Owner Financing. Owner may from time to time, directly or indirectly, create or otherwise cause to exist any Fee Mortgage upon the Golf Courses or any portion thereof or interest therein (including direct or indirect interests in Owner which are pledged pursuant to a mezzanine loan or other financing arrangement). This Agreement is and at all times shall be subject and subordinate to any Existing Fee Mortgage and any other Fee Mortgage which may hereafter affect the Golf Courses or any portion thereof or interest therein and in each case to all renewals, modifications, consolidations, replacements, restatements and extensions thereof or any parts or portions thereof. If, in connection with obtaining any Fee Mortgage or entering into any agreement relating thereto, Owner shall request in writing (a) reasonable cooperation from User or (b) reasonable amendments or modifications to this Agreement, in each case required to comply with any reasonable request made by Fee Mortgagee, User shall reasonably cooperate with such request, so long as (i) no default in any material respect by Owner beyond applicable cure periods is continuing, (ii) all reasonable documented out-of-pocket costs and expenses incurred by User in connection with such cooperation, including, but not limited to, its reasonable documented attorneys’ fees, shall be paid by Owner and (iii) any requested action, including any amendments or modifications of this Agreement, shall not (A) increase User’s monetary obligations under this Agreement by more than a de minimis extent, or increase User’s non-monetary obligations under this Agreement in any material respect, or decrease Owner’s obligations under this Agreement in any material respect, (B) diminish User’s rights under this Agreement in any material respect, (C) adversely impact the value of the Golf Courses by more than a de minimis extent or otherwise have a more than de minimis adverse effect on the Golf Courses, User or Owner, or (D) result in a default under any Permitted User Security Instrument.
Owner Financing. Intentionally left blank.
Owner Financing. Owner shall be solely responsible for securing its portion of the Complex Budget required for the planning, development, and construction of the Complex in accordance with the terms hereof and except as expressly provided herein.
Owner Financing. Owner may finance the Equipment or any part thereof, and, in connection therewith, may, as security, give its lender an installment sales instrument or mortgage covering such Equipment or part thereof, or assign rents due hereunder.
Owner Financing. _N/A I/We agree to finance the above described property with --- % down payment, --- %APR for years to a QUALIFIED Buyer.
Owner Financing. (a) The Owner is, or will be, the borrower under external debt financing arrangements with Initial Lenders. The Initial Lenders are [*****].
(b) The Parties acknowledge that the Owner intends to refinance the FLNG Facility and/or the Work, from time to time, after the date of this Agreement by entering into arrangements with banks, insurance companies, financial institutions, export credit agencies and/or other lending institutions providing loan or other credit facilities (including any guarantees, insurance hedging services, bonds or lease financing) for the financing of the FLNG Facility and/or the Work ("Refinanciers").
(c) Prior to the Commercial Operations Date:
(i) any refinancing of the FLNG Facility and/or the Work shall require the Lessee's prior written consent (such consent not to be unreasonably withheld, conditioned or delayed); and
(ii) no Party shall have any obligation to consider or agree to, any amendment to this Agreement requested by or on behalf of, or in response to requests by or on behalf of, the Initial Lenders or Refinanciers.
(d) The Lessee's consent under Clause 28.1(c)(i) (Owner Financing) shall be deemed to be reasonably withheld, conditioned or delayed if the proposed refinancing would require:
(i) [*****]:
(A) [*****];
(B) [*****]; or
(C) [*****], [*****]; or
(ii) the participation of any Refinancier that is:
(A) an agency of the government of, a person directly or indirectly controlled by, or a person listed in, a country that is subject to a sanctions program identified on the list published and maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state, or the United Kingdom, from time to time as such program may be applicable to such agency, or person; or
(B) a person that engages in (or that owns a significant interest in any organisation that engages in) the commercial and economic business that the Lessee is involved in or has significant knowledge of.
(e) Except in response to a request or proposal of the Owner and/or the Lenders that seeks an amendment to the terms of this Agreement or any direct agreement contrary to the principles set out in Clauses 28.1(c)(ii) and/or 28.1(d)(i) (Owner Financing), the Lessee's consent under Clause 28.1(c)(i) (Owner Financing) shall be deemed to be unreasonably conditioned if the Lessee requires, as a condition for its conse...
Owner Financing. The Purchase Price will be paid through financing using the following payment plan: i) Down Payment: $
Owner Financing. The Owner shall provide written bi-monthly (every 2 months) updates to the City and the Authority on the status of Owner Financing approval process for the 150 Main Improvements, and upon receipt of a loan commitment therefore, shall provide a copy thereof to the City and Authority within 5 business days of such loan commitment.
2. Paragraph 4.3 of the Original Agreement, as amended by the First Amendment, is revised to read as follows:
Owner Financing. Within ten (10) business days of receipt of loan commitment documents pursuant Section 4.2, the City and the Authority shall approve or disapprove in writing the Owner Financing which shall not be unreasonably withheld or delayed, which shall be evidence of funds sufficient to Complete Construction of the 150 Main Improvements. Evidence of financing shall include, but not be limited to, bank statements, proof of funds and the loan commitment letter from lender. Approval of Owner Financing shall be determined in the reasonable opinion of the City acting by and through the City Manager, and the Authority acting by and through the Executive Director.
Owner Financing. Not available.
