Examples of Bridge Loan Costs in a sentence
The "Bridge Loan Costs" shall not include any underwriting discounts or commissions incurred by a Purchaser or costs and expenses under Section 8, including, without limitation, the Registration Costs Exchange Commission the Registration Statement and amendments, post-effective amendments, and supplements thereto and preparing, printing and delivering exhibits thereto and copies of the preliminary, final and supplemental prospectuses which such costs shall in all cases be paid by the Company.
In the event that the Closing occurs but any fees (including any fees payable under the fee letter), expenses or, other amounts other than the Bridge Loan Costs specified above, are payable or paid, or any interest has been paid or is payable in respect of the Bridge Loans (such other fees, expenses, other amounts or interest, “Additional Financing Costs”), such Additional Financing Costs shall be treated as “Transaction Expenses” and deducted from the purchase price.
Upon repayment of the Bridge Loan in its entirety, including interest and other costs, then to the extent the Bridge Loan Reserve is greater than the Bridge Loan Costs, the difference shall be a return of capital from the Project Partnership to the Partnership pursuant to the terms of the Project Partnership Agreement, and shall be paid by the Initial Limited Partner to the Partnership.
In addition to such Bridge Loan Costs, the Partnership shall pay the Bridge Lender as set forth at Section 4.2. Section 5.3. Reimbursement from the Partnership for Offering and Organizational Expenses.
Also pursuant to the terms of the Project Partnership Agreement, $300,000 of the equity contribution to the Project Partnership made by the Partnership as described in Section 3.1(b)(i) above (the “Bridge Loan Reserve”) was paid to the Initial Limited Partner by the Project Partnership for purposes of paying the Bridge Loan Costs.
Any Bridge Loan Costs paid by the Partnership, whether paid directly or reimbursed, shall be a Partnership expense.
The Partnership shall pay directly or reimburse Gentry Mills and its Affiliates for Bridge Loan Costs (as hereafter defined) in an amount not to exceed the sum of (i) the Bridge Contribution Net Income (as hereafter defined), plus (ii) $400,000.