Portfolio Purchase Agreement definition
Examples of Portfolio Purchase Agreement in a sentence
FMO shall transfer its Portfolio to the Company and the Company shall accept such transfer and pay a purchase price for the Portfolio to FMO in accordance with Clause 10 (Related Party Transactions) and the Portfolio Purchase Agreement.
As soon as reasonably possible after the contribution of FMO's NL Business and the State's capital contribution into the Company, the Company shall enter into the Portfolio Purchase Agreement, with FMO to acquire FMO's Portfolio.
Guarantor desires to sell and BT Commercial Corporation, a Delaware corporation ("BTCC"), desires to purchase such loans and certain other related assets of Guarantor pursuant to the terms of that certain Loan Portfolio Purchase Agreement, dated as of even date herewith (the "Purchase Agreement").
The Reserve Account will cover Transactions subject to this Agreement and Transactions covered by the Portfolio Purchase Agreement and the Program Agreement.
This Guaranty shall survive for so long as any NJ Domains obligations shall remain in effect under the Domain Portfolio Purchase Agreement.
Exhibit I to the Domain Portfolio Purchase Agreement is hereby amended to add thereto the Names set forth on Schedule 1 hereto.
If such sale is consummated prior to the closing under the Long Island Portfolio Purchase Agreements, then the AIP Land shall not be included in the Long Island Portfolio transaction and the purchase price under the Long Island Portfolio Purchase Agreement shall be reduced by the Book Basis of the AIP Land.
Notwithstanding the foregoing, if Seller reasonably determines that further extensions beyond November 3, 2005, are necessary to consummate the transactions contemplated hereby and by the Portfolio Purchase Agreement, then Buyer shall not unreasonably withhold, condition, or delay its consent to such further extensions.
Buyer also agrees that the Owner Parties are not and will not be a party to, and are not and will not be bound by, the Portfolio Purchase Agreement and the Westgate Letter Agreement.
In the event that the ▇▇▇▇▇▇ Notes cannot be transferred to Buyer or Buyer’s designee at closing because such entity is not a Qualified Transferee, then Buyer shall not purchase the ▇▇▇▇▇▇ Notes and the purchase price under the Long Island Portfolio Purchase Agreement shall be reduced by an amount equal to $28,386,625 for the ▇▇▇▇▇▇ Loans plus all accrued and unpaid interest and other sums and charges under such the ▇▇▇▇▇▇ Loans.