Examples of Purchase and Sale Documents in a sentence
In the event of default on the Loan, SBA and Lender's obligation to Third Party Indemnitor shall not extend beyond complying with applicable law regardless of conflicting provisions, if any, in the Purchase and Sale Documents such as those requiring notice of Loan default, notice of Mortgage foreclosure, or forbearance prior to initiating liquidation activities on the Loan.
If the Loan is to enable Borrower to acquire the Property, Borrower represents and warrants that all of the relevant and material terms and conditions of the purchase and sale of the Property have been disclosed to Lender and that Borrower has provided Lender with an accurate and complete copy of the Purchase and Sale Documents.
This Agreement sets forth the entire understanding of the parties and supersedes and merges all other written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof among the parties including contradictory provisions that would otherwise apply to Indemnified Parties, if any, contained in the Purchase and Sale Documents.
In the event of default on the Loan, SBA and Xxxxxx's obligation to Third Party Indemnitor shall not extend beyond complying with applicable law regardless of conflicting provisions, if any, in the Purchase and Sale Documents such as those requiring notice of Loan default, notice of Mortgage foreclosure, or forbearance prior to initiating liquidation activities on the Loan.
None of the licenses, registrations, enrollments, requests, permits and Governmental Authorizations of STP or the Subsidiaries was or shall be affected by execution or performance of the Purchase and Sale Documents or the consummation of the Transaction.
The consummation of the transactions contemplated by the Purchase and Sale Documents shall not cause a Material Adverse Change.
Assignor will deliver possession of the Premises to Assignee on this Date or on such other date as may be set forth in Purchase and Sale Documents.
Lenders, except when submitting requests through PLP, SBA Express and the Pilot Loan Programs, must submit all waiver and releases as well as SBA Indemnification Agreements to the SBA center processing the loan for review and approval by SBA counsel, along with a copy of (1) the Title Report, (2) the Purchase and Sale Documents, if any, and (3) Lender's financial analysis of the proposed indemnitor(s).
Provisions in the Purchase and Sale Documents that allow the seller to provide the small business concern with a credit towards the purchase price, pay a lump sum, or otherwise avoid repairing defective equipment, are not acceptable.
Purchase, repurchase or otherwise acquire any “Purchased Receivables” or rights to receive the proceeds of “Purchased Receivables” sold pursuant to the Purchase and Sale Agreement and the other Purchase and Sale Documents (as such terms are defined therein).