Examples of Subsidiary Obligors in a sentence
Additional Subsidiary Obligors may accede to the APMSA by entering into an accession letter (substantially in form set out in the APMSA) with the Platform Provider and the Obligors’ Parent, and an existing Subsidiary Obligor may cease to be a “Buyer Entity” for the purposes of the APMSA if the Platform Provider or Obligors’ Parent provides written notice to such effect and subject to the terms of the Agency and Account Bank Agreement.
Under the terms of the APMSA, the Obligors (which, in the context of this section entitled “SCF Platform Documents” shall include reference to the Obligors’ Parent, the eligible Subsidiary Obligors and Virgin Media Ireland Ltd.) are “Buyer Entities” who may upload Electronic Data Files containing details of Receivables on to the SCF Platform to enable the purchase by the Platform Provider of such Receivables (and the Parent Payment Obligations arising in respect thereof) from the relevant Supplier.
Each Payment Obligation will be the joint and several obligation of VMIH and each of the Subsidiary Obligors.
Additional Subsidiary Obligors may accede to the APMSA by entering into an accession letter (substantially in form set out in the APMSA) with the Platform Provider and the Obligors’ Parent, and an existing Subsidiary Obligor may cease to be a “Buyer Entity” for the purposes of the APMSA if the Platform Provider or Obligors’ Parent provides written notice to such effect.
In connection with any SCF Platform Addition, VMIH and the Subsidiary Obligors may enter into additional accounts payable management services agreements (or equivalent) and the Issuer may (and upon request by VMIH, shall) enter into one or more additional receivables assignment agreements (or equivalent), pursuant to which the Issuer will purchase eligible VM Accounts Receivable from such additional Platform Provider.