Acquisition of Portfolio. At the Property Closing (as defined in the Prospectus), the Trustees shall use a portion of the proceeds, net of expenses and the Underwriters’ Fee (as defined in the Prospectus), from the sale of Receipt Units pursuant to the Prospectus, to pay to Cominar, the cash portion of the purchase price for the Portfolio and the Assets.
Acquisition of Portfolio. The Borrower shall have acquired at least $190,000,000 of middle market loans.
Acquisition of Portfolio. The parties hereto affirm that the Authority purchased, acquired and assumed from the Board, all of the Board’s rights, titles and interests in and to the Portfolio and the Collateral Documents related thereto.
