Terms of Financing. The Company hereby covenants and agrees that any and all sales by the Company of its equity securities in any Affiliate Financing shall be made on good faith terms and at commercially reasonable valuations.
Terms of Financing. Property Owner shall promptly notify the District and Capital Provider, in writing, at least ten (10) business days prior to any transfer of title or interest in the Property. by providing a completed Notice of Transfer of Property Ownership in form and substance acceptable to Capital Provider. Nothing herein shall prevent or restrict any lender from foreclosing and taking title to the Property and, except for statutory notices required under Colorado law with respect to any foreclosure proceedings, this provision does not apply to such transfers by foreclosure; provided that such foreclosing lenders shall take the Property subject to the CoPACE Financing.
Terms of Financing. The Issuer shall ensure that the Issue does not violate the terms of any existing Financial Indebtedness of the Issuer.
Terms of Financing. (if applicable): Not applicable: Student will pay the tuition balance in full. 3-Payment Plan 6-Payment Plan 12-Payment Plan Third party financing via Climb Credit and according to VSA’s tuition policies.
Terms of Financing. Seller and Buyer agree to cooperate with each other diligently, promptly, and in good faith, at Buyer’s sole cost and expense, including legal fees and costs of the Lender or any other lender (except with respect to Seller’s legal fees) in seeking to obtain (a) the consent of Lender to the sale of the Property and (b) the Buyer’s Financing, including the Assumption, if applicable. In connection with such approval, both parties will supply the information reasonably requested by Lender with respect to such approval. Buyer shall, within five (5) business days after Buyer’s receipt of Lender’s requirements with respect to the proposed Assumption, deliver a package to Lender, containing such information regarding Buyer and Buyer’s proposed acquisition of the Property and the Assumption as Lender may reasonably require in order to consider the request for the Assumption, and for such modifications related thereto as Buyer may request (and such delivery of any such information shall in no event violate any confidentiality requirements between Seller and Buyer). Buyer shall in no event negotiate with Lender for the purchase of the Existing Loan, and Buyer acknowledges and agrees that it shall communicate and negotiate with Lender, in good faith, only regarding the assumption (and such modifications related thereto) of the Existing Loan. In the event (x) Buyer and Lender cannot agree upon the terms and conditions of the Assumption, which Assumption is to be evidenced by a commitment in writing signed by Lender and Buyer containing all necessary material terms that bind Lender and Buyer (“Commitment”), which Commitment shall be made and entered into by and between Buyer and Lender, if at all, on or before the expiration of the Inspection Period, or (y) Buyer is not otherwise able to satisfy itself as to Buyer’s Financing (in Buyer’s sole discretion) by the expiration of the Inspection Period, then Buyer shall have the right to terminate this Agreement upon written notice to Seller, and Buyer and Seller shall thereafter have no further rights or obligations with respect to this Agreement (other than such rights or obligations which expressly survive the expiration or termination of this Agreement). Buyer shall in no event be obligated to provide Seller with any information regarding its negotiations with respect to the Buyer’s Financing (including the Assumption); provided, however, that Buyer acknowledges and agrees that it shall cause Xxxxx Xxxx of Holiday Xxxxxxx...
Terms of Financing. Balance of the Purchase Price, after accounting for the Xxxxxxx Money, shall be paid in wire transferred funds, or by certified or cashier’s check at time of delivery of deed, conditioned upon Purchaser’s ability to obtain financing to be secured by first mortgage or deed of trust, on above described Property in the amount of $ . The financing will be (select one) VA, FHA, CONVENTIONAL, USDA or , check here if loan to be NIFA qualified and for an initial interest rate not exceeding % per annum, plus mortgage insurance. The note will be for a period of not less than years. Loan origination/service fee to be paid by Purchaser except as otherwise agreed herein. Seller Financing: - See attached addendum Loan Assumption: - See attached addendum.
Terms of Financing. Deliver to the seller a promissory note having an original principal amount equal to the balance of the purchase price for the Units (the "Note") and containing the following terms:
a) The note shall be payable in up to ten (10) equal annual installments on the first ten (10) anniversaries of the date of the closing, with interest on the declining unpaid principal balance at the minimum annual interest rate sufficient to avoid imputed interest under any applicable section of the Internal Revenue Code and regulations (AKA the Federal Applicable Rate).
b) The Note may be prepaid, in whole or in part, at any time without penalty.
c) If any installment of principal or interest shall be overdue for more than twenty (20) days, a late fee of 2% of the amount due may be charged by the Note Holder for the purpose of defraying any expenses resulting from handling the delinquency.
d) The outstanding principal balance, plus accrued interest, may be accelerated by the Note Holder if any default under the Note is not cured by the maker within thirty (30) days after notice of such default from the Note Holder.
e) The Note must provide for the payment by the maker and guarantors of any attorney's fees as may be fixed by a court should litigation be required to enforce payments of the note.
f) The Note must be secured by a pledge of the Company Units pursuant to a pledge agreement providing the pledgee with all rights and remedies of a secured party under the Uniform Commercial Code with respect to the Units and providing for the release from the pledge from time to time of a portion of the Units representing the same proportion of the principal amount paid from time to time.
Terms of Financing. Any financing to be secured by a Leasehold Mortgage upon Tenant’s Leasehold Estate shall (i) be in a total principal amount not to exceed eighty percent (80%) of the then fair market value of Tenant’s Leasehold Estate calculated at the time of the funding of such financing, which fair market value shall be determined by appraisal in accordance with the terms set forth in Section 8.4 below, (ii) may not extend beyond the expiration of the Term, and (iii) meet the requirements of this ARTICLE 8. Tenant shall use commercially reasonable efforts to obtain (but shall not be in default hereunder if it does not obtain) non-recourse financing on any financing secured by a Leasehold Mortgage.
Terms of Financing. The C-PACE Financing amount, interest rate, repayment schedule, maturity and other material terms of the C-PACE Financing are set forth in Exhibit A hereto.
Terms of Financing. The terms of the financing ("Financing") are as follows:
