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.

  • 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.

  • 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.

  • 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%).

  • 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.

  • During the Repurchase Term, Buyer shall promptly notify Seller of any oral, written or electronic communications received from the State of Wyoming regarding the Property, and shall coordinate with Seller with respect to all communications with the State of Wyoming regarding the Property.

  • The principal of each Construction Loan and/or Stock Repayment Loan which has not been converted into a Construction Term Loan or a Stock Repurchase Term Loan, as applicable, shall be due and payable in full on the Construction Loan Maturity Date or Stock Repayment Loan Maturity Date, as applicable.

  • The Construction Notes, the Revolving Note, the Stock Repurchase Term Note, the Existing Construction Term Notes, 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".

  • During the Repurchase Term, Buyer shall timely pay all ad valorem real property taxes assessed against the Property which come due following the Closing Date (including any such taxes which may have been assessed prior to the Closing Date but are payable in arrears).

  • Buyer shall not create or allow for the creation of any liens or encumbrances or grant any third party any such rights during the Repurchase Term.

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 11.1 hereof.

  • Repurchase Right has the meaning specified in Section 11.1 hereof.

  • 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.