Common use of Debt Refinancing Clause in Contracts

Debt Refinancing. The Company shall have completed a refinancing of its bank indebtedness on terms satisfactory to the Purchasers, or all conditions precedent to such completion, other than the consummation of the purchase of Units pursuant to this Agreement, shall have been satisfied.

Appears in 2 contracts

Sources: Unit Purchase Agreement (Pegasus Investors L P), Unit Purchase Agreement (Code Alarm Inc)