Purchase Money Financing Sample Clauses

Purchase Money Financing. Unless Buyer pays all cash for the Property, this Agreement is subject to Buyer qualifying for purchase money financing offered by University Credit Union, the Authorized Lender appointed by Seller pursuant to the PUHLP. Seller, in its sole discretion reasonably exercised, shall determine whether Buyer qualifies for such financing. Buyer agrees to pay Seller’s Document Preparation Fee at the Close, not to exceed $250.00, and to pay all other costs for the Loan(s) shown on Buyer’s Good Faith Estimate(s) prepared by Seller and/or Seller’s Authorized Lender in connection with said financing including, but not limited to, a Lender’s Title Policy. Terms of financing shall be as agreed to by Buyer, Seller and Seller’s Authorized Lender, as set forth in separate Loan Documents to be delivered to Buyer by Seller’s Authorized Lender or Seller no later than five (5) days following the Effective Date. The Installment Note for the First Trust Deed shall be in the principal amount provided in the Recitals above. Such Note shall be secured by a first lien on the Property using a First Deed of Trust. If Second Trust Deed Financing is indicated in the Recitals above, a Second Installment Note secured by a Second Deed of Trust shall be in the principal amount shown, payable on terms and conditions agreed to by Seller and Buyer. Notwithstanding any provision contained in the CC&Rs and/or Ground Lease to the contrary, Buyer agrees and understands that Buyer is prohibited from seeking purchase money financing from any source not authorized by the PUHLP. Buyer acknowledges and accepts that as an inducement for Seller’s Authorized Lender to participate in the PUHLP, Seller has agreed to provide to the Authorized Lender as additional security for Buyer’s purchase money financing a guarantee of Buyer’s performance of Buyer’s obligations under the First Installment Note exercisable by Seller’s Authorized Lender in the event of a default by Buyer under the First Installment Note. Buyer further acknowledges and agrees that in the event of Buyer’s default, the First Installment Note and First Deed of Trust may be assigned to Seller and Seller shall be entitled to legally enforce said instruments. Seller, at its sole option, may modify or substitute new or additional security to Seller’s Authorized Lender at any time
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Purchase Money Financing. If (i) the Residential Component consists of condominiums, and (ii) the Redeveloper shall have not secured the participation of an investor for the Residential Component pursuant to Section 502 of Exhibit B hereof, the Redeveloper, shall have the right, by written notice to the Board delivered not less than ten (10) days prior to the Closing Date, to pay the Residential Price in three (3) installments, the first installment in the amount of $2,500,000.00 to be paid on the Closing Date, the second installment in the amount of $1,420,000.00 and third installment in the amount of $2,830,000.00 to be paid on the second and third anniversaries of the Closing Date, respectively. In the event that the Redeveloper elects to pay the Residential Price as provided in the preceding sentence:
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Purchase Money Financing. Section 7.02(j)(A) of the Credit Agreement is hereby amended by replacing “$100,000,000” with the following: “(x) $100,000,000 at any time that any 2012 Incremental Term Facility Commitments or any portion of any 2012 Incremental Term Facility Loans remain outstanding and (y) $200,000,000 after termination of the 2012 Incremental Term Facility Commitments and, to the extent there are any 2012 Incremental Term Facility Loans outstanding, repayment in full of such 2012 Incremental Term Facility Loans”.
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Purchase Money Financing. “Purchase Money Financing” means financing obtained by Borrower to purchase tangible personal property in an amount not to exceed $250,000.
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Purchase Money Financing. To the extent that Secured Party has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire specific types or items of Collateral, Secured Party may at its option pay such funds (i) directly to the person or entity from whom Debtor will make such purchase or acquire such rights or (ii) to Debtor, in which case Debtor covenants promptly to pay the same to such person or entity and forthwith furnish to Secured Party, on request, evidence satisfactory to Secured Party that such payment has been made from the funds so provided by Secured Party for such payment.
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Purchase Money Financing. Section 2 of the Contract is hereby deleted in its entirety and replaced with the following:
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Purchase Money Financing. The granting on behalf of Owner or the Venture of any purchase money financing to the purchasers of the subject Property or any portion thereof.
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Purchase Money Financing. Lender agrees to subordinate its security ------------------------ interest granted herein on Equipment and Fixtures which is subject to Indebtedness for purchase money financing permitted by Section 4.7(c). ARTICLE 9 - LENDER AS BORROWERS' ATTORNEY-IN-FACT:
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Related to Purchase Money Financing

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Leasehold Financing Notwithstanding anything to the contrary contained in the Lease, Tenant shall have the right, without Landlord’s consent to encumber the leasehold estate created under the Lease and/or to grant a security interest in Tenant’s removable trade fixtures, furnishings and equipment located within the Leased Premises (but not to encumber Landlord’s fee interest in the Premises), to secure financing provided to Tenant by any bank, thrift institution, insurance company or other institutional lender. Tenant agrees to notify Landlord of any such encumbrance. With respect to any such leasehold financing (and provided that Tenant is not in default under the Lease beyond any applicable notice or cure period), upon thirty (30) days’ prior written request from Tenant, Landlord will execute and deliver to the secured lender a “Landlord’s Agreement” in the form attached hereto as Exhibit “A-1”.

  • Refinancing Debt Borrowed Money that is the result of an extension, renewal or refinancing of Debt permitted under Section 10.2.1(b), (d) or (f).

  • Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Financings There are no other financings currently pending or contemplated by the Company.

  • Indebtedness; Liens The Borrower shall not create, incur, assume or suffer to exist any Indebtedness other than the Obligations. The Borrower shall not create, incur or permit to exist any Lien in or on any of the Collateral subject to the Lien granted by the Borrower pursuant to this Agreement, other than Permitted Liens.

  • Permitted Debt Create, incur, guarantee or suffer to exist any Debt, except:

  • Existing Debt Set forth on Schedule 4.01(n) hereto is a complete and accurate list of all Existing Debt, showing as of the date hereof the obligor and the principal amount outstanding thereunder, the maturity date thereof and the amortization schedule therefor.

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