Examples of Seller Credit Facility in a sentence
Simultaneously with the Closing (a) Seller shall have received all necessary consents and lien releases and/or terminations with respect to all mortgages and security interests relating to the Assets under the Seller Credit Facility.
Other than Permitted Encumbrances, immediately prior to Closing Seller is the record and beneficial owner of all of the Assets, free and clear of all liens and encumbrances (other than those arising under the Seller Credit Facility, all of which shall be fully released at Closing).
To the extent that any borrowings, accrued interest or other amounts are due and outstanding under the Seller Credit Facility at the time of such termination, Seller shall, subject to the proviso in the immediately preceding sentence, be responsible for the payment of such amounts and shall make such payment prior to or concurrently with such termination.
Except for the Seller Credit Facility, no Company Entity has guaranteed, or is responsible or liable for, any indebtedness of any other Person.
DMH Areas anticipate making multiple awards as a result of the initial RFR Procurement Period.