Funds for Purchase Sample Clauses

Funds for Purchase. (i) In the event Purchaser wishes to finance the purchase of the Lot, Purchaser shall, within ten (10) business days from the effective date of this Agreement (being that date upon which Seller signs this Agreement), apply to one or more lending institutions for such loan and deliver to Seller a letter from such a lender stating that Purchaser is prequalified for such loan, and Purchaser agrees to perform all of the following acts (herein called the "Mortgage Loan Acts"): to use Purchaser's best efforts to obtain the mortgage loan in good faith; to execute and deliver all necessary documents and disclose all information, to pay any and all costs, charges and expenses in connection with the mortgage loan; to otherwise promptly and diligently comply with all requests of the mortgagee and/or Seller to apply for, obtain and close the mortgage loan; and, where deemed necessary by Seller, to make further applications for a mortgage loan. It is understood that Purchaser may be required to pay a loan fee for such loan. Purchaser acknowledges and agrees that although Seller may have made arrangements with an institutional lender to make financing generally available for the purchase of lots in the Subdivision, Seller makes no representation or warranty that any such lender will commit to a loan to Purchaser, or, if such a commitment is made, that the lender will make the loan or that such loan will be on any specific terms or conditions. It is Purchaser's sole and complete responsibility to obtain a satisfactory loan. Seller shall have no obligation to arrange for Purchaser's mortgage or other financing, and Purchaser acknowledges and agrees that Seller is not an arranger of credit within the meaning of the Consumer Credit Protection Act or the rules and regulations promulgated thereunder. An executed copy of the loan commitment obtained by Purchaser shall be delivered to Seller immediately upon receipt by Purchaser, but no later than thirty (30) days after loan application by Purchaser.
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Funds for Purchase. In the event that Trustee has elected to purchase shares pursuant to (bb) above, Trustee shall notify each of the non-selling Shareholders of such election as soon as is practicable. Each non-selling Shareholder shall have the right to purchase such Shares in an amount proportionate to the number of Shares held under this Agreement owned by such Shareholder, and any such Shares shall be held pursuant to this Agreement.
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Funds for Purchase. The requirements of this Section A shall only apply if Seller requires Buyer to comply with them.
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Funds for Purchase. (i) In the event the Buyer wishes to finance the purchase of the Apartment, the Buyer shall, within 10 business days from the effective date of this Agreement, apply to one or more lending institutions for such loan and the Buyer agrees to perform all of the following acts (herein called the "Mortgage Loan Acts"): To use his best efforts to obtain the mortgage loan in good faith; to execute and deliver all necessary documents and disclose all information; to pay any and all costs, charges and expenses in connection with the mortgage loan; to otherwise promptly and diligently comply with all requests of the mortgagee and/or the Seller to apply for, obtain and close the mortgage loan; and, where deemed necessary by the Seller, to make further applications for a mortgage loan. It is understood that the Buyer may be required to pay a loan fee for such loan. The Buyer acknowledges that the Seller has made financing
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Funds for Purchase. WAIOHA II
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Funds for Purchase 
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Related to Funds for Purchase

  • Request for Purchase The Company may from time to time during the Issuance Period make requests for purchases of Private Shelf Notes (each such request being herein called a “REQUEST FOR PURCHASE”). Each Request for Purchase shall be made to Prudential by telecopier and confirmed by nationwide overnight delivery service, and shall (i) specify the aggregate principal amount of Private Shelf Notes covered thereby, which shall not be less than $5,000,000 and shall not be greater than the Available Facility Amount at the time such Request for Purchase is made, (ii) specify the principal amounts, final maturities, principal prepayment dates and amounts and interest payment periods (quarterly in arrears) of the Private Shelf Notes covered thereby, (iii) specify the use of proceeds of such Private Shelf Notes, (iv) specify the proposed day for the closing of the purchase and sale of such Private Shelf Notes, which shall be a Business Day during the Issuance Period not more than thirty (30) days after the making of such Request for Purchase and in any event not less than three (3) days after any Acceptance with respect to such Request for Purchase under paragraph 2E, (v) specify the number of the account and the name and address of the depository institution to which the purchase prices of such Private Shelf Notes are to be transferred on the Private Shelf Closing Day for such purchase and sale, (vi) certify that the representations and warranties contained in paragraph 8 hereof are true on and as of the date of such Request for Purchase except to the extent of changes caused by the transactions herein contemplated and that there exists on the date of such Request for Purchase no Event of Default or Default (and that no Event of Default or Default shall arise as the result of the purchase and sale of such Private Shelf Notes), and (vii) be substantially in the form of EXHIBIT B attached hereto. Each Request for Purchase shall be in writing and shall be deemed made when received by Prudential.

