Initial Buyer definition

Initial Buyer means persons acquiring Housing Units pursuant to an Initial Sale.
Initial Buyer has the meaning specified therefor in Section 6.2(a)(ii) of this Agreement.

Examples of Initial Buyer in a sentence

  • Any Initial Buyer may also purchase, at such Initial Buyer’s option, Subsequent Notes and Subsequent Warrants by delivering written notice to the Company (each, a “Subsequent Closing Notice”).

  • The aggregate purchase price for the Initial Notes and Initial Warrants purchased by each Initial Buyer at the Initial Closing (the “Initial Purchase Price”) was the amount set forth opposite each Initial Buyer’s name in column (5) of the Schedule of Buyers.

  • Buyer hereby authorizes the Electric Utility that provided distribution service to Buyer’s customers, or an affiliate of that Electric Utility, to release to Seller the Initial Buyer Retail Sales data within 15 Days of the end of each Contract Month, and the Final Buyer Retail Sales data within 110 Days of the end of each Contract Month 4 months prior; which information will be the same information as settled by MISO or PJM, as applicable.

  • On the Initial Closing Date, (i) each Initial Buyer paid its Initial Purchase Price to the Company for the Initial Notes and Initial Warrants issued and sold to such Initial Buyer at the Initial Closing (less, in the case of Empery Asset Master Ltd.

  • The Danes also had to maintain good relations to the larger inland Empire of Akwamu, which claimed sovereignty over the Accra area.10 We analyse the archival sources in two sections.

  • The Notes will be subject to a compulsory redemption that will be paid (on a prorated basis with the Installment Credit Line, the securitized certificates issued to repurchase the Zero- Coupon Notes not sold and kept by the Initial Buyer after the Closing Date and the Hedge Agreements, apart from those detailed in the “Description of the Notes-Account to Accrue Excess Cash Flows”).

  • The covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land for the Affordability Period and shall pass to and be binding upon the Initial Buyer and any heirs, successors and assigns in title to each Home.

  • In June 2019, KREF entered into a Master Repurchase and Securities Contract Agreement (the "Term Lending Agreement") with Morgan Stanley Mortgage Capital Holdings LLC ("Administrative Agent"), as administrative agent on behalf of Morgan Stanley Bank, N.A. ("Initial Buyer"), which provides for current and future financings of up to $900.0 million on a non-mark-to-market basis.

  • In the event the Initial Buyer or any subsequent buyer(s) sell a Home prior to the expiration of the Affordability Period, the Home shall be sold to another qualified purchaser whose income meets the Income Qualifications, as determined by the Town.

  • During the Affordability Period, the Initial Buyer and any subsequent buyer(s) shall occupy each Home as its primary residence.


More Definitions of Initial Buyer

Initial Buyer. Imperial Warehouse Finance, Inc.
Initial Buyer means each “Buyer” party to the Initial Purchase Agreement, each holder of a Note (as defined in the Initial Purchase Agreement) and each other holder of all or any portion of the Initial Purchase Debt, and their respective successors and assigns, in each case in their capacities as such (including any other lender or group of lenders that at any time succeeds to or refinances, replaces or substitutes for all or any portion of the Initial Purchase Debt at any time and from time to time).
Initial Buyer shall have the meaning specified in Section 5.05(a).

Related to Initial Buyer

  • Qualified Institutional Buyer means any Person who is a “qualified institutional buyer” within the meaning of such term as set forth in Rule 144A(a)(1) under the Securities Act.

  • Retail buyer or "buyer" means a person who buys goods and services, or services from a contractor pursuant to a home improvement installment contract, or goods and services from a contractor pursuant to a home improvement charge agreement.

