Qualified Purchase Sample Clauses

Qualified Purchase. A Qualified Purchase does not include the following:
Sample 1
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Qualified Purchase. A receivables purchase which is made by Borrower from a Qualified Developer in connection with a Qualified Resort, permits the Qualified Developer to sell to Borrower Consumer Notes Receivable for a cash price not less than Five Million Dollars ($5,000,000) (which the Qualified Developer is reasonably expected to need), is secured by any Lien on real property which secures any loan made to the Qualified Developer and hypothecated under the RFI ADC Credit Facility and from which the Intervals which are the subject of Consumer Notes Receivable being purchased as part of the receivables purchase transaction have been created, and is otherwise satisfactory to Lender, based upon any factors that Lender deems relevant. No purchase shall be deemed a Qualified Purchase unless and until Lender has so designated such purchase in writing. By way of clarification, a Qualified Purchase does not need to at any time have an outstanding unamortized investment by Borrower of Five Million Dollars ($5,000,000) or more.
Sample 1

Related to Qualified Purchase

  • Qualified Purchaser Subscriber will generally qualify as a “qualified purchaser” if Subscriber falls within one or more of the following categories:

  • Deferred Purchase Price On each Business Day on and after the Final Payout Date, the Servicer, on behalf of the Agent, shall pay to the SPV an amount equal to the Collections of Receivables received by the SPV less the accrued and unpaid Servicing Fee (and the SPV (or the Servicer on its behalf) shall apply such Collections in the manner described in Section 2.14).

  • Purchase The Purchase Price for each one one-hundredth of a Preferred Share pursuant to the exercise of a Right shall be initially $40.00, shall be subject to adjustment from time to time as provided in Sections 11, 13 and 26 and shall be payable in lawful money of the United States of America in accordance with Section 7.3.

  • Purchase Rights Fundamental Transactions In addition to any adjustments pursuant to Section 10 above, if at any time the Company grants, issues or sells any options, convertible securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders of Common Stock (“Purchase Rights”), then the Holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.

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