VFT Transaction definition
VFT Transaction means the transaction described in the preliminary Offering Circular of VFT dated September 12, 1996 whereby, among other actions, (i) VFT shall issue and Borrower shall acquire all of the Common Securities, (ii) VFT shall issue the Preferred Securities, (iii) Borrower shall issue to VFT the Convertible Debentures, (iv) Borrower shall have undertaken to file a shelf registration statement in respect of the Preferred Securities, the VFT Guarantee and the Convertible Debentures, and (v) Borrower shall execute and deliver the VFT Guarantee.
Examples of VFT Transaction in a sentence
All information contained in this Amendment regarding the VFT Transaction, including the information contained in the preliminary Offering Circular of VFT dated September 12, 1996, shall be maintained in confidence by IBM Credit and shall not be publicly disclosed to any person or entity.