Purchase Money Notes Guarantor definition

Purchase Money Notes Guarantor shall have the meaning given in the recitals.
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Purchase Money Notes Guarantor has the meaning given in the preamble. “Purchase Money Notes Guaranty” means the Guaranty Agreement by and between the Purchase Money Notes Guarantor and the Receiver dated as of the date hereof.
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Purchase Money Notes Guarantor has the meaning given in the introductory paragraph to this Agreement.
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Examples of Purchase Money Notes Guarantor in a sentence

  • This Agreement shall inure to the benefit of and be binding on and enforceable against successors and assigns of each Grantor, the Collateral Agent, the Purchase Money Notes Guarantor and the Initial Member; provided, however, that no Grantor shall assign its rights hereunder in whole or in part without the prior written consent of the Collateral Agent and the Purchase Money Notes Guarantor.

  • No provision of this Agreement may be amended or waived except in writing executed by all of the parties to this Agreement, except for Article II, any provision of which may be amended and waived in writing executed by Xxxxxx and Purchase Money Notes Guarantor.

  • No delay or failure on the part of the Collateral Agent, the Purchase Money Notes Guarantor or the Initial Member to exercise any right or remedy to which it may become entitled hereunder upon an Event of Default shall constitute abandonment or waiver of any such right and the Collateral Agent, the Purchase Money Notes Guarantor or the Initial Member shall be entitled to exercise such right or remedy at any time during the continuance of a Event of Default.

  • Without limiting the generality of the foregoing, Debtor shall cause to be delivered to the Collateral Agent and the Purchase Money Notes Guarantor information indicating any possible Environmental Hazards with respect to any Collateral or Underlying Collateral and any notice or report provided to Debtor or the Manager pursuant to Section 5.5 of the Servicing Agreement as in effect on the date hereof.

  • In the absence of a protective order or waiver, such Grantor may make such required disclosure if, in the written opinion of its outside counsel (which opinion shall be provided to the Collateral Agent, the Purchase Money Notes Guarantor and the Initial Member prior to disclosure pursuant to this Section 13.13), failure to make such disclosure would subject such Grantor to liability for contempt, censure or other legal penalty or liability.

  • Each of the Collateral Agent, the Purchase Money Notes Guarantor and the Initial Member may enforce any of its remedies pursuant to this Agreement successively or concurrently in its sole discretion.

  • Debtor shall also cause to be furnished to each of the Initial Member, the Collateral Agent and the Purchase Money Notes Guarantor the Custodian and Paying Agent Report in accordance with the terms of the Custodial and Paying Agency Agreement.

  • In consideration of the Purchase Money Notes Guarantor agreeing to guaranty certain obligations of Debtor pursuant to the Purchase Money Notes in accordance with the Purchase Money Notes Guaranty, the Receiver, for and on behalf of Debtor, shall pay to the Purchase Money Notes Guarantor on the Closing Date a fee equal to 3% of the aggregate original principal amount of the Purchase Money Notes (the “Purchase Money Notes Guaranty Fee”).

  • The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, unless the Collateral Agent shall have received written notice from a Grantor or any Secured Party referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” The Collateral Agent will notify the Purchase Money Notes Guarantor of its receipt of any such notice.

  • On each Distribution Date, Debtor will direct the Custodian/Paying Agent to distribute amounts on deposit in the Distribution Account to Collateral Agent in payment of any amounts owed by Debtor to Purchase Money Notes Guarantor or Collateral Agent pursuant to this Agreement, subject to the priority of payments set forth in Section 5.1 of the Custodial and Paying Agency Agreement and the other terms thereof.


More Definitions of Purchase Money Notes Guarantor

Purchase Money Notes Guarantor means the FDIC, in its corporate capacity, as Purchase Money Purchase Money Notes Guarantor under the Purchase Money Notes Guaranty (as such terms are defined in the Custodial and Paying Agency Agreement).
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Related to Purchase Money Notes Guarantor

  • Purchase Money Note means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be irrevocable, from the Issuer or any Subsidiary of the Issuer to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a contribution of equity.

  • Purchase Money Obligation means, for any person, the obligations of such person in respect of Indebtedness (including Capital Lease Obligations) incurred for the purpose of financing all or any part of the purchase price of any property (including Equity Interests of any person) or the cost of installation, construction or improvement of any property and any refinancing thereof; provided, however, that (i) such Indebtedness is incurred within one year after such acquisition, installation, construction or improvement of such property by such person and (ii) the amount of such Indebtedness does not exceed 100% of the cost of such acquisition, installation, construction or improvement, as the case may be.