Purchase Reserve definition
Examples of Purchase Reserve in a sentence
The aggregate amount of the Purchase Reserve for each of the Adjustment Loans is the "Due Diligence Reserve".
Lessor will refund all the money in the Purchase Reserve account, bearing no interest, less any amounts Lessee still owes for past due rent and other charges, within thirty (30) days after the Property has been returned.
Provided no Event of Default has occurred and is continuing, on or prior to February 28, 2003, upon written application of Borrower, Lender shall make the funds in the Cap Purchase Reserve available to Borrower to purchase the Cap provided (a) such Cap satisfies the criteria set forth in Section 2.3(B) and (b) concurrently with the purchase of such Cap by Borrower, Borrower delivers and pledges such Cap to Lender.
If Lessee makes {#pmt} discounted {term} payments of ${pmt} (plus tax) in addition to Lessee's optional Purchase Reserve of ${prpaid}, for a total cost of ${prdistc} (plus tax), plus all late fees and other charges that may apply, and otherwise complies with this agreement, Lessee will acquire ownership of the Property.
The Purchaser shall calculate the Purchase Price with respect to a Purchased Receivable as an amount which, when added to the related Purchase Reserve, is as close as reasonably practicable to (but not in excess of) the aggregate outstanding principal balance of the related Eligible Receivables set forth in the related Purchase Offer; it being understood and agreed that the aggregate outstanding Purchase Prices shall not exceed the aggregate Purchase Limit.
If the Post-Closing Adjustment is lower than the Purchase Reserve, then, upon payment of the Post-Closing Adjustment to the Purchaser from the funds of the Purchase Reserve, the remainder of the Purchase Reserve shall be paid by the Escrow Agent by wire transfer to the Selling Shareholders Bank Account.
Lessee's optional Purchase Reserve of ${prpaid} reduces the monthly rental payment and total cost.
Such payment shall be in full settlement of, and fully release the Purchaser and the Escrow Agent from, the Purchaser's and/or the Escrow Agent's respective payment obligation with respect to the Purchase Reserve.
The Documentation Agent shall calculate the Purchase Price with respect to a Purchased Receivable as an amount which, when added to the related Purchase Reserve, is as close as reasonably practicable to (but not in excess of) the aggregate outstanding principal balance of the related Eligible Receivables set forth in the related Purchase Offer; it being understood and agreed that the aggregate outstanding Purchase Prices shall not exceed the aggregate Purchase Limit.
Manager Members may be issued additional LLC Points (or other LLC Interests), only (i) by the LLC with the consent of, and upon such terms and conditions as may be established by the Management Committee and the Manager Member, or (ii) with respect to Program LLC Points in the Purchase Reserve which have not yet been issued, in accordance with and subject to the provisions of the Purchase Program.