Purchase Money. Liens securing Indebtedness permitted under Section 10.3.1(e); provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition;
Purchase Money. If proceeds of any loan from CNB to Debtor are to enable Debtor to acquire rights in or the use of Collateral, Debtor shall use the loan proceeds for such purpose, and deliver the Collateral to CNB when requested by CNB.
Purchase Money. Debtor acknowledges that the proceeds of the obligations secured by this Security Agreement have been used to enable Debtor to acquire ownership of the Stock Shares.
Purchase Money. The funds advanced to Borrower under the Note were used to pay all or part of the purchase price of the Property. The Note also is primarily secured by the vendor’s lien retained in the deed of even date with this Security Instrument conveying the Property to Borrower, which vendor’s lien has been assigned to Lender, this Security Instrument being additional security for such vendor’s lien.
Purchase Money. (Check as applicable)
Purchase Money. Purchase money Debt (including Capital Leases) hereafter incurred by any Borrower Entity to finance the purchase of fixed assets, provided that (i) the total of all such Debt for all such Persons taken together shall not exceed an aggregate principal amount of $10,000,000 at any one time outstanding and (ii) no such Debt shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing.
Purchase Money. Liens granted with respect to equipment purchased after the date of this Agreement; and
Purchase Money. Liens that secure any of the Permitted Debt -------------- described in SECTION 8.1(D) (together with any renewal, extension, amendment, or modification of any such Lien) so long as each such Lien never cover any assets except the assets acquired, constructed, or improved with the directly related Permitted Debt.
Purchase Money. Debtor acknowledges that a portion of the proceeds of the obligations secured hereby have been used to enable Debtor to acquire rights in, or the use of, the collateral presently owned by Debtor.
Purchase Money. Purchase money Liens upon or in any real property or equipment acquired or held by the Borrower or any Subsidiary in the ordinary course of business to secure the purchase price of such property or equipment or to secure Debt incurred solely for the purpose of financing the acquisition of such property or equipment, or Liens existing on such property or equipment at the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not incurred to finance the acquisition of such property) or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, or Liens of a lessor under an operating lease, provided, however, that no such Lien shall extend to or cover any properties of any character other than the real property or equipment being extended, renewed or replaced, provided further that the aggregate principal amount of the indebtedness secured by the Liens referred to in this clause (b) and the Debt incurred in connection with Section 5.1(c)(v) shall not exceed $35,000,000 in the aggregate at any time outstanding. c.
