Examples of Syndicated in a sentence
The Syndicated Line appears to be secured by a perfected blanket lien on all of each Debtors’ assets pursuant to a recorded UCC-1 financing statement.
Accordingly, for the limited purpose of this Motion, the Debtors acknowledge that the Syndicated Line is secured with a first priority lien on the commercial paper held by the Debtors.
The Syndicated Line is junior to certain blanket liens held by floorplan lenders of the Debtors that operate dealerships, including Automotive Finance Corporation, Nextgear Capital, Inc., and Grandsouth Bank (collectively, the “ Floorplan Lenders”).
The Relevant Dealers have undertaken, pursuant to a Subscription Agreement for a Syndicated Issue between EIB and the Relevant Dealers, dated on or about 17th January 2017 (the “Subscription Agreement”), that the offer of the Bonds in the Republic of Italy (the “Offer”) will be coordinated by the Relevant Dealers and will be open through entities acting as distributors appointed by the Relevant Dealers (the “Distributors”) to the public during the Offer Period (as defined below).
The Syndicated RCF has an initial term of 5 years with extension options and a variable interest rate of SARON plus 1.45%-1.95%.