Property Purchase. On each Property Closing Date and subject to the terms and conditions of this Agreement (a) the Holders will each make a Holder Funding in accordance with SECTIONS 2 AND 5 of this Agreement and the terms and provisions of the Trust Agreement, (b) the Lenders will make Loans in accordance with SECTIONS 1 AND 5 of this Agreement and the terms and provisions of the Credit Agreement, and (c) the Lessor will purchase, or lease pursuant to a Ground Lease, the applicable Property identified by the Construction Agent, and grant the Agent a Lien on such Property by execution of the required Security Documents.
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Samples: Participation Agreement (Tech Data Corp), Participation Agreement (Aviation Sales Co)
Property Purchase. On each Property Closing Date and subject to the terms and conditions of this Agreement (a) the Holders will each make a Holder Funding in accordance with SECTIONS Sections 2 AND and 5 of this Agreement and the terms and provisions of the Trust Agreement, (b) the Lenders will make Loans in accordance with SECTIONS Sections 1 AND and 5 of this Agreement and the terms and provisions of the Credit Agreement, and (c) the Lessor will purchase, or lease pursuant to a Ground Lease, the applicable Property identified by the Construction Agent, and grant the Agent a Lien on such Property by execution of the required Security Documents.
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Samples: Participation Agreement (Wackenhut Corrections Corp), Participation Agreement (Wackenhut Corrections Corp)
Property Purchase. On each the Property Closing Date and subject to the terms and conditions of this Agreement (a) the Holders will each make a Holder Funding Advance in accordance with SECTIONS Sections 2 AND and 5 of this Agreement and the terms and provisions of the Trust Agreement, (b) the Lenders will make Loans in accordance with SECTIONS Sections 1 AND and 5 of this Agreement and the terms and provisions of the Credit Agreement, and (c) the Lessor will purchase, purchase pursuant to a Deed or lease pursuant to a Ground LeaseLease each Property, as the applicable Property identified by the Construction Agentcase may be, and grant the Agent a Lien on such each Property by execution of the required Security Documents.
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