Suites Phase I Investors Sample Clauses

Suites Phase I Investors. As a condition precedent to the receipt of funds pursuant to Section 3(d)(i) of this Agreement, Suites Phase I Investors must first execute a release of all claims in favor of the Xxxxxxx Xxxxx Released Parties, the Receiver, and the Receivership Estate in the form attached hereto as Exhibit “D” (the “Investor Release”). The Receiver shall not disburse funds to a Suites Phase I Investor pursuant to Section 3(d)(i) unless such Investor first executes the Investor Release.
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Suites Phase I Investors. As a condition precedent to the receipt of funds pursuant to Section 3(d)(i) of this Agreement, in addition to executing the Investor Release, the Suites Phase I Investors who receive funds must assign to the Receiver any interest they may have had, or still have, in and to the Tram Haus Lodge by executing an Assignment of Limited Partnership Interest in substantially the same form as the attached Exhibit “G”. The Receiver shall not disburse funds to a Suites Phase I Investor pursuant to Section 3(d)(i) unless such Investor first executes an Assignment of Limited Partnership Interest.
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Related to Suites Phase I Investors

  • Initial Closing In consideration for each applicable Lender’s payment of its pro rata share of the aggregate purchase price (the “Closing Note Purchase Price”) of the Notes to be purchased by the Lenders at the Closing (as defined below), which is set forth opposite such Lender’s name in column four (4) of the Schedule of Lenders attached hereto, the Borrower shall issue and sell to such Lender on the Closing Date (as defined below), and each applicable Lender severally, but not jointly, agrees to purchase from the Borrower on the Closing Date, a Note, in substantially the form attached hereto as Exhibit A, and in the aggregate principal amount as is set forth opposite such Lender’s name in column four (4) of the Schedule of Lenders attached hereto. The closing (the “Closing”) of the transactions contemplated by this Agreement and the issuance of the Notes to be issued on the Closing Date by the Borrower and the purchase thereof by the applicable Lenders shall occur at the offices of Xxxxxx Xxxxxx Xxxxxxxx LLP, 000 Xxxx Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000. The date and time of the Closing (the “Closing Date”) shall be 10:00 a.m., Chicago time, on the date hereof, subject to notification of satisfaction (or waiver) of the conditions to the Closing set forth in Section 5.1 below (or such later date as is mutually agreed to by the Borrower and the Agent). On the Closing Date, (i) each Lender shall pay its pro rata share of the Closing Note Purchase Price to the Borrower for the Notes to be issued and sold to such Lender at the Closing, by wire transfer of immediately available funds, as more fully set forth on the Schedule of Lenders and (ii) the Borrower shall deliver to each Lender the Notes (in the denominations as such Lender shall have requested prior to the Closing) which such Lender is then purchasing, duly executed on behalf of the Borrower and registered in the name of such Lender or its designee.

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