Initial Portfolio Acquisition definition

Initial Portfolio Acquisition means the proposed acquisition by the Corporation of the Initial Mortgage Portfolio from BCMIC and BCI in accordance with the terms of the Initial Portfolio Acquisition Agreement.
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Examples of Initial Portfolio Acquisition in a sentence

  • All issued and outstanding Common Shares of the Company, including the Common Shares issued in connection with the Initial Portfolio Acquisition, have been duly authorized and validly issued and are fully paid and non-assessable, and have been offered and sold or exchanged by the Company in compliance with all applicable laws (including, without limitation, federal and state securities laws).

  • The offer, issue, sale and delivery of the shares of common stock of the Company in connection with the Initial Portfolio Acquisition does not require registration under the 1933 Act, and such offer, issue, sale and delivery does not violate any provision of the 1940 Act, or the rules and regulations promulgated thereunder.

  • At Closing, Lender shall fund the Senior Advance in an amount equal to 90% of the Initial Portfolio Acquisition Price, and Asta shall fund the Junior Advance in an amount equal to 10% of the Initial Portfolio Acquisition Price.

  • If applicable (and for the Partnership's internal accounting purposes only), Sponsor Partner's Initial Capital Contribution Amount shall be allocated among the Subsidiaries (and their respective Properties) in accordance with the Initial Portfolio Investment Agreement and the Initial Portfolio Acquisition Budget.

  • All issued and outstanding Common Shares of the Company, including the Private Placement Shares and the Common Shares issued in connection with the Initial Portfolio Acquisition, have been duly authorized and validly issued and are fully paid and non-assessable, and have been offered and sold or exchanged by the Company in compliance with all applicable laws (including, without limitation, federal and state securities laws).

  • If applicable (and for the Partnership's internal accounting purposes only), BIT Partner's Initial Capital Contribution Amount shall be allocated among the Subsidiaries (and their respective Properties) in accordance with the Initial Portfolio Investment Agreement and the Initial Portfolio Acquisition Budget.

  • The offer, issue, sale and delivery of the Common Shares by the Company in connection with the Initial Portfolio Acquisition does not require registration under the 1933 Act, and such offer, issue, sale and delivery does not violate any provision of the 1940 Act, or the rules and regulations promulgated thereunder.

  • Following the Initial Portfolio Acquisition Date, upon the approval of any Investment by Prior Committee Approval of a Capital Contribution, the Administrative Agent shall issue a notice to each Member setting forth the terms of the associated Capital Contribution, including the payment date (provided that notice shall be provided no less than ten (10) business days prior to the payment date).