Type of Financing Sample Clauses

Type of Financing. The financing of each Investment Programme shall be based on the following principles:
Sample 1
AutoNDA by SimpleDocs
Type of Financing. Buyer and Seller agree that Buyer shall pursue the following financing: Conventional Financing. First priority (senior) mortgage, deed of trust, or deed to secure debt (as the case may be, “Mortgage”), in the approximate original principal amount of $ . Second (subordinate) Mortgage in the approximate principal amount of $ . USDA Guaranteed Mortgage, in the approximate amount of $ . Reverse Mortgage Financing, in the approximate amount of $ . FHA Insured Financing, in the approximate amount of $ . VA Guaranteed Financing, in the approximate amount of $ .
Sample 1
Type of Financing. This is a net equipment financing transaction whereby maintenance, insurance, property taxes, and all items of a similar nature are for the account of the Debtor.
Sample 1
Type of Financing. The ballpark was primarily privately financed—$90.1 million came from the Cardinals, $9.2 million in interest earned on the construction fund, and $200.5 million in bonds to be paid over a 22-year period ($15.9 million per year) by the team. Public financing came from St. Louis County contributing $45 million through a long-term loan. Appendix 1, Sports Facility Reports, Vol. 12, available at xxxxx://xxx.xxxxxxxxx.xxx/assets/sports-law/pdf/sportsfacility-reports/v12- mlb-2011.pdf.
Sample 1
Type of Financing. Buyer and Seller agree that Buyer shall pursue the following financing: ☐ Conventional Financing. ☐ First priority (senior) mortgage, deed of trust, or deed to secure debt (as the case may be, “Mortgage”), in the approximate original principal amount of $ . ☐ Second (subordinate) Mortgage in the approximate principal amount of $ . ☐ USDA Guaranteed Mortgage, in the approximate amount of $ . ☐ Reverse Mortgage Financing, in the approximate amount of $ . ☐ FHA Insured Financing, in the approximate amount of $ . ☐ VA Guaranteed Financing, in the approximate amount of $ . ☐ Other. Describe: .
Sample 1
Type of Financing. Senior secured first priority non- recourse construction and term financing (the “Senior Financing”). The Senior Financing shall be the lesser of (i) 60% of the total capital requirements (including contributions in kind made by the Sponsor and approved by the Lenders); or (ii) US$1.25 to US$1.35 per gallon of the total project capacity (the “Project”), as defined further below). The Senior Financing will include availability of working capital financing in an amount to be determined. The total capital requirements (including contributions in kind made by the Sponsor) are currently estimated to be approximately US$372.500.000.00 million. Borrowers: Jointly and severally (a) Northern Ethanol (Barrie) Inc. (“NE Barrie”), a special purpose bankruptcy remote entity that will directly own 100% of a 108 million gallon per year fuel grade undenatured ethanol facility, (b) Northern Ethanol (Sarnia) Inc. (“NE Sarnia”), a special purpose bankruptcy remote entity that will directly own 100% of a 108 million gallon per year fuel grade undenatured ethanol facility, and (c) [HoldCo],a special purpose bankruptcy remote entity that will directly own 100% membership interests in each of NE Barrie and NE Sarnia. [Note: the parties have agreed to review the corporate structure of the Borrowers to determine which structure is most tax advantageous to both the Borrowers and the Senior Lenders; provided, that such corporate structure shall not impact the economic and substantive terms set forth in this Term Sheet and the amount of financing provided will need to be reviewed in light of such structure. Sponsor: Northern Ethanol, Inc., a corporation organized and existing under the laws of Delaware WestLB
Sample 1

Related to Type of Financing

  • Type of Loans Subject to Section 2.12, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

  • Other Financing Notwithstanding anything in this Agreement to the contrary, the Issuer and the Company may hereafter enter into agreements to provide for the financing or refinancing of costs of the Project or any portion thereof.

  • Additional Financing The Borrower hereby covenants and agrees that, except for Permitted Encumbrances and except as otherwise contemplated in the Mortgage, without the prior written consent of the Significant Bondholder, if any, it shall not create, incur, assume or guaranty any financing secured by the Project or other financings except (i) the transactions contemplated in the Subordinate Loan Documents, (ii) the Permitted Encumbrances and as otherwise contemplated in the Mortgage, and (iii) unsecured loans or advances by the Borrower’s partners as contemplated or permitted by the Partnership Agreement.

  • Conversion and Continuation of Loans The Lead Borrower on behalf of the Borrowers shall have the right at any time,

  • No Commitment for Additional Financing The Company acknowledges and agrees that no Purchaser has made any representation, undertaking, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance, other than the purchase of the Shares as set forth herein and subject to the conditions set forth herein. In addition, the Company acknowledges and agrees that (i) no statements, whether written or oral, made by any Purchaser or its representatives on or after the date of this Agreement shall create an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment, (ii) the Company shall not rely on any such statement by any Purchaser or its representatives, and (iii) an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by such Purchaser and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties intend for such writing to be a binding obligation or agreement. Each Purchaser shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Term Loan Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower during the period from the Closing Date to June 8, 2012, in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Commitment. The Borrower from time to time may borrow under the Term Loan Facility (and may reborrow any amount theretofore prepaid) until close of business on June 8, 2012, for a term not to exceed 364 days from the date of the Borrowing. Each such loan under the Term Loan Facility (a “Term Loan”) shall be in the minimum amount of $10,000,000 and shall become due and payable on the last day of the term selected by the Borrower for such Term Loan (the “Term Loan Maturity Date”), which shall in no event be later than 364 days from the date of such Term Loan. The maximum availability under the Term Loan Facility shall be the amount of the Credit minus the aggregate outstanding principal amount of Revolving Loans and Term Loans made by the Lenders; provided, however, that to the extent the proceeds of a Term Loan are used to repay an outstanding Revolving Loan (or a portion thereof), such Revolving Loan (or portion thereof) shall not be considered part of the aggregate principal amount of outstanding Revolving Loans made by the Lenders for purposes of this sentence (such maximum availability hereafter being referred to as the “Term Loan Availability”). Under no circumstances shall the aggregate outstanding principal amount of Term Loans and Revolving Loans made by the Lenders exceed the Credit, and under no circumstances shall any Lender be obligated (i) to make any Term Loan (nor may the Borrower reborrow any amount heretofore prepaid) after June 8, 2012, or (ii) to make any Term Loan in excess of the Term Loan Availability. Each Term Loan made hereunder shall fully and finally mature and be due and payable in full on the Term Loan Maturity Date specified in the Borrowing Advice for such Term Loan; provided, however, that to the extent the Borrowing Advice for any Term Loan selects an Interest Period that expires before the Term Loan Maturity Date specified in such Borrowing Advice, the Borrower may from time to time select additional interest rate options and Interest Periods (none of which shall extend beyond the Term Loan Maturity Date for such Term Loan) by delivering a Borrowing Advice or Notice of Conversion/Continuation, as applicable.

  • Bridge Financing The Company shall use its reasonable best efforts to take, or cause to be taken, all actions and do or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to obtain no later than October 30, 2004 a commitment letter (the “Bridge Financing Commitment Letter”) expiring no earlier than January 30, 2005, from a reputable financial institution in substantially the same form and substance as Exhibit F attached hereto, to provide financing on terms and conditions no less favorable than those described on Exhibit F attached hereto.

  • Conversion and Continuation of Outstanding Advances Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Time is Money Join Law Insider Premium to draft better contracts faster.