Refinance Transaction definition

Refinance Transaction means a refinancing or restructuring of the mortgage loan evidenced by the Note and secured by the Deed of Trust after which the Company continues to own the Subject Property.

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Refinance Transaction means the proposed transaction between the Refinance Party and the Borrowers that is described in the Term Sheets and that would provide for the refinancing in full of the Obligations and delivery to the Issuing Bank of a back-to-back letter of credit in favor of the Issuing Bank on or before August 31, 2009.

Refinance Transaction means the transaction contemplated by the Amended and Restated Agreements pursuant to which, inter alia: 1.2.82.1. the Subscribers will subscribe for, and the Company will issue and allot to the Subscribers, the Class C Subsequent Subscription Shares; 1.2.82.2. the Company will declare and pay the Accrued Class D Preference Dividends in full from its distributable reserves (and not from CTC); and 1.2.82.3. if, in the Company’s entire discretion, (i) the accrued Class D Preference Dividends in respect of the Class D Preference Shares have been paid in full by the Company on the Effective Date; and

Examples of Refinance Transaction in a sentence

During the term of this Agreement and in consideration for the Services, the Company shall pay the Service Provider the fees set forth in this Section 3 (collectively, the “Service Fees”), which shall accrue interest free and shall be payable in full to the Service Provider upon, but not before, a Sale Transaction, Refinance Transaction, Lease Transaction or BNSF Transaction (as applicable).
No more than twenty-five percent (25%) of the Refinance Transaction Payment may be funded by borrowings under the SLR Agreement.
Services Fees for Asset Management Services with respect to any Refinance Transaction, Lease Transaction or BNSF Transaction shall be payable on a periodic basis (but not less than quarterly) following the closing of such Refinance Transaction, Lease Transaction or BNSF Transaction (as the case may be).
Payment of any principal whether regularly scheduled or at maturity other than the Refinance Transaction Payment described in (b) below or any other repayment of the EB Indebtedness and payment of any other item under the EB Agreement shall not be made until the SLR Repayment has occurred.
On or before September 15, 2016 (or such later date as may be agreed to by Lender), Borrowers will cause Investment Banker to distribute a confidential information memorandum, in form and substance reasonably acceptable to Lender, with respect to the refinancing of the Obligations in their entirety (the "Required Refinance Transaction").
Except as --------------------------------------------------- otherwise provided herein, Net Proceeds of a Sale or Refinance Transaction shall be distributed between the Partners 55% to the General Partner and 45% to the Limited Partner.
The Debenture Creditors covenant and agree that such Refinance Transaction shall occur within the same business day.
To effectuate such Refinance Transaction and so long as the Refinance Conditions as defined below are met, Client may repay the amount of the EB Indebtedness outstanding under the Existing EB Agreement (the “Refinance Transaction Payment”) on the date of such Refinance Transaction and immediately upon receipt of such Refinance Transaction Payment, King Street shall purchase from Client the debenture described under the King Street Agreement.

More Definitions of Refinance Transaction

Refinance Transaction means a refinancing or restructuring of the mortgage loan evidenced by the Note and secured by the Deed of Trust after which the Company continues to own the Subject Property. “Sale Amount” shall mean, with respect to any Sale Transaction, the actual proceeds of such sale, net of (i) any taxes triggered or incurred in connection therewith and (ii) any closing costs or transaction expenses (including reasonable expenses of outside professional advisers) related to such Sale Transaction payable to parties other than the Company or any of its Affiliates. “Sale Transaction” shall mean a sale of the Subject Property or of the beneficial ownership interest therein. “Stockholders’ Agreement” shall mean that certain Stockholders’ Agreement dated as of the date hereof, by and among CMC, CMC Acquisition, LLC, a Delaware limited liability company, CRIC TRT Acquisition LLC, a Delaware limited liability company, and each other Person that may execute such agreement from time to time, as amended. “Subject Property” shall mean that certain real property that is subject to the Deed of Trust. “Tax Allocation Agreement” shall mean the Second Amended and Restated Kingsway Affiliated Group Tax Allocation Agreement dated as of December 1, 2013 (as the same may be amended from time to time). “Threshold Amount” shall mean an amount equal to (i) the Contribution and Liability Satisfaction Amount, plus (ii) (A) with respect to any Sale Transaction, the Note Satisfaction Amount, (B) with respect to any Refinance Transaction, the Note Satisfaction Amount plus the aggregate amount of any principal, interest and other amounts payable in order to fully perform and satisfy any and all obligations under any other mortgage loan or indebtedness encumbering the Subject Property (other than any mortgage loan or indebtedness that is intended to remain in place following closing of the Refinance Transaction), or (C) with respect to any Lease Transaction or BNSF Transaction, the aggregate amount of any principal, interest and other amounts then due and payable with respect to any mortgage loan or indebtedness encumbering the Subject Property. Exhibit 10.2 The obligations of the Parties set forth in this Section 3 shall survive termination of this Agreement until such time as all obligations of the Company under Section 3(d) have been satisfied.

Refinance Transaction means the proposed transaction between Sempra and the Transaction Parties that would refinance the obligations of the Transaction Parties under the Credit Agreement and replace the Counterparties’ hedging program under the Transaction Documents.