Deferred Purchase Price Note definition

Deferred Purchase Price Note means the deferred purchase price note to be issued by Purchaser in the form of Exhibit D hereto.
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Deferred Purchase Price Note has the meaning specified in Section 9.09.
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Deferred Purchase Price Note means the promissory note provided by Borrower to Seller at the Closing in the principal amount of $3,449,401.47, obligating Borrower to pay Seller the amount of funds Ocwen (or Seller) previously invested at the Project Properties and which remains unpaid as of the Closing Date. The repayment of the Deferred Purchase Price Note is secured by the Subordinated Mortgage.
Sample 1

Examples of Deferred Purchase Price Note in a sentence

  • Ocwen shall have such 30 days to provide Borrower with a payoff letter and to provide to a title company or other escrow agent a satisfaction and release of this Instrument to be held by such escrow agent in escrow until Ocwen shall have received payment in full of the Term Note, and if applicable, the Deferred Purchase Price Note and BCC Note.

  • In the event that Ocwen fails to provide a letter of payoff or provide the release of lien of this Instrument within the time period described above, and solely as a result of Ocwen's failure to timely respond (and not as a result of any action or inaction by Borrower), Borrower fails to make a payment when due under the Term Note, Ocwen may not accelerate payments due under the Term Note, or deem payment due under the Deferred Purchase Price Note and/or BCC Note.

  • In the event that, notwithstanding the foregoing provision limiting such payment, the Seller shall receive any payment or distribution on this Deferred Purchase Price Note which is not specifically permitted by Section 2.03(c) of the Purchase and Contribution Agreement, such payment shall be received and held in trust by the Seller for the benefit of the entities to whom the obligations are owed under the Sale Agreement and shall be promptly paid over to such entities.

  • The obligations of the Purchaser under this Deferred Purchase Price Note are subordinated in right of payment, to the extent set forth in Section 2.03(c) of the Purchase and Contribution Agreement, to the prior payment in full of all Capital, Yield, Fees and other obligations of the Purchaser under the Sale Agreement.

  • The Funds shall be held by Ocwen and shall be applied to pay said rates, rents, and/or license, permit, or other fees ("Other Impositions") so long as no Event of Default has occurred under any of the Transaction Documents, specifically including but not limited to the BCC Note and/or Deferred Purchase Price Note.

  • Any waiver by Ocwen of a requirement that Borrower pay such Funds following Borrower's default in payment of any of such items or the occurrence of an Event of Default under any of the Transaction Documents, specifically including but not limited to the BCC Note and Deferred Purchase Price Note, may be revoked by Ocwen, in Ocwen's sole discretion, at any time upon notice in writing to Borrower.

  • Provided that Borrower is not in default hereunder and an Event of Default has not occurred and is not continuing under any of the Transaction Documents, specifically including but not limited to the BCC Note and the Deferred Purchase Price Note, insurance proceeds shall be held by Ocwen to reimburse Borrower for the cost of restoration and repair of the Property, and the Property shall be restored to the equivalent of its original condition or such other condition as Ocwen may approve in writing.

  • The obligations of the Purchaser under this Deferred Purchase Price Note are subordinated in right of payment, to the extent set forth in Section 2.03(c) of the Purchase and Contribution Agreement, to the prior payment in full of all Capital, Yield, Fees and other obligations of the Purchaser under the RPA.

  • This Deferred Purchase Price Note is issued and delivered pursuant to that certain Note and Collateral Agency Agreement dated as of the date hereof executed by and between Obligor, certain of its subsidiaries, Obligee and Stichting Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke Belangen, on its own behalf and as administrative agent, as amended, supplemented or modified (the "Loan Agreement") and shall be governed by the provisions of the Loan Agreement.

  • In addition, the Seller acknowledges the subordination provisions set forth in the promissory note evidencing the Deferred Purchase Price (the "Deferred Purchase Price Note"), the form of which is attached hereto as Exhibit B, and agrees to be bound thereby.


More Definitions of Deferred Purchase Price Note

Deferred Purchase Price Note has the meaning specified in the Originator Purchase Agreement.
Sample 1
Deferred Purchase Price Note the promissory note given by Buyer to Seller as of the Effective Date in the principal amount of the Deferred Purchase Price, payable to Seller as set forth in the Deferred Purchase Price Note. The form of Deferred Purchase Price Note is attached hereto as Exhibit B.
Sample 1

Related to Deferred Purchase Price Note

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Receivables Purchase Price means $1,403,509,094.50.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Combined Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Adjusted Purchase Price has the meaning set forth in Section 2.2.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Accelerated Purchase Price means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, ninety-five percent (95%) of the lower of (i) the VWAP for the period beginning at 9:30:01 a.m., Eastern time, on the applicable Accelerated Purchase Date, or such other time publicly announced by the Principal Market as the official open (or commencement) of trading on the Principal Market on such applicable Accelerated Purchase Date (the “Accelerated Purchase Commencement Time”), and ending at the earliest of (A) 4:00:00 p.m., Eastern time, on such applicable Accelerated Purchase Date, or such other time publicly announced by the Principal Market as the official close of trading on the Principal Market on such applicable Accelerated Purchase Date, (B) such time, from and after the Accelerated Purchase Commencement Time for such Accelerated Purchase, that the total number (or volume) of shares of Common Stock traded on the Principal Market has exceeded the applicable Accelerated Purchase Share Volume Maximum, and (C) such time, from and after the Accelerated Purchase Commencement Time for such Accelerated Purchase, that the Sale Price has fallen below the applicable Accelerated Purchase Minimum Price Threshold (such earliest of (i)(A), (i)(B) and (i)(C) above, the “Accelerated Purchase Termination Time”), and (ii) the Closing Sale Price of the Common Stock on such applicable Accelerated Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.