New Loan. Buyer may apply for mortgage loan financing (the “Loan”) on terms acceptable to Buyer: If an FHA/VA loan applies, see attached FHA/VA Loan Addendum. $ (d) Seller Financing (see attached Seller Financing Addendum) $ (e) Balance of Purchase Price in Cash at Settlement $ PURCHASE PRICE. Total of lines (a) through (e)
New Loan. The Borrower has requested that the Lender make a short-term loan in the original principal amount of $450,000.00 (the “New Loan”) to fund ongoing business operations. Upon the satisfaction of all of the conditions precedent set forth in Paragraph 4 of this Agreement, as determined by the Lender in the Lender’s sole and exclusive discretion, and subject to the terms and conditions of the New Debenture and the Related Documents, the New Loan shall (a) be made by the Lender in accordance with the terms and conditions of the New Debenture and the other Financing Documents, (b) constitute a portion of the Obligations, and (c) be secured by all of the collateral granted to the Lender by the Obligors. The Borrower hereby acknowledges and agrees that (x) the New Loan is a single, one time loan, (y) by making the New Loan the Lender is not agreeing to make any further loans in the future, and (z) will be repaid in full on or before July 29, 2012.
New Loan. (a) The Credit Enhancement Provider hereby makes the New Loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the date of this Agreement in an amount equal to $21,052,640, receipt of which is hereby acknowledged by the Trustee.
(b) On the date hereof, an amount equal to the proceeds of the New Loan made by the Credit Enhancement Provider pursuant to Section 2(a) hereof shall be withdrawn from the Credit Enhancement Account and paid by the Trustee to Greenwood on behalf of the Holder of the Seller Certificate.
New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2~3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify) ____________________________ If an FHAWA loan applies, see attached FHANA Loan Addendum If the loan is to include any particular terms, then check below and give details: [ ] SPECIFIC LOAN TERMS ________________________
New Loan. (a) The Credit Enhancement Provider hereby makes the New Loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the date of this Agreement in an amount equal to $36,656,107.00, receipt of which is hereby acknowledged by the Trustee.
(b) On the date hereof, an amount equal to the proceeds of the New Loan made by the Credit Enhancement Provider pursuant to Section 2(a) hereof shall be withdrawn from the Credit Enhancement Account and paid by the Trustee to Greenwood on behalf of the Holder of the Seller Certificate.
New Loan. Buyer shall be responsible for all costs with respect to any new loan obtained by Xxxxx. Seller shall have no obligation to pay any charge in connection therewith unless specifically set forth in this contract.
New Loan. This agreement is contingent upon buyer's ability to obtain a new loan in the amount of $ . Buyer is not required to accept any loan w ith interest rate exceeding % amortized over years or pay any closing costs or points exceeding $ . Buyer shall provide seller w ith w xxxxxx proof of a loan commitment on or before , 20 .
New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2~3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify)______________________________ If an FHAWA loan applies, see attached FHANA Loan Addendum If the loan is to include any particular terms, then check below and give details: [ ] SPECIFIC LOAN TERMS ________________________ $ 0 (c) Loan Assumption (see attached Assumption Addendum ------------------------ if applicable) $ 480,000 (d) Seller Financing (see attached Seller Financing ------------------------ Addendum if applicable) $ 520,000 (e) Other (specify) See Addendum #1 ------------------------ ----------------------- $ 0
New Loan. Buyer may apply for mortgage loan financing (the “Loan”) on terms acceptable to Buyer: If an FHA/VA loan applies, see attached FHA/VA Loan Addendum. ___________________
New Loan. In the event Employee sells the Property and purchases a new residence, the Company agrees to enter into a new housing assistance loan (the "New Loan"), the terms of which will be the same in all material respects to the terms of Housing Assistance Loan, including but not limited to the terms related to the on-going loan repayment obligations of Employee and the repayment obligations of Employee in the event of termination by the Company, provided, however, that (i) at the time of the close of escrow for the new residence, the Employee must be currently employed at the Company, (ii) the amount of the New Loan will be equal to the price of the new residence minus $228,000, but in no event shall it exceed the amount outstanding under the Note at the time such amount became due and payable and (iii) the New Loan will be due and payable on the tenth anniversary of the date of the Note.