Arrowhead Loans definition
Arrowhead Loans means, collectively the seller-financing of lot sales in the Owned Property known as “Arrowhead Ranch” made by the relevant Seller pursuant to the mortgage loans described in Schedule 3.2(t).
Examples of Arrowhead Loans in a sentence
Seller is the holder of the Arrowhead Loans, free and clear of all liens, encumbrances, pledges, and security interests of any kind.
To Seller’s Knowledge, Schedule 3.2(t) sets forth, as of the date specified therein, the outstanding principal balance, the amount of accrued and unpaid interest, any other amounts currently due and payable by the borrower to the lender with respect to the Arrowhead Loans, and the amounts of any reserves held by the lender thereunder.