Financing Purposes definition
Examples of Financing Purposes in a sentence
Prior to Completion: (i) Developer shall not have any authority to encumber the Property for any purpose other than Permitted Financing Purposes; (ii) Developer shall notify Agency in advance of any proposed financing; and (iii) Developer shall not enter into any agreements for financing requiring a conveyance of security interests in the Property without the prior written approval of Agency.
Assuming the satisfaction of the conditions set forth in Article VI, the Financing funded on the Closing Date, when funded in accordance with the Financing Commitments, together with cash on hand or other sources of funds immediately available to Buyer, will provide Buyer with funds sufficient to satisfy all of Buyer’s obligations under this Agreement, including the obligations under Article I and the Financing Purposes.
Prior to Completion: (1) Developer shall not have any authority to encumber the Property for any purpose other than Permitted Financing Purposes and Construction Easements (defined below); (2) Developer shall notify the City in advance of any proposed financing; and (3) Developer shall not enter into any agreements requiring a conveyance of security interests in the Property without the prior written Approval of the Mayor in accordance with Section 106.
Prior to Completion: (1) Developer shall not have any authority to encumber the Property for any purpose other than Permitted Financing Purposes; (2) Developer shall notify the City in advance of any proposed financing; and (3) Developer shall not enter into any agreements for non-Permitted Financing Purposes requiring a conveyance of security interests in the Property without the prior written approval of the City.
Access shall include the right of union representatives to meet with newly hired unit members, without charge to the pay or leave time of the unit member, for 30 minutes, within 30 calendar days from the date of hire, during new employee orientations, or if the unit member does not attend an orientation, at individual or group meetings.
The Record Owner acknowledges and agrees that the Assessment ▇▇▇▇▇▇ does not exceed the special benefit conferred on the Property by the Financing Purposes thereon.
As of the date hereof, Buyer has not incurred any obligation, commitment, restriction or liability of any kind, and is not contemplating or aware of any obligation, commitment, restriction or liability of any kind, in either case, which would reasonably be expected to impair or adversely affect the Financing by an amount that, when taken together with the amount of all other sources then available to be funded on the Closing Date, would be less than the amount necessary to fund the Financing Purposes.
The Record Owner shall promptly notify the Governmental Unit or any Assignee or any third party acting on their behalf in writing of any potential Insolvency Event and all pending or threatened litigation or other matters that may materially and adversely affect the Property or Record Owner’s ability to meet its obligations under the Transaction Documents or otherwise with respect to the Financing Purposes.
Prior to Completion: (1) Owner shall not have any authority to encumber the Property or Leasehold for any purpose other than Permitted Financing Purposes; (2) the Owner shall notify the Agency in writing in advance of any proposed financing; and (3) Owner shall not enter into any agreements for financing requiring a conveyance of security interests in the Property or Leasehold without the prior written approval of the Agency.
There are no other Contracts, agreements, side letters or arrangements to which Buyer is a party relating to the funding or investing, as applicable, of the Financing, other than as expressly set forth in the Commitment Letters, that would reduce the aggregate amount of the Financing to an amount less than the amount necessary to fund the Financing Purposes.