New Financing Clause Samples
The New Financing clause defines the terms and conditions under which a party, typically a borrower or company, may obtain additional funding during the term of an agreement. This clause often outlines the process for seeking new loans or investments, specifies any required consents from existing stakeholders, and may set limits or conditions on the amount and type of new financing permitted. Its core function is to manage the risks and interests of existing parties by ensuring that any new financial arrangements do not adversely affect their rights or the overall financial structure.
New Financing. Not create, incur or suffer to exist any deed of trust, mortgage, lien, pledge or other encumbrance in any way affecting any portion of such Seller’s Property, other than the Permitted Exceptions, without the prior written consent of the Buyer.
New Financing. This contract is not subject to financing.
New Financing. Buyer will secure a commitment for new third party financing for $33,750. or ______% of the purchase price at the prevailing interest rate and loan costs. Buyer will keep Seller and Broker fully informed of the loan application status and progress and authorizes the lender or mortgage broker to disclose all such information to Seller and Broker.
New Financing. Buyer will secure a commitment for new third party financing for $ 65 or % of the purchase price at (Check one) 🞎 a fixed rate not exceeding % 🞎 an 66 adjustable interest rate not exceeding % at origination (a fixed rate at the prevailing interest rate 67 based on ▇▇▇▇▇’s creditworthiness if neither choice is selected). Buyer will keep Seller and Broker fully 68 informed of the loan application status and progress and authorizes the lender or mortgage broker to 69 disclose all such information to Seller and Broker.
New Financing. If any future mortgagee requires, as a good faith condition of any financing, that modifications to this Lease be obtained, and provided that such modifications (i) are reasonable, (ii) do not adversely affect Tenant's use and enjoyment of the Premises and the Common Areas or change the character of the Building from a Class A low-rise office building, (iii) do not materially alter the Approved Plan for the Premises, and (iv) do not increase the Rent and other sums required to be paid by Tenant, then Landlord may submit to Tenant a written amendment to this Lease incorporating mortgagee’s required modifications, and, if Tenant does not execute and return to Landlord such written amendment within fifteen (15) Business Days after the same has been submitted to Tenant, then Landlord shall thereafter have the right, at its sole option, to cancel this Lease. Such option shall be exercisable by Landlord giving Tenant written notice of cancellation, immediately whereupon this Lease shall be cancelled and terminate, and any money held by Landlord on Tenant’s behalf shall be returned to Tenant, and both Landlord and Tenant shall thereupon be relieved from any and all further liability or obligation under this Lease.
New Financing. The Company shall have entered into definitive documentation with third parties for new senior financing on the terms reasonably satisfactory to LGE in an amount of not less than $100 million and such definitive documentation shall be reasonably satisfactory in form and substance to LGE.
New Financing. In the event that the trust or mortgage lender providing the first mortgage interim construction financing for the Building and/or the first mortgage permanent financing for the Building requires, as a condition of such financing, that modifications to this Deed of Lease be obtained, and provided that such modifications (i) are reasonable, (ii) do not adversely affect Tenant’s use of the Demised Premises as herein permitted, (iii) do not materially alter the approved Space Plan for the Demised Premises, and (iv) do not increase the rent and other sums required to be paid by Tenant hereunder, then Landlord may submit to Tenant a written amendment to this Deed of Lease incorporating such required modifications, and, in the event Tenant does not execute and return to Landlord such written amendment within seven (7) days after the same has been submitted to Tenant, then Landlord shall send Tenant a written notice that Landlord has the right to cancel this Deed of Lease if Tenant does not execute the amendment within three (3) business days. If Tenant fails to execute the amendment within such three (3) day period, then Landlord shall thereafter have the right, at its sole option, to cancel this Deed of Lease. Such option shall be exercisable by Landlord giving Tenant written notice of cancellation, immediately whereupon this Deed of Lease shall be canceled and terminated, and any money or security therefor deposited by Tenant with Landlord shall be returned to Tenant, subject to the provisions of Section 5 of this Deed of Lease, and both Landlord and Tenant shall thereupon be relieved from any and all further liability or obligation hereunder.
New Financing. The Company will use its best efforts to obtain New Financing.
New Financing. In the event that any trust or mortgage lender providing financing in connection with the Building requires, as a condition of such financing, that modifications to this Lease be obtained, and provided that such modifications (i) are reasonable, (ii) do not adversely affect Tenant’s use of the Demised Premises as herein permitted, (iii) do not materially alter the approved Space Plan for the Demised Premises, and (iv) do not increase the rent and other sums required to be paid by Tenant hereunder, then Landlord may submit to Tenant a written amendment to this Lease incorporating such required modifications, and, in the event Tenant shall execute and return to Landlord such written amendment within seven (7) business days after the same has been submitted to Tenant.
New Financing. In the event any Leasehold Mortgagee requires, as a condition of providing financing, that modifications to this Lease be obtained, and provided that such modifications do not, in Lessor's reasonable judgment, unreasonably increase Lessor's obligations or reduce Lessor's rights under this Lease, then Lessee shall submit to Lessor a written amendment to this Lease incorporating such required modifications, and Lessor shall execute such amendment and deliver the same to Lessee within thirty (30) days after receipt of such amendment.