdings, Inc. “PRTH Pledge Agreement” means the Equity Holder Pledge and Security Agreement, dated as of the Closing Date, made by PRTH in favor of the Collateral Agent. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). “Qualified Capital Stock” means any Capital Stock that is not Disqualified Capital Stock. “Qualified Designated Restricted Subsidiary Investment” means any Investment made by a Designated Restricted Subsidiary pursuant to Section 6.07; provided that such Investment is not made with the proceeds of any Investment in such Designated Restricted Subsidiary by any Credit Party or Restricted Subsidiary (other than a Designated Restricted Subsidiary). “Qualified ECP Guarantor” means in respect of any Swap Obligations, each Credit Party that, at the time the relevant guaranty (or grant of the relevant security interest, as applicable) becomes or would become effective with respect to such Swap Obligations, has total assets exceeding $10,000,000 or such other Person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and which may cause another Person to qualify as an “eligible contract participant” with respect to such Swap Obligations at such time by entering into a keepwell pursuant to section 1a(18)(A)(v)(II) of the Commodity Exchange Act (or any successor provision thereto). “Qualified Receivables Financing” means any Receivables Financing that meets the following conditions: 1) the Initial Borrower shall have determined in good faith that such Qualified Receivables Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Initial Borrower and its Restricted Subsidiaries, 2) all sales, conveyances, assignments and/or contributions of Receivables Assets by the Initial Borrower or any Restricted Subsidiary to any Receivables Subsidiary and by any Receivables Subsidiary to any other Person are made at fair market value (as determined in good faith by the Borrower Representative), and 3) the financing terms, covenants, termination events and other provisions thereof shall be market terms at the time such Receivables F...
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Examples of PRTH in a sentence

  • All Capital Stock of the Initial Borrower is owned directly by PRTH.

  • Each Borrower shall, and shall cause its Restricted Subsidiaries to, keep its Fiscal Year-end as December 31, unless required by applicable law or to change the Fiscal Year of a Restricted Subsidiary to conform its Fiscal Year to that of PRTH.

  • There shall have been delivered to Administrative Agent (i) from the Borrowers and each other Credit Party, an executed counterpart of this Agreement and each Credit Document to which each is a party to be entered into on the Closing Date, (ii) from PRTH an executed counterpart of the PRTH Pledge Agreement and (iii) from each other party to this Agreement, an executed counterpart of this Agreement.

  • Use commercially reasonable efforts to obtain and maintain in effect Corporate Ratings from each of S&P and Moody’s (it being understood and agreed that in no event shall PRTH, Borrower Representative or any other Credit Party be required to maintain Corporate Ratings of a certain level).