  • Qualified Institutional Buyers as defined in Rule 144A. It is aware that the sale of the Privately Offered Certificates is being made in reliance on its continued compliance with Rule 144A. It is aware that the transferor may rely on the exemption from the provisions of Section 5 of the Act provided by Rule 144A. The undersigned understands that the Privately Offered Certificates may be resold, pledged or transferred only to (i) a person reasonably believed to be a Qualified Institutional Buyer that purchases for its own account or for the account of a Qualified Institutional Buyer to whom notice is given that the resale, pledge or transfer is being made in reliance in Rule 144A, or (ii) an institutional "accredited investor," as such term is defined under Rule 501 of the Act in a transaction that otherwise does not constitute a public offering. The undersigned agrees that if at some future time it wishes to dispose of or exchange any of the Privately Offered Certificates, it will not transfer or exchange any of the Privately Offered Certificates to a Qualified Institutional Buyer without first obtaining a Rule 144A and Related Matters Certificate in the form hereof from the transferee and delivering such certificate to the addressees hereof. Prior to making any transfer of Privately Offered Certificates, if the proposed Transferee is an institutional "accredited investor," the transferor shall obtain from the transferee and deliver to the addressees hereof an Investment Letter in the form attached to the Pooling and Servicing Agreement, dated as of March 1, 2002, among Structured Asset Mortgage Investments Inc., Wells Fargo Bank Mixxxxxta, National Association, EMC Mortgage Corporation and Bank One, National Association, as Trustee, pursuant to Certificates were issued. The undersigned certifies that it either: (i) is not acquiring the Privately Offered Certificate directly or indirectly by, or on behalf of, an employee benefit plan or other retirement arrangement which is subject to Title I of the Employee Retirement Income Security Act of 1974, as amended, and/or section 4975 of the Internal Revenue Code of 1986, as amended, or (ii) is providing a representation or an opinion of counsel to the effect that the proposed transfer and/or holding of a Privately Offered Certificate and the servicing, management and/or operation of the Trust and its assets: (I) will not result in any prohibited transaction which is not covered under a prohibited transaction exemption, including, but not limited to, Prohibited Transaction Exemption ("PTE") 84- 14, PTE 91-38, XXX 00-0, XXX 00-00, XXX 00-00 xr Section 401(c) of ERISA and the regulations to be promulgated thereunder and (II) will not give rise to any additional fiduciary duties on the part of the Seller, the Master Servicer or the Trustee. If the Purchaser proposes that its Certificates be registered in the name of a nominee on its behalf, the Purchaser has identified such nominee below, and has caused such nominee to complete the Nominee Acknowledgment at the end of this letter. Name of Nominee (if any):

  • Rule 501 means Rule 501(a)(1), (2), (3) or (7) under the Securities Act.

  • Accredited Investor has the meaning set forth in Regulation D promulgated under the Securities Act.

  • Rule 144A means Rule 144A promulgated under the Securities Act.

  • Rule 144A Letter As defined in Section 5.02(b).

  • Regulation S Investor With respect to a transferee of a Regulation S Global Certificate, a transferee that acquires such Certificate pursuant to Regulation S.

  • Institutional Accredited Investor means an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act, who are not also QIBs.

  • U.S. Accredited Investor means an “accredited investor” as defined in Rule 501(a) of Regulation D;

  • Subsequent Purchaser Any Person that acquires an interest in a Mortgage Loan from Purchaser.

  • QIB/QP means a QIB that is also a QP.

  • Accredited Investors should complete this Section

  • Rule 144A Securities means all Initial Securities offered and sold to QIBs in reliance on Rule 144A.

  • Institutional Accredited Investors Institutions that are “accredited investors” within the meaning of Rule 501(a) (1), (2), (3) or (7) of Regulation D under the Act or any entity all of the equity owners of which are such institutions.

  • Accredited Investor Questionnaire means the Accredited Investor Questionnaire set forth as Exhibit C-1 hereto.

  • Rule 904 means Rule 904 promulgated under the Securities Act.

  • Prohibited Investor means a person or entity whose name appears on (i) the List of Specially Designated Nationals and Blocked Persons maintained by the U.S. Office of Foreign Assets Control; (ii) other lists of prohibited persons and entities as may be mandated by applicable law or regulation; or (iii) such other lists of prohibited persons and entities as may be provided to the Fund in connection therewith;

  • Securities Act means the Securities Act of 1933, as amended.

  • Rule 144A Notes means all Notes offered and sold to QIBs in reliance on Rule 144A.

  • 1933 Securities Act means the Securities Act of 1933 of the United States, as amended, and the rules and regulations made thereunder, as now in effect or as the same may from time to time be amended, re-enacted or replaced.

  • Exchanging Dealer means any Holder (which may include any Initial Purchaser) that is a Broker-Dealer and elects to exchange for New Securities any Securities that it acquired for its own account as a result of market-making activities or other trading activities (but not directly from the Company or any Affiliate of the Company) for New Securities.

  • Rule 159A “Rule 405” and “Rule 415” mean, in each case, such rule promulgated under the Securities Act (or any successor provision), as the same shall be amended from time to time.

  • Subsequent Purchase Agreement means an agreement by and between the Seller and the Purchaser pursuant to which the Purchaser will acquire Subsequent Receivables.

  • Qualified buyer means an applicant who meets the criteria in section 4.

  • Institutional Holder An insurance company whose long-term debt is rated at least A- (or equivalent rating) by a Rating Agency, or an equivalent rating from any other nationally recognized statistical rating organization.