Purchase Money Financing definition
Purchase Money Financing means a purchase money note or other form of installment sale obligation received by the Fund pursuant to a Sale.
Purchase Money Financing. Any financing provided by a Person to Lessee or a Sublessee in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale, equipment lease or otherwise.
Purchase Money Financing has the meaning set forth in Section 6.3.
Examples of Purchase Money Financing in a sentence
Notwithstanding anything to the contrary in this Lease, not more than fifty percent (50%) of the value of the Personal Property returned to Landlord as required herein may at the time of such return be subject to Purchase Money Financing, and at the time of such return Tenant shall assign to Landlord all of its right, title and interest in and to such any and all documents evidencing such Purchase Money Financing.
RAIT agrees that it shall not be regarded as a creditor of RPI 49 and will, at the request of the Purchase Money Lender, execute a standstill agreement and such other agreements satisfactory to the Purchase Money Lender in which RAIT will agree to and confirm the terms and conditions regarding the subordination of its Participation Interest (as hereinafter defined) to the Purchase Money Financing.
RPI 49 will administer the Loan, receiving all Net Cash Flow from the Property Manager and/or the Liquidating Agent and holding or distributing the same as required under the Purchase Money Financing documents and this Agreement.
Any designation of an Equity Holder will be conditioned on the appointment by RPI 49, after consulting with RAIT of a "Property Manager" who will manage the Property and make all payments in accordance herewith and with the Purchase Money Financing.
As long as the Purchase Money Financing shall be outstanding, the Property Manager shall be irrevocably instructed to make all payments due thereon to the Purchase Money Lender prior to making any payments to RAIT or RPI 49.
More Definitions of Purchase Money Financing
Purchase Money Financing means a purchase money note or other form of installment sale obligation received by the Partnership pursuant to a Sale. "Refinancing" means any refinancing of an indebtedness of the Partnership secured by a Property. "Sale" means any transaction entered into by the Partnership resulting in the receipt of cash or other consideration (other than the receipt of Capital Contributions) not in the ordinary course of its business, including, without limitation, sales or exchanges or other dispositions of real or personal Partnership property, condemnations, recoveries of damage awards and insurance proceeds (other
Purchase Money Financing. Any financing provided by a Person to Lessee or a Sublessee in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise. Qualified Capital Expenditures: Expenditures capitalized on the books of Lessee for alterations, renovations, repairs and replacements to the Facilities, including without limitation any of the following: Replacement of furniture, fixtures and equipment, including refrigerators, ranges, major appliances, bathroom fixtures, doors (exterior and interior), central air conditioning and heating systems (including cooling towers, water chilling units, furnaces, boilers and fuel storage tanks) and major replacement of siding; major roof replacements, including major replacements of gutters, downspouts, e▇▇▇▇ and soffits; major repairs and replacements of plumbing and sanitary systems; overhaul of elevator systems; major repaving, resurfacing and sealcoating of sidewalks, parking lots and driveways; repainting of entire building exterior; but excluding major alterations, renovations, additions (consisting of expansions of any Facility, including construction of a new wing or a new story on any Facility), normal maintenance and repairs. Regulatory Actions: Any claim, demand, notice, action or proceeding brought, threatened or initiated by any governmental authority in connection with any Environmental Law, including, without limitation, civil, criminal and administrative proceedings, whether or not the remedy sought is costs, damages, equitable remedies, penalties or expenses.
Purchase Money Financing means indebtedness incurred to finance the acquisition of tangible personal property, provided that:
Purchase Money Financing. Any financing provided by a Person to Tenant in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise. Qualified Capital Expenditures: Expenditures capitalized on the books of Tenant or a Subtenant for alterations, renovations, repairs and replacements to the Facilities including without limitation any of the following: Replacement of furniture, fixtures and equipment, including refrigerators, ranges, major appliances, bathroom fixtures, doors (exterior and interior), central air conditioning and heating systems (including cooling towers, water chilling units, furnaces, boilers and fuel storage tanks) and major replacement of siding; major roof replacements, including major replacements of gutters, down spouts, ▇▇▇▇▇ and soffits; major repairs and replacements of plumbing and sanitary systems; overhaul of elevator systems; major repaving, resurfacing and sealcoating of sidewalks, parking lots and driveways; repainting of entire building exterior and any other expenditures that constitute capital expenditures under GAAP; but excluding additions, normal maintenance and repairs. For purposes of this definition, “additions” shall mean any expansion of a Facility, including the construction of a new wing or a new story on an existing Facility. Regulatory Actions: Any claim, demand, notice, action or proceeding brought, threatened or initiated by any governmental authority in connection with any Environmental Law, including, without limitation, civil, criminal and administrative proceedings, whether or not the remedy sought is costs, damages, equitable remedies, penalties or expenses.
Purchase Money Financing. Any financing provided by a Person to Lessee in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise. Qualified Capital Expenditures: Expenditures capitalized on the books of Lessee for alterations, renovations, repairs and replacements to the Facilities including without limitation any of the following:
Purchase Money Financing. Any financing provided by a Person to a Borrower in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise. Qualified Capital Expenditures: Expenditures capitalized on the books of Borrowers for any of the following: Replacement of furniture, fixtures and equipment, including refrigerators, ranges, major appliances, bathroom fixtures, doors (exterior and interior), central air conditioning and heating systems (including cooling towers, water chilling units, furnaces, boilers and fuel storage tanks) and major replacement of siding; major roof replacements, including major replacements of gutters, downspouts, e▇▇▇▇ and soffits; major repairs and replacements of plumbing and sanitary systems; overhaul of elevator systems; major repaving, resurfacing and sealcoating of sidewalks, parking lots and driveways; repainting of entire building exterior; but excluding major alterations, renovations, additions, normal maintenance and repairs.
Purchase Money Financing. Any financing provided by a Person to Lessee or a Facility Sublessee in connection with the acquisition of Personal Property (including equipment) used in connection with the operation of a Facility, whether by way of installment sale or otherwise.