FF&E Lender definition
Examples of FF&E Lender in a sentence
Pursuant to the FF&E Settlement Agreement and the Plan, on the Effective Date, the FF&E Lender shall be deemed to release its Liens, Claims and encumbrances evidenced by the FF&E Loan Documents (subject to the immediately preceding sentence).
In full satisfaction of the Allowed Class 4 Claim, and pursuant to the terms of the FF&E Settlement Agreement, on the Effective Date, the Debtor shall pay the FF&E Lender cash in the amount of $11,000,000, less any monthly payments made to the FF&E Lender during the Case in excess of the $5,000,000 paid to the FF&E Lender during the Case as of May 1, 2004.
On or about February 19, 2003, the Debtor and the FF&E Lender entered into an agreement pursuant to which all issues between the Debtor and the FF&E Lender concerning the amount and priority of the FF&E Lender's Claim and the treatment of such Claim under a plan were resolved.
The Belding Agreement provided, among other things, that the FF&E Lender would receive payments of up to $500,000 per month during the Case and would be paid certain amounts in connection with confirmation of a plan.
Belding (the "FF&E Lender") entered into an Assignment, Assumption and Consent Agreement, pursuant to which Wells Fargo assigned one hundred percent (100%) of its interest in the FF&E Loan to the FF&E Lender.
After receipt by the Required Term Loan A Lenders (other than the FF&E Lender) of the Initial Time Share Premises Payment, all references in this Agreement to the Required Term Loan A Lenders with respect to the Time Share Premises shall include the FF& E Lender.
Pursuant to the terms of the Belding Agreement, commencing in July 2003, the FF&E Lender has received payments of $500,000 per month for total payments during the Case, as of May 1, 2004, in the amount of $5,000,000.
This aimed to reinforce the interventions under components 1 and 2 by encouraging the public to adopt energy efficiency in everyday life.
The Debtor, the FF&E Lender, and the objecting parties agreed to proceed with the matter by way of an adversary proceeding and the matter was converted to an adversary proceeding.
As of the Petition Date, the FF&E Lender asserts that the balance outstanding on the FF&E Loan was $17,808,125.50.