Franklin Ohio 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
• County: Franklin
• 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: Franklin Ohio Sample Purchase Agreement: Similar, Inc. and Levine Eastman Capital Partners II, LP for Sale and Issuance of Secured Senior Notes Introduction: The following is a detailed description of the Franklin Ohio Sample Purchase Agreement entered into by Similar, Inc., and its subsidiaries, with Levine Eastman Capital Partners II, LP. The agreement pertains to the sale and issuance of secured senior notes, representing a significant financial transaction between the parties involved. 1. Agreement Parties: a) Seller: Similar, Inc., and its subsidiaries (hereinafter referred to as "Similar") b) Buyer: Levine Eastman Capital Partners II, LP (hereinafter referred to as "LACP") 2. Sale and Issuance of Secured Senior Notes: This Franklin Ohio Sample Purchase Agreement outlines the terms and conditions surrounding the sale and issuance of secured senior notes by Similar to LACP. These notes serve as a form of debt financing that provides Similar with capital in exchange for interest payments and eventual repayment of the principal amount. 3. Key Provisions: The agreement contains various provisions aimed at protecting the interests of both parties, ensuring mutual understanding and obligations. Notable provisions include: — Principal Amount: Specifies the total dollar value of the senior notes being sold by Similar to LACP. — Term: Specifies the duration of the notes, including the start and end dates. — Interest Rate: Defines the rate at which Similar is obligated to pay interest to LACP on the senior notes. — Security and Collateral: Outlines the assets or collateral pledged by Similar as security for the senior notes. — Maturity Date: Identifies the date on which the senior notes will mature, requiring Similar to repay the principal amount to LACP. — Events of Default: Enumerates the circumstances under which Similar may be considered in default, allowing LACP to take appropriate actions. — Governing Law and Jurisdiction: Specifies the applicable laws and jurisdiction under which any disputes arising from the agreement will be settled. 4. Additional Types of Franklin Ohio Sample Purchase Agreements: Apart from the primary Franklin Ohio Sample Purchase Agreement, variations may arise depending on specific circumstances and requirements. Possible types include: — Subordinated Senior Notes Purchase Agreement: Describes a purchase agreement that provides a lower priority level of security in exchange for subordinated senior notes. — Convertible Senior Notes Purchase Agreement: Governs the sale and issuance of senior notes that can be converted into equity or other securities at the discretion of the note holder. Conclusion: The Franklin Ohio Sample Purchase Agreement between Similar, Inc., and its subsidiaries and Levine Eastman Capital Partners II, LP regarding the sale and issuance of secured senior notes highlights the significant financial transaction between the parties. This comprehensive agreement governs the terms, obligations, and protections to ensure a smooth transaction and mutual benefit for both Similar and LACP.

Title: Franklin Ohio Sample Purchase Agreement: Similar, Inc. and Levine Eastman Capital Partners II, LP for Sale and Issuance of Secured Senior Notes Introduction: The following is a detailed description of the Franklin Ohio Sample Purchase Agreement entered into by Similar, Inc., and its subsidiaries, with Levine Eastman Capital Partners II, LP. The agreement pertains to the sale and issuance of secured senior notes, representing a significant financial transaction between the parties involved. 1. Agreement Parties: a) Seller: Similar, Inc., and its subsidiaries (hereinafter referred to as "Similar") b) Buyer: Levine Eastman Capital Partners II, LP (hereinafter referred to as "LACP") 2. Sale and Issuance of Secured Senior Notes: This Franklin Ohio Sample Purchase Agreement outlines the terms and conditions surrounding the sale and issuance of secured senior notes by Similar to LACP. These notes serve as a form of debt financing that provides Similar with capital in exchange for interest payments and eventual repayment of the principal amount. 3. Key Provisions: The agreement contains various provisions aimed at protecting the interests of both parties, ensuring mutual understanding and obligations. Notable provisions include: — Principal Amount: Specifies the total dollar value of the senior notes being sold by Similar to LACP. — Term: Specifies the duration of the notes, including the start and end dates. — Interest Rate: Defines the rate at which Similar is obligated to pay interest to LACP on the senior notes. — Security and Collateral: Outlines the assets or collateral pledged by Similar as security for the senior notes. — Maturity Date: Identifies the date on which the senior notes will mature, requiring Similar to repay the principal amount to LACP. — Events of Default: Enumerates the circumstances under which Similar may be considered in default, allowing LACP to take appropriate actions. — Governing Law and Jurisdiction: Specifies the applicable laws and jurisdiction under which any disputes arising from the agreement will be settled. 4. Additional Types of Franklin Ohio Sample Purchase Agreements: Apart from the primary Franklin Ohio Sample Purchase Agreement, variations may arise depending on specific circumstances and requirements. Possible types include: — Subordinated Senior Notes Purchase Agreement: Describes a purchase agreement that provides a lower priority level of security in exchange for subordinated senior notes. — Convertible Senior Notes Purchase Agreement: Governs the sale and issuance of senior notes that can be converted into equity or other securities at the discretion of the note holder. Conclusion: The Franklin Ohio Sample Purchase Agreement between Similar, Inc., and its subsidiaries and Levine Eastman Capital Partners II, LP regarding the sale and issuance of secured senior notes highlights the significant financial transaction between the parties. This comprehensive agreement governs the terms, obligations, and protections to ensure a smooth transaction and mutual benefit for both Similar and LACP.