Purchase Debt definition
Examples of Purchase Debt in a sentence
The parties hereto agree that they shall cooperate with each other in the preparation of the note evidencing the Purchase Debt.
Agent and Required Lenders hereby consent to Borrowers’ request for Borrowers and Pernix Ireland to enter into the applicable Treximet Note Purchase Documents to which they are party and incur and become obligated with respect to, primarily or secondarily, the Treximet Note Purchase Debt.
Agent and Lenders agree that the entry into the Treximet Note Purchase Documents, the incurrence of the Treximet Note Purchase Debt by Holdings and the guaranty of the Treximet Note Purchase Debt by each other Borrower and Pernix Ireland is not, and shall not be deemed, a Default or Event of Default under the Credit Agreement and is hereby permitted under the Financing Documents.
In addition, Chicago Venture Partners, L.P. (“CVP”) may acquire a security interest in substantially all of our veterinary related assets upon the earlier of CVP purchasing Hercules Debt or the repayment in full of the Hercules Debt, as provided in the Security Agreement, dated June 29, 2017, between the Company and CVP and the Subordination Agreement and Right to Purchase Debt, dated June 29, 2017, by and among the Company, CVP and Hercules.
The Treximet Note Purchase Debt is not Permitted Debt nor a Permitted Contingent Obligation and, thus, consent from Agent and Required Lenders is required.
Borrowers have requested consent from Agent and Required Lenders for Holdings to loan to Pernix Ireland $225,000,000, consisting of 100% of the proceeds of the Treximet Note Purchase Debt plus an additional $5,000,000 in exchange for receipt of the Treximet Intercompany Note.
Borrowers have requested consent from Agent and Required Lenders for Borrowers and Pernix Ireland to enter into the Treximet Note Purchase Documents, to the extent party thereto, and incur and become obligated with respect to, primarily or secondarily, the Treximet Note Purchase Debt.
The Bridge Agent, for itself and on behalf of the Bridge Buyers, agrees that neither Bridge Agent nor any Bridge Buyer shall oppose or seek to challenge any claim by Initial Purchase Agent or any Initial Buyer for allowance in any Insolvency Proceeding of any Initial Purchase Debt, including those consisting of post-petition interest, fees or expenses.
That portion of such $87,715 payment in excess of the amount that would have been paid upon subscription had the Original Limited Partner selected the installment method of paying the subscription price was used by the Partnership to reduce the Purchase Debt.
In connection with any participation or other transfer or assignment of the Bridge Debt or the Initial Purchase Debt, a Buyer Party shall disclose to such participant or other transferee or assignee the existence and terms and conditions of this Agreement.