Vendor Financing Facility definition

Vendor Financing Facility means any agreements between the Company or a Restricted Subsidiary of the Company and one or more vendors or lessors of equipment or other capital assets to the Company or any of its Restricted Subsidiaries (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Company or any such Restricted Subsidiary of equipment or other capital assets from any such vendor or lessor.

Vendor Financing Facility means any arrangement among the Borrower and a Vendor Financing Lender whereby the Vendor Financing Lender makes payment on behalf of the Borrower of amounts payable by the Borrower to its suppliers and vendors.

Vendor Financing Facility means any agreements between Globalstar, Globalstar Capital and/or any Restricted Subsidiary and one or more vendors or lessors of equipment to Globalstar, Globalstar Capital and/or any Restricted Subsidiary (or any affiliate of any such vendor or lessor) providing financing for the acquisition by Globalstar or any such Restricted Subsidiary of equipment from any such vendor or lessor.

Examples of Vendor Financing Facility in a sentence

• The Borrower and its Subsidiaries shall use the proceeds of the Loans (I) to finance Capital Expenditures not covered by the Vendor Financing Facility, operating losses and working capital requirements; and (II) to pay cash interest.

• With respect to any Loans hereunder that are extended to the Borrower, the Borrower shall cause each of its subsidiaries (as specified by the Lenders, but excluding any Unrestricted Subsidiaries of ATTL) to execute and to deliver to the Lenders a subordinated guaranty in form and substance reasonably acceptable to the Lenders, as promptly as practicable after the date on which the issuance of such guaranties is permitted under the Vendor Financing Facility.

• With respect to any Loan hereunder that is extended to any Borrowing Subsidiary, (i) the Borrower shall execute and deliver to the Lenders a guaranty in form and substance reasonably acceptable to the Lenders, and (ii) the Lenders acknowledge and agree that the Borrower may, or may cause such Borrowing Subsidiary to, pledge to the Collateral Agent under the Vendor Financing Facility the note or notes evidencing such Loan, to the extent required under the Common Agreement.

More Definitions of Vendor Financing Facility

Vendor Financing Facility means any agreements between the Company or a Restricted Subsidiary of the Company and one or more vendors or lessors of equipment to the Company or any of its Restricted Subsidiaries (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Company or any such Restricted Subsidiary of equipment from any such vendor or lessor.

Vendor Financing Facility has the meaning specified in Section 1 of the Borrower Security Agreement.

Vendor Financing Facility means any agreements between the Corporation or a Restricted Subsidiary of the Corporation and one or more vendors or lessors of equipment to the Corporation or any of its Restricted Subsidiaries (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Corporation or any such Restricted Subsidiary of equipment from any such vendor or lessor.

Vendor Financing Facility means any agreements between Iridium and/or any Subsidiary of Iridium and one or more vendors or lessors of equipment to Iridium and/or any Subsidiary (or any affiliate of any such vendor or lessor) providing financing for the acquisition by Iridium or any such Subsidiary of equipment or services from any such vendor or lessor.

Vendor Financing Facility means (i) any agreements between the Company and/or any Restricted Subsidiary and one or more vendors or lessors of the Company and/or any Restricted Subsidiary (or any affiliate of any such vendor or lessor) providing financing for the acquisition by the Company or any such Restricted Subsidiary of inventory, equipment or other assets used in the business of the Company and/or any Restricted Subsidiary and (ii) the existing agreement between the Company and INAC, Inc. providing financing for the insurance premiums for certain insurance policies of the Company and its Restricted Subsidiaries.

Vendor Financing Facility means any credit facilities of any member of the Group to finance the purchase or use of equipment, software and/or services provided by the vendors thereof, PROVIDED such facility is not secured by any assets other than the assets acquired from such vendor or vendors by Borrower or its Subsidiaries in connection with such facility as permitted by this Agreement.

Vendor Financing Facility means any agreement(s) between the Company or a Restricted Subsidiary of the Company and one or more vendors, banks, financial institution, companies, lessors or other third parties (or any affiliate of such Persons) providing financing for the acquisition (whether by lease, purchase or otherwise), construction, installation or leasing by the Company or such Restricted Subsidiary of any equipment or capital assets, and shall include, without limitation, additional financing or working capital that is made available to the Company as part of such "vendor financing" to facilitate and for the purpose of the construction or installation of the Company's PCS telecommunications network; provided that, notwithstanding the foregoing, a Vendor Financing Facility shall not include financing or working capital that is provided to the Company by any Person(s) (x) pursuant to private placements of debentures issued by the Company under Section 4(2) of the Securities Act or (y) pursuant to capital market transactions involving private placements or public sales of notes, bonds or debentures issued by the Company.