WFF Facility definition
Examples of WFF Facility in a sentence
Except as permitted under the WFF Facility, at all times preserve and keep in full force and effect the Company’s and each Subsidiary of the Company’s valid existence and good standing and any rights and franchises material to their businesses.
Except as permitted under the WFF Facility, at all times preserve and keep in full force and effect the Company's and each Subsidiary of the Company's valid existence and good standing and any rights and franchises material to their businesses.
The Buyers hereby consent to (i) the terms, conditions and amendments set forth in this Agreement and the other Transaction Documents, (ii) the consummation of the transactions contemplated hereby, in each case, as required by the terms of the Amended Note and (iii) the consummation of the transactions contemplated by the WFF Facility and the Watershed Facility.
The Company will use the proceeds from the sale of the Securities to pay down a portion of the Company's revolving credit facility (without permanent reduction thereof) and $1.5 million of the Company's Term A Loan under the WFF Facility, and to fund working capital requirements and other general corporate purposes, in the manner mutually agreed to by the Company and the Buyers prior to Closing.
Purchaser shall have obtained the release of any collateral posted by Sellers under Sellers' DIP Facility or Sellers' WFF Facility, all in accordance with Section 5.03.
Borrower will comply with the terms and conditions of the CSF Facility, the UBS Facility, the WFF Facility, the TFC Facility and the TFC Conduit Loan.
Purchaser shall cause the release of any collateral posted by Sellers under Sellers' DIP Facility and Sellers' WFF Facility to secure the letters of credit and surety bonds listed on Section 5.03 of Sellers' Disclosure Schedule, and any replacements thereof, and any other surety bonds arising in the Ordinary Course of Business subsequent to the date of this Agreement up to an aggregate amount of $200,000, which collateral shall constitute Excluded Assets.
The Company, and Core Business Funding, LLC, shall have terminated all obligations of any Acquired Company under the WFF Facility, and the Parent or the Company shall have delivered evidence of such termination reasonably satisfactory to the Buyer and its counsel and accountants.
The Company will use the proceeds from the sale of the Securities to pay down a portion of the Company’s revolving credit facility (without permanent reduction thereof) and $1.5 million of the Company’s Term A Loan under the WFF Facility, and to fund working capital requirements and other general corporate purposes, in the manner mutually agreed to by the Company and the Buyers prior to Closing.