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: Michigan Sample Purchase Agreement between Similar, Inc. and Levine Eastman Capital Partners II, LP — Sale and Issuance of Secured Senior Notes Keywords: Michigan, sample purchase agreement, Similar Inc., Levine Eastman Capital Partners II LP, sale, issuance, secured senior notes Introduction: This is a detailed description of the Michigan Sample Purchase Agreement between Similar, Inc., a company based in Michigan, and its subsidiaries and Levine Eastman Capital Partners II, LP. The agreement pertains to the sale and issuance of secured senior notes, outlining the terms and conditions for the transaction. 1. Agreement Overview: This Michigan Sample Purchase Agreement is a legally binding contract between Similar, Inc. and Levine Eastman Capital Partners II, LP. It governs the sale and issuance of secured senior notes by Similar, Inc. to Levine Eastman Capital Partners II, LP. 2. Parties to the Agreement: a. Similar, Inc.: Similar, Inc. is a Michigan-based company involved in manufacturing and distribution. b. Subsidiaries: The agreement also includes Similar, Inc.'s subsidiary entities that are part of the transaction. c. Levine Eastman Capital Partners II, LP: Levine Eastman Capital Partners II, LP is a private equity investment firm with expertise in strategic acquisitions. 3. Sale and Issuance of Secured Senior Notes: The primary purpose of this agreement is to facilitate the sale and issuance of secured senior notes by Similar, Inc. to Levine Eastman Capital Partners II, LP. The notes will be issued as per the terms and conditions outlined in the agreement. 4. Terms and Conditions: The agreement contains detailed terms and conditions, including: a. Purchase Price: The agreed-upon amount that Levine Eastman Capital Partners II, LP will pay to acquire the secured senior notes. b. Security Interest: The assets pledged by Similar, Inc. as collateral to secure the senior notes. c. Maturity Date: The date on which the senior notes will mature, indicating the repayment period. d. Interest Rate: The fixed or variable interest rate applicable to the senior notes. e. Events of Default: Situations that, if triggered, entitle Levine Eastman Capital Partners II, LP to accelerate the payment of the senior notes. f. Governing Law: The agreement will be governed by the laws of the state of Michigan. Types of Michigan Sample Purchase Agreements regarding sale and issuance of secured senior notes: 1. Michigan Sample Purchase Agreement — Secured Senior Note— - Type A: This agreement template may outline specific terms tailored for a particular industry or financial transaction. 2. Michigan Sample Purchase Agreement — Secured Senior Note— - Type B: This agreement template may cover different terms and conditions, catering to a distinct set of financing arrangements or collateral requirements. Conclusion: The Michigan Sample Purchase Agreement between Similar, Inc. and Levine Eastman Capital Partners II, LP regarding the sale and issuance of secured senior notes establishes the framework for the transaction and governs the rights, obligations, and terms associated with the purchase. The agreement is binding and provides clarity to both parties involved in the transaction.
Title: Michigan Sample Purchase Agreement between Similar, Inc. and Levine Eastman Capital Partners II, LP — Sale and Issuance of Secured Senior Notes Keywords: Michigan, sample purchase agreement, Similar Inc., Levine Eastman Capital Partners II LP, sale, issuance, secured senior notes Introduction: This is a detailed description of the Michigan Sample Purchase Agreement between Similar, Inc., a company based in Michigan, and its subsidiaries and Levine Eastman Capital Partners II, LP. The agreement pertains to the sale and issuance of secured senior notes, outlining the terms and conditions for the transaction. 1. Agreement Overview: This Michigan Sample Purchase Agreement is a legally binding contract between Similar, Inc. and Levine Eastman Capital Partners II, LP. It governs the sale and issuance of secured senior notes by Similar, Inc. to Levine Eastman Capital Partners II, LP. 2. Parties to the Agreement: a. Similar, Inc.: Similar, Inc. is a Michigan-based company involved in manufacturing and distribution. b. Subsidiaries: The agreement also includes Similar, Inc.'s subsidiary entities that are part of the transaction. c. Levine Eastman Capital Partners II, LP: Levine Eastman Capital Partners II, LP is a private equity investment firm with expertise in strategic acquisitions. 3. Sale and Issuance of Secured Senior Notes: The primary purpose of this agreement is to facilitate the sale and issuance of secured senior notes by Similar, Inc. to Levine Eastman Capital Partners II, LP. The notes will be issued as per the terms and conditions outlined in the agreement. 4. Terms and Conditions: The agreement contains detailed terms and conditions, including: a. Purchase Price: The agreed-upon amount that Levine Eastman Capital Partners II, LP will pay to acquire the secured senior notes. b. Security Interest: The assets pledged by Similar, Inc. as collateral to secure the senior notes. c. Maturity Date: The date on which the senior notes will mature, indicating the repayment period. d. Interest Rate: The fixed or variable interest rate applicable to the senior notes. e. Events of Default: Situations that, if triggered, entitle Levine Eastman Capital Partners II, LP to accelerate the payment of the senior notes. f. Governing Law: The agreement will be governed by the laws of the state of Michigan. Types of Michigan Sample Purchase Agreements regarding sale and issuance of secured senior notes: 1. Michigan Sample Purchase Agreement — Secured Senior Note— - Type A: This agreement template may outline specific terms tailored for a particular industry or financial transaction. 2. Michigan Sample Purchase Agreement — Secured Senior Note— - Type B: This agreement template may cover different terms and conditions, catering to a distinct set of financing arrangements or collateral requirements. Conclusion: The Michigan Sample Purchase Agreement between Similar, Inc. and Levine Eastman Capital Partners II, LP regarding the sale and issuance of secured senior notes establishes the framework for the transaction and governs the rights, obligations, and terms associated with the purchase. The agreement is binding and provides clarity to both parties involved in the transaction.