Term F Note definition
Examples of Term F Note in a sentence
At the request of any Lender, Borrowers shall deliver a Term B Note, Term C Note, Term D Note, Term E Note, Term F Note or Term G Note in the principal amount equal to such Lender’s Term B Loans, Term C Loans, Term D Loans, Term E Loans, Term F Loans or Term G Loans, as applicable, to such Lender.
The net proceeds to be received by the Company from the issuance and sale of the Term F Note hereunder shall be used solely for the purpose of purchasing and carrying motor vehicle installment contracts.
At the closing, the Company shall deliver to the Purchaser the Term F Note, duly executed by the Company, against delivery by the Purchaser of the Term F Note Purchase Price (net of amounts permitted to be withheld pursuant to Sections 4(a)(vii)) by wire transfer in immediately available funds to such bank as the Company may request in writing (which request shall be made in writing at least one (1) Business Day prior to the Fourth Amendment Effective Date).
The Purchaser shall have delivered to the Company the Term F Note Purchase Price, less the fees, costs and expenses to be reimbursed by the Company under Section 4(a)(vii).
The Company has the requisite power and authority to issue, sell, deliver and perform its obligations under the Term F Note.
No Default or Event of Default has occurred and is continuing or would result from the execution, delivery or performance of this Amendment or any other Amendment Document, the issuance, sale or delivery of the Term F Note or the consummation of the other transactions contemplated hereby or thereby.
The amendment set forth in Section 1 above shall amend the Term F Note on and as of the date hereof, and the Term F Note shall remain in full force and effect, as amended thereby, from and after the date hereof in accordance with its terms.
The consummation of the transactions contemplated by this Amendment (including the purchase by the Purchaser of the Term F Note) shall not be prohibited by or violate any Applicable Laws and shall not subject any party to any Tax, penalty or liability, under or pursuant to any Applicable Laws.
The execution, delivery and performance by the Company and the Subsidiary Guarantors of this Amendment and each other Amendment Documents to which it is a party (or which it has consented to or acknowledged), the issuance, sale and delivery of the Term F Note and the consummation of the other transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on the part of the Company and the Subsidiary Guarantors, as applicable.
Subject to the terms and conditions contained herein, and in reliance upon the representations, warranties, covenants and agreements contained herein, on the Fourth Amendment Effective Date (as defined below), the Company shall issue, sell and deliver to the Purchaser, and the Purchaser shall purchase from the Company, the Term F Note.