Examples of Note Seller in a sentence
In the case of conversion of less than the entire principal of and interest under the Note, Seller shall cancel said Note and shall execute and deliver a new Note of like tenor for the unconverted amount of the Note dated the date of execution by Seller upon initial issuance of the Note notwithstanding any subsequent substitution.
Depositor and, by its acceptance of this Note, Seller also assent to extension of the time of payment, forbearance or other indulgence without notice.
To the extent required under applicable law, as of the Cut-off Date and as of each date that Seller held the Mortgage Note, Seller was authorized to transact and do business in the jurisdiction in which each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Mortgage Loan by the Issuer.
Except with respect to the Bank Note, Seller and Shareholders, as applicable, owns and has good and marketable title to the Assets, free and clear of all liens, encumbrances and claims of any kind, except as disclosed to Buyer in this Agreement.
In the event that the Buyer is in default under this Agreement, the TK Secured Note, the TK Security Deed, the Seller Secured Note, Seller SPA, the Seller Security Deed or Buyer fails to issue to Seller duly authorized the Series L Preferred, the Seller shall have the right to receive a return of the Purchased Interests without recourse by the Buyer.
Such Note Seller has a preexisting business or personal relationship with Issuer or its officer, directors or controlling persons and, by reason of such Note Seller's business and financial experience, has the capacity to protect its own interest in connection with the acquisition of the Shares.
Except for the foregoing representations and warranties, there are not representations or warranties of any kind being given by any Note Seller to Issuer in connection with this Agreement or the transactions contemplated by this Agreement.
Such Note Seller is acquiring the Shares in good faith for his or its own account and for the purpose of investment in Issuer and not with a view to or for sale in connection with any distribution of such Shares or any interest therein.
This Agreement constitutes a valid and binding obligation of such Note Seller, enforceable against such Note Seller in accordance with its terms except as limited by bankruptcy and insolvency laws and other laws affecting the rights of creditors generally.
Upon payment of all amounts due under the Note, Seller shall release all of Seller's interest in and to the Pledged Shares and any proceeds therefrom to Buyer.