Buffalo Loan definition

Buffalo Loan the loans made to Village Farms of Buffalo, L.P., a Delaware limited partnership, by VFIFA with proceeds of the loans made by CoBank to VFIFA pursuant to the VFIFA Loan Agreements.
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Examples of Buffalo Loan in a sentence

  • The proceeds of the Term Loans shall be used as follows: (a) $63,239,340.67 shall represent the aggregate of the outstanding balance of the Buffalo Loan, Marfa Loan, Presidio Loan and Texas Loan purchased by CoBank from VFIFA which loans are amended and restated herein, and (b) $9,046,399 shall be used by Borrower solely to pay off the APD Loans, the Virginia Loan, and the Pennsylvania Loan.

  • CoBank and VFIFA, after the Borrower Merger, shall have consummated the purchase by CoBank from VFIFA, with full recourse, of all of VFIFA's right, title and interest in and to the Buffalo Loan, the Marfa Loan, the Presidio Loan and the Texas Loan pursuant to the Note Purchase Agreement and upon terms and conditions satisfactory to CoBank in its sole discretion.

  • All of the Security Documents required to be recorded or filed to perfect the Liens granted therein shall be so recorded and filed, including without limitation the filing or recording of all Security Documents or other documents necessary to transfer VFIFA's right, title and interest in the collateral security for the Buffalo Loan, the Marfa Loan, the Presidio Loan and the Texas Loan to CoBank.

  • CoBank has purchased all right, title and interest of Village Farms International Finance Association, a Delaware corporation ("VFIFA") to the Buffalo Loan, the Marfa Loan, the Presidio Loan and the Texas Loan, and all collateral security therefor, pursuant to that certain Note Purchase Agreement of even date herewith by and between VFIFA and CoBank ("NOTE PURCHASE AGREEMENT").