Second Warehouse Facility definition

Second Warehouse Facility means a loan facility in an amount not to exceed the aggregate Commitments of the Lenders as of the date of determination made to a direct or indirect wholly-owned Subsidiary of Seller that is not also a Subsidiary of Intermediate Seller pursuant to which (x) the Seller sells directly or indirectly certain of its Leases to such Subsidiary, (y) Seller guarantees such loan facility in whole or in part and/or (z) such Leases and the equity interests in such Subsidiary are pledged as collateral. Notwithstanding the foregoing, copies of documents relating to such Second Warehouse Facility shall be provided to the Administrative Agent at least 10 Business Days prior to the execution of such documents, provided that such documents may be provided on a redacted basis if required by the confidentiality provisions of such documents.
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Second Warehouse Facility means a loan facility in an amount not to exceed the aggregate Commitments of the Lenders as of the date of determination made to a direct or indirect wholly-owned Subsidiary of Seller that is not also a Subsidiary of Intermediate Seller pursuant to which (x) the Seller sells directly or indirectly certain of its Leases or Loans to such Subsidiary, (y) Seller guarantees such loan facility in whole or in part and/or (z) such Leases, Loans and the equity interests in such Subsidiary are pledged as collateral. Notwithstanding the foregoing, copies of documents relating to such Second Warehouse Facility shall be provided to the Administrative Agent at least 10 Business Days prior to the execution of such documents, provided that such documents may be provided on a redacted basis if required by the confidentiality provisions of such documents.
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Examples of Second Warehouse Facility in a sentence

  • If the Seller or any Affiliate of Subsidiary thereof enters into any amendment, waiver or modification to the Second Warehouse Facility to include borrowing base eligibility criteria that are more restrictive on the Seller or any Affiliate or Subsidiary thereof than the terms of this Agreement (such modification being referred to as a “Warehouse Modification”), then this Agreement shall automatically be deemed modified to contain such more restricted eligibility criteria.

  • Promptly but in no event more than five Business Days following the execution of any amendment to the Second Warehouse Facility documentation providing for a Warehouse Modification, the Company shall furnish the Administrative Agent and each Lender with a copy of such amendment, including on a redacted basis if required by the confidentiality restrictions of such document.

  • Neither the Seller nor the Company will permit any Affiliate or Subsidiary thereof to enter into a Second Warehouse Facility with borrowing base eligibility criteria that are more restrictive on the Seller or any Affiliate or Subsidiary thereof than the terms of this Agreement.

  • Except pursuant to the Credit Documents none of Parent, Seller or Company shall enter into any Contractual Obligation prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than the Second Warehouse Facility.

  • None of Parent, Seller or Company shall form, create, organize, incorporate or otherwise have any Subsidiaries except for Subsidiaries created by Seller in connection with the Second Warehouse Facility.

  • Except pursuant to the Credit Documents, none of Parent, Seller, FlexLending, Intermediate Seller or Company shall enter into any Contractual Obligation prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than the Second Warehouse Facility, Permitted Parent Indebtedness or a Permitted Channel Partner Program.

  • Verification Agent 45 6.13 Acquisitions of Leases 45 6.14 Independent Manager4 45 6.15 Organizational Agreements and Credit Documents 46 6.16 Changes in Underwriting or Other Policies; Certain Methodologies 46 6.17 Tax Treatment 46 6.18 Lease Forms 46 6.19 Second Warehouse Facility 46 6.20 Restricted Payments 46 SECTION 7.

  • None of Parent, Seller, FlexLending, Intermediate Seller or Company shall form, create, organize, incorporate or otherwise have any Subsidiaries except for Subsidiaries created by Seller in connection with the Second Warehouse Facility or a Permitted Channel Partner Subsidiary.

  • None of Parent, Seller, FlexLending, Intermediate Seller or Company shall form, create, organize, incorporate or otherwise have any Subsidiaries except for Subsidiaries created by Seller in connection with the Second Warehouse Facility, a Permitted Channel Partner Subsidiary or the Revolution Subsidiary Formation.

  • Acquisitions of Leases 62 6.14 Independent Manager 62 6.15 Organizational Agreements and Credit Documents 63 6.16 Changes in Underwriting or Other Policies; Certain Methodologies 64 6.17 Tax Treatment 64 6.18 Lease Forms 64 6.19 Second Warehouse Facility 64 6.20 Restricted Payments 65 SECTION 7.

Related to Second Warehouse Facility

  • Warehouse Facility means any bank credit agreement, repurchase agreement or other credit facility entered into to finance the making of Mortgage loans originated by the Company or any of its Subsidiaries.

  • Purchase Facility has the meaning set forth in Section 1.1 of the Sale Agreement.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Receivables Purchase Facility means any securitization facility made available to the Borrower or any of its Subsidiaries, pursuant to which receivables of the Borrower or any of its Subsidiaries are transferred to one or more SPCs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents.

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Company or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.