  • Payment for Purchase Shares For each Regular Purchase, the Investor shall pay to the Company an amount equal to the Purchase Amount with respect to such Regular Purchase as full payment for such Purchase Shares via wire transfer of immediately available funds on the same Business Day that the Investor receives such Purchase Shares, if such Purchase Shares are received by the Investor before 1:00 p.m., Eastern time, or, if such Purchase Shares are received by the Investor after 1:00 p.m., Eastern time, the next Business Day. For each Accelerated Purchase, the Investor shall pay to the Company an amount equal to the Purchase Amount with respect to such Accelerated Purchase as full payment for such Purchase Shares via wire transfer of immediately available funds on the third Business Day following the date that the Investor receives such Purchase Shares. If the Company or the Transfer Agent shall fail for any reason or for no reason to electronically transfer any Purchase Shares as DWAC Shares in respect of a Regular Purchase or Accelerated Purchase (as applicable) within three (3) Business Days following the receipt by the Company of the Purchase Price or Accelerated Purchase Price, respectively, therefor in compliance with this Section 2(c), and if on or after such Business Day the Investor purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Investor of such Purchase Shares that the Investor anticipated receiving from the Company in respect of such Regular Purchase or Accelerated Purchase (as applicable), then the Company shall, within three (3) Business Days after the Investor’s request, either (i) pay cash to the Investor in an amount equal to the Investor’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the “Cover Price”), at which point the Company’s obligation to deliver such Purchase Shares as DWAC Shares shall terminate, or (ii) promptly honor its obligation to deliver to the Investor such Purchase Shares as DWAC Shares and pay cash to the Investor in an amount equal to the excess (if any) of the Cover Price over the total Purchase Price for such Regular Purchase plus the total Accelerated Purchase Price for such Accelerated Purchase (as applicable). The Company shall not issue any fraction of a share of Common Stock upon any Regular Purchase or Accelerated Purchase. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up or down to the nearest whole share. All payments made under this Agreement shall be made in lawful money of the United States of America or wire transfer of immediately available funds to such account as the Company may from time to time designate by written notice in accordance with the provisions of this Agreement. Whenever any amount expressed to be due by the terms of this Agreement is due on any day that is not a Business Day, the same shall instead be due on the next succeeding day that is a Business Day.

  • Accounting for Purchases Account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as sales of the Receivables and Related Rights by such Originator to the Company.

  • Total Purchase Price (High Bid + Buyer’s Premium) $

  • Deposit of Fundamental Change Purchase Price No later than 10:00 a.m., New York City time, on the Fundamental Change Purchase Date, the Company shall deposit with the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, shall segregate and hold in trust as provided herein) an amount of money (in immediately available funds if deposited on such Fundamental Change Purchase Date) sufficient to pay the Fundamental Change Purchase Price, of all the Securities or portions thereof that are to be purchased as of the Fundamental Change Purchase Date. The Company shall promptly notify the Trustee in writing of the amount of any deposits of cash made pursuant to this Section 5.04. If on the Fundamental Change Purchase Date the Paying Agent holds cash sufficient to pay the Fundamental Change Purchase Price of the Securities that Holders have elected to require the Company to purchase in accordance with Section 5.01, then, as of the Fundamental Change Purchase Date, (a) such Securities will cease to be outstanding and interest, including Additional Interest if any, will cease to accrue thereon and (b) all other rights of Holders in respect of such Securities will terminate (other than the right to receive the Fundamental Change Purchase Price upon delivery or transfer of such Security). This will be the case whether book-entry transfer of the Securities has been made or the Securities have been delivered to the Paying Agent, as the case may be.

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