Common use of Outstanding Company Debt Financing Clause in Contracts

Outstanding Company Debt Financing. The Outstanding Company Debt Financing shall not exceed $11,600,000. BNP shall have no obligation to close the transactions contemplated herein if BNP determines that it is unable to assume the Outstanding Company Debt Financing upon terms acceptable to BNP.

Appears in 1 contract

Samples: Exchange Agreement (BNP Residential Properties Inc)

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Outstanding Company Debt Financing. The Outstanding Company Debt Financing shall not exceed Two Million Six Hundred Ten Thousand Dollars ($11,600,0002,610,000). BNP shall have no obligation to close the transactions contemplated herein if BNP determines that it is unable to assume the Outstanding Company Debt Financing upon terms acceptable to BNP.

Appears in 1 contract

Samples: Exchange Agreement (BNP Residential Properties Inc)

Outstanding Company Debt Financing. The Outstanding Company Debt Financing shall not exceed $11,600,0005,700,000. BNP shall have no obligation to close the transactions contemplated herein if BNP determines that it is unable to assume the Outstanding Company Debt Financing upon terms acceptable to BNP and it is unable to secure a commitment for financing to payoff and refinance the Outstanding Company Debt Financing upon terms acceptable to BNP, including without limitation a commitment that the lender close simultaneously with the Closing.

Appears in 1 contract

Samples: Exchange Agreement (BNP Residential Properties Inc)

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Outstanding Company Debt Financing. The Outstanding Company Debt Financing shall not exceed $11,600,00023,250,000. BNP shall have no obligation to close the transactions contemplated herein if BNP determines that it is unable to assume the Outstanding Company Debt Financing upon terms acceptable to BNP.

Appears in 1 contract

Samples: Exchange Agreement (BNP Residential Properties Inc)

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