Examples of Purchaser Loan in a sentence
If the Purchaser Loan is removed as an Asset of the Trust, the Trustee will have more funds available to pay principal to Noteholders on the next Payment Date, but will have a correspondingly smaller amount of Assets with which to make future payments because the outstanding principal balance on the Purchased Loans will decrease by the outstanding principal balance of such removed Purchased Loan.
On 16 July 2019, the Company and the Purchaser (now known as the “Investor”) entered into a binding term sheet (“Term Sheet”) to, amongst others, provide for the proposed investment by the Investor through the Convertible Loan, of which an amount of up to $45 million will be used to fund the implementation of the New Scheme, and to terminate the agreements relating to the Proposed Disposal, Purchaser Loan and Bridging Loan.
The grant deed to each Unit shall be subject to affordability restrictions as described in the City Purchaser Loan documents.
Accordingly, (depending principally on the extent to which dividends have been declared or the Purchaser Loan has been repaid), such consideration may be more, or less, than the consideration paid by the Purchaser (on behalf of the Regal REIT) to the Vendor for the purchase and assignment of the Sale Shares and the Inter-company Loan.
The terms and conditions of the Purchaser Loan and the Vendors’ Loan are materially the same.