Vendor Trust definition

Vendor Trust the trust created under the Vendor Trust Documents pursuant to which approved Trade Creditors can contribute up to $150,000,000 of outstanding and unpaid Trade Payables owed to such Trade Creditor into the trust in exchange for interests in such trust.
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Vendor Trust means that certain trust established pursuant to the Vendor Trust Agreement.
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Examples of Vendor Trust in a sentence

  • Nothing herein shall be deemed to impair, waive, discharge or negatively impact the priority payments or rights of the Vendor Trustee under the Vendor Trust Agreement, or any document, instruments or agreements ancillary to the Vendor Trust Agreement, each of which shall survive the consummation of the Merger and the termination of this Agreement until terminated in accordance with their respective terms.

  • The proceeds of Notes issued in any Subsequent Closing shall be used only for (a) the working capital of the Obligors and other general corporate purposes not in violation of this Agreement, (b) payment of amounts required to be paid under the Vendor Trust Documents, and (c) otherwise as consented to by the Majority Purchasers.

  • The Company shall cause to be mailed to each holder of record of Company Converting Debt (including without limitation the Vendor Trust) a letter of transmittal in substantially the form attached hereto as Exhibit H (the “Converting Debt Letter of Transmittal”) which shall (i) have customary representations and warranties as to title, authorization, execution and delivery and (ii) acknowledge the treatment of the Company Converting Debt as set forth in this Agreement.