Purchase Money Loan Documents definition

Purchase Money Loan Documents shall have the meaning set forth in the Recitals to this Agreement.
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Purchase Money Loan Documents. The Company’s Partnership Agreement shall provide that Liberty will contribute 25% of any amounts payable under the Purchase Price to the Company if, as and when the amounts payable under the Purchase Money Note become due.
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Purchase Money Loan Documents means this Agreement, the Purchase Money Note and the Purchase Money Pledge Agreement.
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Examples of Purchase Money Loan Documents in a sentence

  • GreatBanc Trust Company ("GBTC") has executed and delivered this Agreement and the other Purchase Money Loan Documents, not in its individual capacity, but solely in its capacity as Trustee of the Trust.

  • The Trust shall execute and deliver to the Corporation such further assurances of this Agreement and the matters contemplated by this Agreement and the other Purchase Money Loan Documents, including any Lien Notices in favor of the Corporation, promptly from time to time upon the Corporation's written request.

  • The Property shall be contributed by NWI to Weeks pursuant to this Agreement subject to certain purchase money indebtedness (the "Purchase Money Loan"), in the original principal face amount of $1,780,900, evidenced and second by the documents described on Exhibit C hereto --------- (collectively, the "Purchase Money Loan Documents").

  • All representations and warranties and indemnities made by the Trust herein shall survive delivery of the other Purchase Money Loan Documents and the making of the Loan.

  • The performance of this Agreement and the other Purchase Money Loan Documents by the Trust and any and all duties, obligations and liabilities of the Trustee hereunder will be effected by GBTC only as Trustee.

  • Agent may refuse (and will not be obligated) to take any action, assert any rights or pursue any remedies under this Agreement or any of the other Purchase Money Loan Documents in the absence of the express written direction and instruction of the Majority Banks or all of the Banks, as the case may be (as provided for hereunder).

  • Agent shall undertake to give each Bank prompt written notice of any litigation commenced against Agent and/or the Banks with respect to this Agreement or the other Purchase Money Loan Documents or any matter referred to herein or therein.

  • The Trust has the power, authority and legal right to execute and deliver this Agreement and the other Purchase Money Loan Documents and to perform its obligations under this Agreement and the other Purchase Money Loan Documents.

  • On or before the Closing, Borrower shall have obtained any and all consents to this Loan and the recording of the Deed of Trust as are required by the terms of the Purchase Money Loan Documents.

  • This Agreement, the Purchase Money Notes and the other Purchase Money Loan Documents have been delivered at Detroit, Michigan, and shall be governed by and construed and enforced in accordance with the laws of the State of Michigan, except to the extent that the Uniform Commercial Code, other personal property law or real property law of a jurisdiction where Collateral is located is applicable and except as and to the extent expressed to the contrary in any of the Purchase Money Loan Documents.


More Definitions of Purchase Money Loan Documents

Purchase Money Loan Documents means this Agreement, the Purchase Money Notes, the Purchase Money Collateral Documents and other documents, instruments or agreements executed pursuant thereto, as amended, reviewed, supplemented or replaced from time to time.
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Related to Purchase Money Loan Documents

  • Purchase Money Lien means any Lien upon any fixed assets that secures the Purchase Money Indebtedness related thereto but only if such Lien shall at all times be confined solely to the asset the purchase price of which was financed or refinanced through the incurrence of the Purchase Money Indebtedness secured by such Lien and only if such Lien secures only such Purchase Money Indebtedness.

  • Purchase Money Liens means Liens securing purchase money Indebtedness incurred in connection with the acquisition of capital assets by Borrower or any Subsidiary in the ordinary course of business, provided that such Liens do not extend to or cover assets or properties other than those purchased in connection with the purchase in which such Indebtedness was incurred and that the obligation secured by any such Lien so created shall not exceed one hundred percent (100%) of the cost of the property covered thereby.

  • Purchase Money Debt means Debt:

  • Purchase Money Note means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be irrevocable, from the Issuer or any Subsidiary of the Issuer to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a contribution of equity.

  • Purchase Money Indebtedness means Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof.

  • Permitted Purchase Money Debt Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $5,000,000 at any time.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $1,000,000.

  • DIP Loan Documents means, collectively, the DIP Credit Agreement and all other agreements, documents, and instruments delivered or entered into in connection therewith, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents.

  • Purchase Money Security Interest means Liens upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property.

  • Existing Loan Documents means the “Loan Documents” as defined in the Existing Credit Agreement.

  • Purchase Money Mortgage means a mortgage secured by a first lien or junior lien taken or retained by the seller of real property to secure all or part of the purchase price of the property.

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Purchase Money RM Deposit Paid : RM Balance Due : RM Purchaser‟s Name: NRIC No: Address: Tel: SIGNATURE OF PURCHASER(S)/AUTHORISED AGENT SIGNATURE SIGNATURE For Messrs. Ehsan Auctioneers Sdn. Bhd. For Messrs. Xxx Xxxxxxx & Partners DATO‟ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) SOLICITOR FOR THE ASSIGNEE / Xxxxx Xxxxx Bin Xxxxxx LICENSED AUCTIONEERS ONLINE TERMS AND CONDITIONS The Terms and Conditions specified herein shall govern all members of xxx.xxxxxxxxxxxxxxxx.xxx (“EHSAN AUCTIONEERS SDN. BHD. website”).

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Credit Agreement.

  • Original Loan Documents means the “Loan Documents” as defined in the Original Credit Agreement.

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

  • Cooperative Loan Documents As to any Cooperative Loan, (i) the Cooperative Shares, together with a stock power in blank; (ii) the original executed Security Agreement and the assignment of the Security Agreement endorsed in blank; (iii) the original executed Proprietary Lease and the assignment of the Proprietary Lease endorsed in blank; (iv) the original executed Recognition Agreement and the assignment of the Recognition Agreement (or a blanket assignment of all Recognition Agreements) endorsed in blank; (v) the executed UCC-1 financing statement with evidence of recording thereon, which has been filed in all places required to perfect the security interest in the Cooperative Shares and the Proprietary Lease; and (vi) executed UCC-3 financing statements (or copies thereof) or other appropriate UCC financing statements required by state law, evidencing a complete and unbroken line from the mortgagee to the Trustee with evidence of recording thereon (or in a form suitable for recordation).

  • Purchase Money Obligations means any Indebtedness Incurred to finance or refinance the acquisition, leasing, construction or improvement of property (real or personal) or assets (including Capital Stock), and whether acquired through the direct acquisition of such property or assets or the acquisition of the Capital Stock of any Person owning such property or assets, or otherwise.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.