Kansas Sample Purchase Agreement between Simula, Inc., and its subsidiaries and Levine Leichtman Capital Partners II, LP regarding sale and issuance of secured senior notes

• Category: Corporations - Public - Purchase
• State: Multi-State
• Control #: US-EG-9301
• Format: Word; Rich Text

Description

Securities Purchase Agreement between Simula, Inc., certain subsidiaries of Simula, Inc. and Levine Leichtman Capital Partners II, LP regarding the sale and issuance of secured senior notes dated December 31, 1999. 108 pages. Title: Kansas Sample Purchase Agreement: Sale and Issuance of Secured Senior Notes Similarla, Inc. and Levine Leichtman Capital Partners II, LP Keywords: Kansas, Sample Purchase Agreement, sale, issuance, secured senior notes, Similar, Inc., subsidiaries, Levine Eastman Capital Partners II, LP Introduction: The Kansas Sample Purchase Agreement serves as a legally binding document between Similar, Inc., its subsidiaries, and Levine Eastman Capital Partners II, LP. This agreement outlines the terms and conditions for the sale and issuance of secured senior notes. By utilizing this agreement, both parties can establish a mutually beneficial financial relationship while ensuring the necessary protections and obligations are in place. Section 1: Parties This section identifies the involved parties, namely Similar, Inc., and its subsidiaries as the issuing entity, and Levine Eastman Capital Partners II, LP as the purchasing entity. Each entity's rights, representations, and warranties are stated clearly to establish a solid foundation for the agreement. Section 2: Purpose Here, the agreement states the purpose of the transaction, which is the sale and issuance of secured senior notes. It includes details about the intended use of proceeds, any permitted expenditures, and how these funds can contribute to Similar, Inc.'s growth and strategic initiatives. Section 3: Sale and Issuance of Securities This section delves into the particulars of the sale and issuance process. It outlines the principal amount, interest rate, and maturity date of the secured senior notes. Additionally, details regarding the mechanics of the offering, book-entry procedure, and any required registration or qualification are included. Section 4: Collateral and Security To ensure the senior notes' security, this section discusses the collateral pledged by Similar, Inc., and its subsidiaries. It outlines the scope of pledged assets, their valuation, and the creation of necessary security interests. Furthermore, terms related to insurance, maintenance of collateral, and covenants are detailed to protect the interests of both parties. Section 5: Terms and Conditions This section covers various terms and conditions relevant to the agreement, such as the payment and prepayment obligations, events of default, remedies, and rights of the purchasing entity. It establishes the procedural framework for defaults, remedies, and how both parties can address any breaches or disputes that may arise. Section 6: Representations and Covenants Both Similar, Inc., and Levine Eastman Capital Partners II, LP make various representations and covenants within this section. These include the accuracy of financial statements, compliance with laws and regulations, and maintaining adequate insurance, amongst others. These representations and covenants ensure transparency, compliance, and mutual understanding between the involved parties. Section 7: Governing Law and Jurisdiction This section establishes the legal framework governing the agreement. It stipulates the choice of Kansas as the governing law and provides guidance on the jurisdiction in case of litigation or any similar proceedings. Conclusion: The Kansas Sample Purchase Agreement between Similar, Inc., and its subsidiaries and Levine Eastman Capital Partners II, LP for the sale and issuance of secured senior notes is vital to facilitate a transparent and secure financial transaction. By abiding by the terms and conditions outlined in the agreement, both parties can forge a beneficial partnership based on trust, accountability, and shared goals.

Title: Kansas Sample Purchase Agreement: Sale and Issuance of Secured Senior Notes Similarla, Inc. and Levine Leichtman Capital Partners II, LP Keywords: Kansas, Sample Purchase Agreement, sale, issuance, secured senior notes, Similar, Inc., subsidiaries, Levine Eastman Capital Partners II, LP Introduction: The Kansas Sample Purchase Agreement serves as a legally binding document between Similar, Inc., its subsidiaries, and Levine Eastman Capital Partners II, LP. This agreement outlines the terms and conditions for the sale and issuance of secured senior notes. By utilizing this agreement, both parties can establish a mutually beneficial financial relationship while ensuring the necessary protections and obligations are in place. Section 1: Parties This section identifies the involved parties, namely Similar, Inc., and its subsidiaries as the issuing entity, and Levine Eastman Capital Partners II, LP as the purchasing entity. Each entity's rights, representations, and warranties are stated clearly to establish a solid foundation for the agreement. Section 2: Purpose Here, the agreement states the purpose of the transaction, which is the sale and issuance of secured senior notes. It includes details about the intended use of proceeds, any permitted expenditures, and how these funds can contribute to Similar, Inc.'s growth and strategic initiatives. Section 3: Sale and Issuance of Securities This section delves into the particulars of the sale and issuance process. It outlines the principal amount, interest rate, and maturity date of the secured senior notes. Additionally, details regarding the mechanics of the offering, book-entry procedure, and any required registration or qualification are included. Section 4: Collateral and Security To ensure the senior notes' security, this section discusses the collateral pledged by Similar, Inc., and its subsidiaries. It outlines the scope of pledged assets, their valuation, and the creation of necessary security interests. Furthermore, terms related to insurance, maintenance of collateral, and covenants are detailed to protect the interests of both parties. Section 5: Terms and Conditions This section covers various terms and conditions relevant to the agreement, such as the payment and prepayment obligations, events of default, remedies, and rights of the purchasing entity. It establishes the procedural framework for defaults, remedies, and how both parties can address any breaches or disputes that may arise. Section 6: Representations and Covenants Both Similar, Inc., and Levine Eastman Capital Partners II, LP make various representations and covenants within this section. These include the accuracy of financial statements, compliance with laws and regulations, and maintaining adequate insurance, amongst others. These representations and covenants ensure transparency, compliance, and mutual understanding between the involved parties. Section 7: Governing Law and Jurisdiction This section establishes the legal framework governing the agreement. It stipulates the choice of Kansas as the governing law and provides guidance on the jurisdiction in case of litigation or any similar proceedings. Conclusion: The Kansas Sample Purchase Agreement between Similar, Inc., and its subsidiaries and Levine Eastman Capital Partners II, LP for the sale and issuance of secured senior notes is vital to facilitate a transparent and secure financial transaction. By abiding by the terms and conditions outlined in the agreement, both parties can forge a beneficial partnership based on trust, accountability, and shared goals.