New Loan. (a) The Credit Enhancement Provider hereby makes the New Loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the date of this Agreement in an amount equal to $21,052,640, receipt of which is hereby acknowledged by the Trustee.
New Loan. Buyer may apply for mortgage loan financing (the “Loan”) on terms acceptable to Buyer: If an FHA/VA loan applies, see attached FHA/VA Loan Addendum. $ (d) Seller Financing (see attached Seller Financing Addendum) $ (e) Balance of Purchase Price in Cash at Settlement $ PURCHASE PRICE. Total of lines (a) through (e)
New Loan. 5. The Borrower has requested that the Lender make a short-term loan in the original principal amount of $450,000.00 (the “New Loan”) to fund ongoing business operations. Upon the satisfaction of all of the conditions precedent set forth in Paragraph 4 of this Agreement, as determined by the Lender in the Lender’s sole and exclusive discretion, and subject to the terms and conditions of the New Debenture and the Related Documents, the New Loan shall (a) be made by the Lender in accordance with the terms and conditions of the New Debenture and the other Financing Documents, (b) constitute a portion of the Obligations, and (c) be secured by all of the collateral granted to the Lender by the Obligors. The Borrower hereby acknowledges and agrees that (x) the New Loan is a single, one time loan, (y) by making the New Loan the Lender is not agreeing to make any further loans in the future, and (z) will be repaid in full on or before July 29, 2012.
New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2~3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify) ____________________________ If an FHAWA loan applies, see attached FHANA Loan Addendum If the loan is to include any particular terms, then check below and give details: [ ] SPECIFIC LOAN TERMS ________________________
New Loan. Buyer shall be responsible for all costs with respect to any new loan obtained by Xxxxx. Seller shall have no obligation to pay any charge in connection therewith unless specifically set forth in this contract.
New Loan. (i) The Borrower requests a [Tranche A Loan] [Tranche B Loan] [Tranche C Loan] in the amount of $________ on _______________, ____.
New Loan. This agreement is contingent upon buyer's ability to obtain a new loan in the amount of $ . Buyer is not required to accept any loan w ith interest rate exceeding % amortized over years or pay any closing costs or points exceeding $ . Buyer shall provide seller w ith w xxxxxx proof of a loan commitment on or before , 20 .
New Loan. Buyer agrees to apply for a new loan as provided in Section 2.3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify) _______. If an FHA/VA loan applies, see attached FHA/VA Loan Addendum. If the loan is to include any particular terms, then check below and give details: [ ]SPECIFIC LOAN TERMS_____________ $______ (c) Loan Assumption (see attached assumption Addendum if applicable) $89,500 (d) Seller Financing (see attached Seller Financing Addendum if applicable) $_____ (e) Other (specify)___________ $10,000 (f) Balance of Purchase Price in Cash at Settlement $100,000 PURCHASE PRICE. Total of lines (a) through (f)
New Loan. [See Section 4]
New Loan. Buyer shall obtain a new loan set forth in this Section and as follows: XXXX Convention 1/28 Other ____________. This loan will be secured by a ___ first ___ (1st, 2nd, etc.) deed of trust. The total loan amount, not in excess of $2,880,000.00, shall be amortized over a period of _____ years at approximately $________ per month including principal and interest not to exceed ____% per annum, plus, if required by Buyer's lender, a monthly deposit of 1/12 of the estimated annual real estate taxes and property insurance premium. If the loan is an adjustable interest rate or graduated payment loan, the monthly payments and interest rate initially shall not exceed the figures set forth above. Loan discount points, if any, shall be paid to lender at Closing and shall not exceed 0% of the total loan amount. Notwithstanding the loan's interest rate, loan discount points shall be paid by Buyer. Buyer shall timely pay Buyer's loan cost and a loan origination fee not to exceed 3% of the loan amount. c.
