Repurchase Term definition

Repurchase Term means, with respect to any Transaction, the period beginning on the Purchase Date and continuing through the Repurchase Date.
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Examples of Repurchase Term in a sentence

  • Without limiting the generality of the foregoing, Purchaser shall, no later than five (5) Business Days prior to the Company Shareholders Meeting (as defined in the Merger Agreement), provide to Seller one of the following notices: (a) an SPA Term Loan B Consent Notice, (b) a Sale and Repurchase Term Loan B Consent Notice or (C) a Term Loan B Consent Failure Notice.

  • On or prior to the Effective Date, (i) this Agreement shall have been executed and delivered as provided in Section 12.10 and (ii) there shall have been delivered to Lender the Revolving Note, the Repurchase Term Loan Note, and the Delayed Draw-Down Term Loan Note executed by Borrower, in each case in the amount, maturity and as otherwise provided herein.

  • Notwithstanding the foregoing, in the event the prepayment of the Repurchase Term Loan is directly or indirectly financed with proceeds from a third-party financing source other than Lender, concurrently with the prepayment under this Section 4.01(b), Borrower will pay to Lender a prepayment fee equal to one percent (1.00%) of the principal amount so repaid.

  • Each notice delivered by Borrower pursuant to this Section 4.01(b) shall be irrevocable, provided that a notice of prepayment of Repurchase Term Loan then outstanding may state that such notice is conditioned upon the receipt of proceeds from the incurrence or issuance of Indebtedness or equity interests or the effectiveness of other credit facilities.

  • Interest will accrue in respect of the unpaid principal amount of the Repurchase Term Loan from the date of Borrowing thereof until the maturity date thereof (whether by acceleration or otherwise), at a fixed rate per annum equal to five percent (5.00%).

  • During the Option Term or Early Repurchase Term, Owner shall take no action to cloud title to the Property, or any portion thereof, and shall not place, permit, or suffer any lien, judgment, or other encumbrance to attach to the Property, or portion thereof, or convey or otherwise transfer any right, title, or interest in the Property, or portion thereof, that would frustrate, impair, restrict, or prohibit the operation or enforcement of City’s rights under Section 8 of this Covenant Agreement.

  • This Note is the Repurchase Term Loan Note under which the Repurchase Term Loan is to be made by Lender, in accordance with the terms and conditions of the Credit Agreement.

  • The Construction Notes, the Revolving Note, the Stock Repurchase Term Note, the 2009 Term Note, and any other note currently or hereafter issued by the Borrower to the Bank, all as may be amended, restated, supplemented and/or modified from time to time, are referred to herein as the “Notes”.

  • If City does not exercise the Option or Early Repurchase Option within the Option Term or Early Repurchase Term, the Option or Early Repurchase Option, respectively, shall terminate automatically terminate.

  • The parties hereto acknowledge and agree that the payment of principal of the Repurchase Term Loan due and owing on May 1, 2020 pursuant to the terms of the Existing Credit Agreement shall be deferred and constitute the first payment due pursuant to this Section 4.02(b), provided that interest shall continue to accrue on such amount.

Related to Repurchase Term

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

  • Repurchase Date has the meaning specified in Section 14.1.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Stated Principal Balance is less than 10.00% of the Cut-off Date Balance.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Optional Repurchase is defined in Section 5.1(b).

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), paragraph (d) of Clause 10.3 (Mandatory repurchase due to a Put Option Event) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Accelerated Repurchase Date shall have the meaning specified in Section 14(b)(i) of this Agreement.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Repurchase As defined in Section 2.03(a) of this Agreement.

  • Repurchase Offer has the meaning set forth in Section 3.04.

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Repurchase Price means, with respect to any Loan, first taking the Book Value of the Asset at Bank Closing and either subtracting the Asset discount or adding the Asset premium, and subsequently adjusting that total by (i) adding any advances and interest on such Loan after Bank Closing, (ii) subtracting the total amount received by the Assuming Institution for such Loan after Bank Closing, regardless of how applied, and (iii) adding total disbursements of principal made by Receiver not otherwise included in the Book Value.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.

  • First Offer Period has the meaning set forth in Section 13.5.

  • Reverse Repurchase Agreement means an agreement pursuant to which the Fund sells Securities and agrees to repurchase such Securities at a described or specified date and price.

  • Lease Termination Date means the last day of the Lease Term.

  • Optional Purchase Date As defined in Section 8.01(a) of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

  • Original Purchase Date means with respect to any Loan, the date such Loan was purchased by Town Hall Funding from the Master Depositor pursuant to the Conveyance Agreement.