Interim Financing Transaction definition

Interim Financing Transaction means a temporary financing mechanism of 364 days or less in duration, pursuant to which an interim or warehouse holder (whether or not affiliated with FMC) lends funds to FMC or a Purchaser Trust to finance the purchase of Seasoned Loans by FMC or such Purchaser Trust.
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Examples of Interim Financing Transaction in a sentence

  • Upon the request of FMC and in connection with each Permanent Financing Transaction in which loans previously sold in an Interim Financing Transaction will be purchased, Program Lender shall confirm and certify its representations and warranties contained herein to any or all of the Permanent Financing Transaction participants listed above in a Certificate substantially in the form of Exhibit D.

  • Skandalaris dated March 26, 1997, from Comerica Bank, and if the Company proceeds with the Interim Financing Transaction, ▇▇▇▇▇▇ ▇.

  • Upon the request of FMC and in connection with each Permanent Financing Transaction in which loans previously sold in an Interim Financing Transaction will be purchased, Program Lender shall confirm and certify its representations and warranties contained herein to any or all of the Permanent Financing Transaction participants listed above in a Certification substantially in the form of Exhibit D.

  • Further, clause (iii) of the last sentence of Section 8.2 of the Stock Purchase Agreement is amended to read as follows: "that the Company shall use its best efforts to refinance the Interim Financing Transaction and obtain releases for Noble and its subsidiaries." This Paragraph 2 shall be deemed to be an amendment to the Stock Purchase Agreement.

  • As of the date hereof, the Company and the Investor agree that the ratio of (i) the Black Scholes Value of the Series C Warrants and the Estimated Series D Warrants to be issued to Investor hereunder and (ii) the Black Scholes Value of the Nordic Warrants anticipated to be issued in the Interim Financing Transaction equals 5.5 (the "Warrant Ratio").

  • The Company shall use its best efforts to complete the financing transaction (the "Interim Financing Transaction") described in the commitment letter addressed to the Company and ▇▇.