Third Party Debt Financing definition
Examples of Third Party Debt Financing in a sentence
Upper Holdings indirectly beneficially owns all of the issued and outstanding Equity Securities of Buyer free and clear of any Liens (other than transfer restrictions arising under applicable securities Laws or pursuant to the Existing Senior Loan Agreement or any Third Party Debt Financing).
Upper Holdings will directly or indirectly beneficially own as of the Closing all of the issued and outstanding Equity Securities of the UK Local Buyer, free and clear of any Liens, except (i) restrictions on transfer arising under applicable securities Laws or (ii) pursuant to the Existing Senior Loan Agreement or any Third Party Debt Financing.
For instance, if additional Third Party Debt Financing is required to meet the Company’s capital program provided for in the Business Plan and/or Long Range Plan, the Shareholders may authorize a temporary increase to a 50:50 debt to equity ratio, subject to any restrictions set out in any of the then applicable documents for existing Third Party Debt Financing.
Notwithstanding the forgoing, nothing in this Section 9.10 shall limit, release, waive, modify or otherwise affect (i) any rights of Buyer or its Affiliates against the Third Party Debt Financing Sources or (ii) the liability or obligations of any Third Party Debt Financing Sources, in each case, under any commitment letters or definitive agreements entered into by such Third Party Debt Financing Sources in connection with such debt financing.