Purchase Money Notes definition

Purchase Money Notes shall have the meaning given in the recitals.

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Purchase Money Notes or “Purchase Money Note” has the meaning given in the recitals to this Agreement and shall include any promissory note issued to refinance a Purchase Money Note in accordance with Section 2.8 of the Custodial and Paying Agency Agreement.

Purchase Money Notes or “Purchase Money Note” has the meaning given that term in the recitals.

Examples of Purchase Money Notes in a sentence

Copies of all fully executed Servicing Agreements and Subservicing Agreements, including all supplements and amendments thereto, shall be provided to the Initial Member and the Purchase Money Notes Guarantor.
The signature of such Authorized Representative on the Purchase Money Notes may be manual or facsimile.
The Manager may not assign, sell, transfer, participate, pledge, or hypothecate, in whole or in part, its interest in any Discretionary Funding Advances without the consent of the Initial Member, and until the Purchase Money Notes Defeasance Date, the Purchase Money Notes Guarantor.
All cancelled Purchase Money Notes held by the Paying Agent shall be destroyed or held by the Paying Agent in accordance with its standard retention policy unless the Company shall direct that they be returned to it.
All Purchase Money Notes surrendered for payment, registration or transfer, exchange or redemption, or deemed lost or stolen, shall, if surrendered to any Person other than the Paying Agent, be delivered to the Paying Agent, shall be promptly canceled by it and may not be reissued or resold.

More Definitions of Purchase Money Notes

Purchase Money Notes means, collectively, the Term A-1 Purchase Money Note, the Term A-2 Purchase Money Note and the Term A-3 Purchase Money Note.

Purchase Money Notes means the collective reference to the Long Term Note and the Short Term Note, each of which shall be secured by the Purchase Money Mortgage and the Pledge Agreement.

Purchase Money Notes means a promissory note of a Securitization Entity evidencing a line of credit, which may be irrevocable, from the Issuer or any Subsidiary of the Issuer in connection with a Qualified Securitization Transaction to a Securitization Entity which note shall be repaid from cash available to the Securitization Entity, other than amounts required to be established as reserves pursuant to agreements, amounts paid to investors in respect of interest, principal and other amounts owing to such investors and amounts paid in connection with the purchase of newly generated receivables or newly acquired equipment.

Purchase Money Notes as follows:

Purchase Money Notes shall have the meaning given in the recitals. “Purchase Money Notes Defeasance Date” shall mean the date on which the Defeasance Account has been fully funded pursuant to the terms of the Custodial and Paying Agency Agreement (in an amount sufficient to repay all obligations with respect to the Purchase Money Notes in full) such that no further funds are be required to be deposited therein on any subsequent Distribution Date pursuant to the Custodial and Paying Agency Agreement.

Purchase Money Notes means a promissory note of a Receivables Entity evidencing a line of credit, which may be irrevocable, from the Company or any Subsidiary of the Company to a Receivables Entity in connection with a Qualified Receivables Transaction, which note

Purchase Money Notes means, (a) individually, a Class A Purchase Money Note and (b) collectively, (i) Class A Purchase Money Notes and (ii) any Subsequent Class Purchase Money Notes.