Owner Financing. Owner may from time to time, directly or indirectly, create or otherwise cause to exist any Fee Mortgage upon the Golf Courses or any portion thereof or interest therein (including direct or indirect interests in Owner which are pledged pursuant to a mezzanine loan or other financing arrangement). This Agreement is and at all times shall be subject and subordinate to any Existing Fee Mortgage and any other Fee Mortgage which may hereafter affect the Golf Courses or any portion thereof or interest therein and in each case to all renewals, modifications, consolidations, replacements, restatements and extensions thereof or any parts or portions thereof. If, in connection with obtaining any Fee Mortgage or entering into any agreement relating thereto, Owner shall request in writing (a) reasonable cooperation from User or (b) reasonable amendments or modifications to this Agreement, in each case required to comply with any reasonable request made by a Fee Mortgagee, User shall reasonably cooperate with such request, so long as (i) no default in any material respect by Owner beyond applicable cure periods is continuing, (ii) all reasonable documented out-of-pocket costs and expenses incurred by User in connection with such cooperation, including, but not limited to, its reasonable documented attorneys’ fees, shall be paid by Owner and (iii) any requested action, including any amendments or modifications of this Agreement, shall not (A) increase User’s monetary obligations under this Agreement by more than a de minimis extent, or increase User’s non-monetary obligations under this Agreement in any material respect, or decrease Owner’s obligations under this Agreement in any material respect, (B) diminish User’s rights under this Agreement in any material respect, (C) adversely impact the value of the Golf Courses by more than a de minimis extent or otherwise have a more than de minimis adverse effect on the Golf Courses, User or Owner, or (D) result in a default under any Permitted User Security Instrument.
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Owner Financing. Select acknowledges that Owner intends to finance the construction, development, furnishing and equipping of the Hotel through equity and/or debt financing. Owner shall have full discretion in arranging financing, all of which shall be arranged at the sole cost and expense of Owner. Owner shall likewise have the right to refinance any of Owner’s previous financing.
Owner Financing. Owner may finance the Equipment or any part thereof, and, in connection therewith, may, as security, give its lender an installment sales instrument or mortgage covering such Equipment or part thereof, or assign rents due hereunder.
Owner Financing. The Purchase Price will be paid through financing using the following payment plan: i) Down Payment: $
Owner Financing. The Owner shall provide written bi-monthly (every 2 months) updates to the City and the Authority on the status of Owner Financing approval process for the 150 Main Improvements, and upon receipt of a loan commitment therefore, shall provide a copy thereof to the City and Authority within 5 business days of such loan commitment.
Owner Financing. Within ten (10) business days of receipt of loan commitment documents pursuant Section 4.2, the City and the Authority shall approve or disapprove in writing the Owner Financing which shall not be unreasonably withheld or delayed, which shall be evidence of funds sufficient to Complete Construction of the 150 Main Improvements. Evidence of financing shall include, but not be limited to, bank statements, proof of funds and the loan commitment letter from lender. Approval of Owner Financing shall be determined in the reasonable opinion of the City acting by and through the City Manager, and the Authority acting by and through the Executive Director.
Owner Financing. (a) The Owner is, or will be, the borrower under external debt financing arrangements with Initial Lenders. The Initial Lenders are [*****].
Owner Financing. _N/A I/We agree to finance the above described property with --- % down payment, --- %APR for years to a QUALIFIED Buyer. EXPIRATIONS: This agreement shall expire on October 13 , 2024 . OTHER TERMS AND CONDITIONS: Xxxxx Xxxxxxx _ N/A SELLER’S FULL NAME (print) SPOUSE’S FULL NAME 1501 1/2 S XXXXXXX FERRY RD 000-000-0000 4/13/2024 X _ Address Home Phone # Cell Phone # Work Phone # PINEVILLE, LA 71360 City, State, Zip SELLER’S SIGNATURE DATE _X X_
