Property Financing Sample Clauses

Property Financing. Purchaser shall have until 5:00 p.m. Pacific Daylight Time on the date that is forty-five (45) days after the Effective Date (the “Financing Period”) to obtain a commitment for a loan, to be secured by a first mortgage on the Property, from a lender of Purchaser’s choice, and in an amount and upon terms and conditions acceptable to Purchaser in its sole discretion (the “Property Loan”). Purchaser shall promptly make application for, and diligently pursue the approval of, the Property Loan. Seller shall reasonably cooperate with Purchaser, and Purchaser’s lender and agents, in connection with the loan application process, including with respect to (i) any due diligence incident to the Property reasonably required by Seller’s lender, all at no cost or expense to Seller, and otherwise subject to the terms and conditions provided for in Section 3.5 and 3.6 above with respect to Seller’s due diligence of the Property, and (ii) securing certain tenant related information. If, having applied for the Property Loan, Purchaser is unable to obtain a written commitment for the Property Loan, or obtains a written commitment for the Property Loan on terms unacceptable to Purchaser or subject to conditions which Purchaser is unable to satisfy or which are otherwise unacceptable to Purchaser, all as determined by Purchaser in its sole discretion, Purchaser may, on or before the expiration of the Financing Period (the “Loan Approval Date”), in its sole discretion, advise Seller and Escrow Holder, in writing of its inability to secure the Property Loan. If Purchaser fails to notify Seller and Escrow Holder of its inability to obtain the Property Loan on or before the Loan Approval Date, Purchaser shall be deemed to have secured the Property Loan. In the event Purchaser notifies Seller of its inability to secure the Property Loan, this Agreement shall be deemed terminated pursuant to this Section 3.7. Upon any termination of this Agreement pursuant to this Section 3.7, in the absence of a default by Purchaser, the Deposit shall be refunded to Purchaser, all documents, including all Due Diligence Documents, received from Seller or Seller’s agents, shall be returned by Purchaser to Seller, Purchaser, at Seller’s request and at no cost to Seller, without representation or warranty, shall deliver to Seller true and correct copies of all third party reports obtained by Purchaser with respect to the Property, and, subject to Sections 3.5(a) and (e), 3.6(b), 9.1, 11.2 and 11.12 her...
Sample 1
AutoNDA by SimpleDocs
Property Financing. (a) Notwithstanding Section 3.01(d)(2) and (3), Company may, unilaterally and without Approval of any other Venturer, accept a loan on behalf of the Venture secured by the Property (a "Property Financing") provided that such Property Financing meets or exceeds the following conditions:
Sample 1
Property Financing a) Summary of all forms of property financings, including bonds, mortgage loans, 2nd mortgages, and leases. Information should include current balance, monthly payment, assignability and prepayment options, loan terms (interest rate, amortization, maturity, etc.).
Sample 1
Property Financing the Facilities will be prepaid in accordance with paragraph (a) of Clause 10.4
Sample 1
Property Financing. 19 ARTICLE IV. ACCOUNTING, CONTRIBUTIONS, DISTRIBUTIONS AND ALLOCATIONS SECTION A. Percentage Interests of Venturers.............................. 20 SECTION B. Ordinary Capital Contributions................................. 21 SECTION C. Intentionally Deleted.......................................... 23
Sample 1
Property Financing. 19 ARTICLE IV. ACCOUNTING, CONTRIBUTIONS, DISTRIBUTIONS AND ALLOCATIONS
Sample 1

Related to Property Financing

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Third Party Financing If Product acquisitions are financed through any third party financing, Contractor may be required as a condition of Contract Award to agree to the terms and conditions of a “Consent & Acknowledgment Agreement” in a form acceptable to the Commissioner.

  • Equity Financing If there is an Equity Financing before the expiration or termination of this instrument, the Company will automatically issue to the Investor a number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price. In connection with the issuance of Safe Preferred Stock by the Company to the Investor pursuant to this Section 1(a):

  • Debt Financing (a) The Company shall use its reasonable best efforts to obtain, or cause to be obtained, $5,000,000,000 of Debt Financing on the terms and conditions set forth in the Debt Financing Commitment as promptly as reasonably practicable and shall not, without the Special Committee’s prior written consent, permit any amendment or modification to be made to, or any waiver of any provision under, the Debt Financing Commitment, if such amendment, modification or waiver (i) reduces (or could have the effect of reducing) the aggregate amount of the Debt Financing (including by increasing the amount of fees to be paid or original issue discount in respect of the Debt Financing) or (ii) imposes new or additional conditions or otherwise expands, amends or modifies any of the conditions to the Debt Financing, or otherwise expands, amends or modifies any other provision of the Debt Financing Commitment, in a manner that would reasonably be expected to (x) materially delay or prevent or make less likely the funding of the Debt Financing (or satisfaction of the conditions to the Debt Financing) on the Closing Date or (y) adversely impact the ability of the Company and/or the Borrowers to enforce their respective rights against other parties to the Debt Financing Commitment or the definitive agreements with respect thereto, in each case, relating to the funding thereunder. For the avoidance of doubt, it is understood and agreed that the Company, without the consent of the Special Committee, may amend the Debt Financing in any manner the Company Board determines is in the best interests of the Company (including to add lenders, arrangers, bookrunners, agents, managers or similar entities that have not executed the Debt Financing Commitment and amend the economic and other arrangements with respect to the existing and additional lenders, arrangers, bookrunners, agents, managers or similar entities) so long as such amendment would not reasonably be expected to (x) materially delay or prevent or make less likely the funding of the Debt Financing (or satisfaction of the conditions to the Debt Financing) on or prior to the Closing Date, (y) adversely impact the ability of the Company and/or the Borrowers to enforce their respective rights against other parties to the Debt Financing Commitment or the definitive agreements with respect thereto, in each case, relating to the funding thereunder or (z) result in the net proceeds of the Debt Financing being made available to the Borrowers or any of their Affiliates, as applicable, in an amount which is not sufficient to satisfy the condition set forth in Section 5.01(e)(iii).

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Notice to Proceed - Land Acquisition The acquisition of the Land shall not occur until the Director has issued a written Notice to Proceed for land acquisition to the Recipient (the "Notice to Proceed"). Such Notice to Proceed will not be issued until the Director has received a Request to Proceed acceptable to the Director and is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and any requirements for land acquisition set forth in this Agreement, including without limitation the OPWC's approval of the proposed Deed Restrictions and Title Agent. The Notice to Proceed also shall specify the time frame for the Closing.

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

  • Property Acquisitions System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.

Time is Money Join Law Insider Premium to draft better contracts faster.