Examples of Alternative Financing in a sentence
Alternative Financing Mechanisms: Title III, Assistive Technology Act of 1998.
Buyer may substitute Alternative Financing for the Specified Financing.
This financing contingency shall not apply to any Alternative Financing.
Should Buyer pursue Alternative Financing without Seller’s written consent, Buyer shall waive the protection of this financing contingency.
More Definitions of Alternative Financing
Alternative Financing means any change to the financing terms in the Specified Financing, including but not limited to Down Payment amount, the amount financed, loan type (i.e., Conventional, FHA, VA, USDA or Other), term of any loan, interest rate, or loan program (i.e., assumption, fixed or adjustable rate). Buyer may substitute Alternative Financing for the Specified Financing. However, Buyer shall obtain Seller’s written consent and shall execute a new financing addendum (if applicable) if Buyer wishes to retain the protection of a financing contingency. Should Buyer pursue Alternative Financing without Seller’s written consent, Buyer shall waive the protection of this financing contingency. Buyer’s substitution of lender(s) to which written application has been made under Paragraph 2D of this Contract shall not: (a) constitute a change in the Specified Financing; or (b) constitute Buyer Default provided there is no additional expense to Seller and Settlement Date is not delayed. (Select Paragraph 3 OR 4)
Alternative Financing means, in the sole discretion of the Company, any alternative financing obtained by the Borrowers or any of their Affiliates if the Company Board determines that such alternative financing is in the best interests of the Company (provided, that if the terms and conditions of such alternative financing relative to the terms and conditions set forth in the Debt Commitment Letter would reasonably be expected to (i) result in a corporate credit rating downgrade of the Company, (ii) materially delay or prevent or make less likely the funding of such alternative financing (or satisfaction of the conditions to such alternative financing) on or prior to the Closing Date, (iii) adversely impact the ability of the Company and/or the Borrowers to enforce their respective rights against other parties to such alternative financing or the definitive agreements with respect thereto, in each case, relating to the funding thereunder or (iv) result in net proceeds being made available to the Borrowers or any of their Affiliates, as applicable, in an amount which is not sufficient to satisfy the condition set forth in Section 5.01(e)(iii), then, in each case, the prior written consent of the Special Committee shall be required to obtain such alternative financing).
Alternative Financing is defined in Section 6.14(d).
Alternative Financing means any financing from alternative sources in an amount, when taken together with other sources and all other Debt Commitment Letters, sufficient to consummate the Transactions with terms and conditions not materially less favorable, taken as a whole, to Parent, Merger Sub and the Company than the terms and conditions set forth in the applicable Financing Agreements.