Outside Financing definition
Examples of Outside Financing in a sentence
Pre-Pay OPTION TWO – (FOR INSURANCE PATIENTS) Pay per visit – Estimated Co-payment OPTION THREE – Outside Financing □ I would like to take advantage of the recommended finance company, making monthly payments to them directly for services rendered in this dental practice.
The terms of the Outside Financing include (i) a primary guarantee by Berkshire of 90 percent of the Company's obligations under such Outside Financing, and (ii) a primary guarantee by Leucadia of the remaining 10 percent of the Company's obligations under such Outside Financing, as well as a secondary guaranty by Berkshire of such remaining 10 percent of the Company's obligations under such Outside Financing.
Upon the closing of each subsequent Outside Financing, additional deposits into the Escrow Account shall be made in accordance with this section.
Consistent with the preceding sentence, and pursuant to Section 18-303(b) of the Act, Berkadia-Management hereby agrees to be liable for all of the Company's obligations under the Outside Financing, and no other Member shall bear any responsibility or liability for any portion of such Company obligations.
Upon agreement to such Master Plan and satisfactory completion of their due diligence on the Project as set forth in this Agreement, the Due Diligence Phase Completion Letter will be executed on behalf of the Parties memorializing the approved Master Plan and the Outside Financing Commitment Date and agreeing to end the Due Diligence Phase and proceed with the Pre-Development Phase.