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. 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. 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 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. 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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Purchase Money Financing. Section 2 of the Contract is hereby deleted in its entirety and replaced with the following:
Sample 1
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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.
Sample 1
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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Related to Purchase Money Financing

  • Purchase Money Security Interest Notwithstanding Paragraph 2 above, which relates to transfer of title and risk of loss, until the price shall have been paid in full to WTD for any Products, WTD shall retain a purchase money security interest in the inventory of the Products presently in the possession of or hereafter acquired by Reseller, and if Reseller shall have sold the Products to any third party, the proceeds of resale (or claim thereto) shall belong to WTD. Reseller hereby appoints WTD as its attorney in fact to file any document, with any state or other governmental authority, as is necessary or desirable to perfect, continue, modify or terminate this security interest. Failure on the part of Reseller to pay the price when due shall give WTD the right (without prejudice to any other remedies):

  • 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.

  • 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.

  • 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.

  • Existing Indebtedness; Future Liens (a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company and its Subsidiaries as of the dates specified in such Schedule (and specifying, as to each such Indebtedness, the collateral, if any, securing such Indebtedness), since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company or its Subsidiaries. Neither the Company nor any Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or such Subsidiary and no event or condition exists with respect to any Indebtedness of the Company or any Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment.

  • Permitted Acquisitions (a) Subject to the provisions of this Section 9.14 and the requirements contained in the definition of Permitted Acquisition, the Borrower and any of its Wholly-Owned Subsidiaries may from time to time effect Permitted Acquisitions, so long as (in each case except to the extent the Required Lenders otherwise specifically agree in writing in the case of a specific Permitted Acquisition): (i) no Default, Event of Default or Compliance Period shall be in existence at the time of the consummation of the proposed Permitted Acquisition or immediately after giving effect thereto; (ii) the Borrower shall have given the Administrative Agent (on behalf of the Lenders) at least 10 Business Days’ prior written notice of the proposed Permitted Acquisition; (iii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Permitted Acquisition (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date; (iv) the Borrower provides to the Administrative Agent (on behalf of the Lenders) as soon as available but not later than 5 Business Days after the execution thereof, a copy of any executed purchase agreement or similar agreement with respect to such Permitted Acquisition; (v) after giving effect to such Permitted Acquisition and the payment of all post-closing purchase price adjustments required (in the good faith determination of the Borrower) in connection with such Permitted Acquisition (and all other Permitted Acquisitions for which such purchase price adjustments may be required to be made) and all capital expenditures (and the financing thereof) reasonably anticipated by the Borrower to be made in the business acquired pursuant to such Permitted Acquisition within the 180-day period (such period for any Permitted Acquisition, a “Post-Closing Period”) following such Permitted Acquisition (and in the businesses acquired pursuant to all other Permitted Acquisitions with Post-Closing Periods ended during the Post-Closing Period of such Permitted Acquisition), there shall exist no Compliance Period; (vi) such proposed Permitted Acquisition shall be effected in accordance with the relevant requirements of Section 9.17; (vii) the Borrower determines in good faith that the Borrower and its Subsidiaries taken as a whole are not likely to assume or become liable for material increased contingent liabilities as a result of such proposed Permitted Acquisition (excluding, however, Indebtedness permitted to be incurred pursuant to Section 10.04 in connection therewith); (viii) substantially all of the Acquired Entity or Business acquired pursuant to the respective Permitted Acquisition is in a Qualified Jurisdiction, provided, however, the respective proposed Permitted Acquisition shall not be required to meet the requirements set forth above in this clause (viii) if the Maximum Permitted Consideration payable in connection with such Permitted Acquisition, when aggregated with the Maximum Permitted Consideration payable in connection with all other Permitted Acquisitions consummated after the Initial Borrowing Date in which all or substantially all of the Acquired Entity or Business so acquired were not in Qualified Jurisdictions, does not exceed $300,000,000; and (ix) the Borrower shall have delivered to the Administrative Agent on the date of the consummation of such proposed Permitted Acquisition, an officer’s certificate executed by an Authorized Officer of the Borrower, certifying to the best of his knowledge, compliance with the requirements of preceding clauses (i) through (iii), inclusive, and clauses (v) through (viii), inclusive, and containing the calculations required by the preceding clauses (iii) and (viii).

  • Existing Indebtedness (a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company as of March 31, 2014 (including a description of the obligors and obligees, principal amount outstanding and collateral therefor, if any, and Guaranty thereof, if any), since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company. The Company is not in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company and no event or condition exists with respect to any Indebtedness of the Company the outstanding principal amount of which exceeds $5,000,000 that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment.

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