Future Funding Transaction definition

Future Funding Transaction. Any Transaction approved by Buyer pursuant to Section 3.10.

Future Funding Transaction means an additional Transaction requested with respect to any Purchased Asset to provide for the advance of additional funds in connection with any future funding that the applicable Seller is obligated to make to the related Mortgagor under a Purchased Asset.

Future Funding Transaction means any Transaction approved by Buyer pursuant to Section 3(o).

Examples of Future Funding Transaction in a sentence

• Neither the Transaction Documents nor any Transaction, Additional Purchase Transaction or Future Funding Transaction thereunder are entered into in contemplation of insolvency or with intent to hinder, delay or defraud any of Seller’s creditors.

• As of the related Purchase Date and the date of each Future Funding Transaction and Additional Purchase Transaction, Seller has no Knowledge of any facts or circumstances that are reasonably likely to have a material adverse effect on any Purchased Asset or Underlying Mortgaged Property.

• Buyer and each Seller acknowledge that, and have entered hereinto and will enter into each Transaction (including an Additional Purchase Transaction or Future Funding Transaction) hereunder in consideration of and in reliance upon the fact that, all Transactions hereunder constitute a single business and contractual relationship and have been made in consideration of each other.

• No part of the proceeds of any Transaction (including, for the avoidance of doubt, any Future Funding Transaction) shall be used for any purpose that violates Regulation T, U or X of the Board of Governors of the Federal Reserve System.

• Buyer’s failure to respond to Seller on or prior to five (5) calendar days prior to the proposed Purchase Date, shall be deemed to be a denial of Seller’s request that Buyer approve the proposed Eligible Asset or proposed Additional Purchase Transaction or Future Funding Transaction, as applicable, unless Buyer and Seller has agreed otherwise in writing.

More Definitions of Future Funding Transaction

Future Funding Transaction means an additional Transaction requested with respect to any Purchased Asset to provide for the advance of additional funds in connection with any future funding that Seller is obligated to make to the related Mortgagor under a Purchased Asset.

Future Funding Transaction shall have the meaning specified in Section 3(p) hereof.

Future Funding Transaction means (i) an additional Transaction requested with respect to any Construction Loan or Senior Mortgage Loan to provide for the advance of additional funds that were expressly identified to and approved by Buyer in connection with the initial Transaction entered into in respect of such Construction Loan or Senior Mortgage Loan or (ii) an additional Transaction requested with respect to any Purchased Asset to provide for the advance of additional funds in the event that Seller elected to apply a percentage lower than the Advance Rate set forth in Schedule I in connection with the initial Transaction.

Future Funding Transaction. A Transaction consisting of the funding by Buyer of any Future Funding Amount requested by Seller, subject to, and in accordance with, the terms of Section 3.10.

Future Funding Transaction. Any Transaction approved by Buyer pursuant to “GAAP”: Generally accepted accounting principles as in effect from time to time in the United States, consistently applied. “Governing Documents”: With respect to any Person, its articles or certificate of incorporation or formation, by-laws, partnership, limited liability company, memorandum and articles of association, operating or trust agreement and/or other organizational, charter or governing documents. “Governmental Authority”: Any (a) national or federal government, (b) state, regional or local or other political subdivision thereof, (c) central bank or similar monetary or

Future Funding Transaction. Any Transaction for which Seller has requested that Buyer fund a portion of Seller’s future funding obligations with respect to a Purchased Asset and that has been approved by Buyer pursuant to Section 3.10.

Future Funding Transaction. Any Transaction approved by Buyer pursuant to Section 3.11 where the funded amounts are to be applied for the funding of a post-closing advance with respect to either (a) any Securitized Purchased Asset, or (b) any Non-Securitized Purchased Asset, but only to the extent identified by Seller and approved by Buyer in the related Confirmation as a Purchased Asset for which Future Funding Transactions are permitted.