Seller Financing Documents definition

Seller Financing Documents means those certain loan documents and other deliverables to be executed and delivered in connection with the Seller Financing, each to be dated as of the Closing Date and in the forms agreed to by Seller and Buyer.

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Seller Financing Documents means collectively the Loan and Security Agreement to be entered into at the Closing between the Buyer and the Seller, the Term Note to be executed and delivered at Closing by the Buyer, the Guaranty to be executed and delivered at Closing by the Buyer’s parent corporation, MidCountry Financial Corp., and the Pledge Agreement to be entered into at the Closing between the Seller and MidCountry Financial Corp., each substantially in the form of Exhibit A attached hereto, and all documents, certificates and instruments referenced therein.

Seller Financing Documents means those Financing Documents executed by the Seller.

Examples of Seller Financing Documents in a sentence

In accordance with the provisions of Section 2.3(c), the Seller shall finance a portion of the Purchase Price equal to 95% of the Net Book Value of the Acquired Receivables, on the terms set forth in the Seller Financing Documents.
The Seller Financing Documents, executed by a duly authorized officer of Buyer.
The Buyer and the Seller will bear their own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby, except as expressly set forth in the Seller Financing Documents.
Such Closing Date Payment shall be paid by (i) the Buyer delivering to the Seller a promissory note (the “Term Note”) in accordance with the Seller Financing Documents in the principal amount of $75,755,929.52, and (ii) the Buyer paying to the Seller the amount of $1,794,309.19 in cash.
In those cases where testing is delayed through no fault of either the Client or Tiburon, the Client shall authorize the testing of the interface function at a later date.
The Seller Financing Documents, executed by a duly authorized officer of Seller where applicable.
Notwithstanding the foregoing, Buyer may assign this Agreement to an Affiliate and, after each Closing, Buyer may collaterally assign its rights under this Agreement related to such Closing to Lender in connection with the Seller Financing Documents.
Sellers (or their respective designated affiliates) will, upon the applicable Closing and in connection with the payment of the Recalculated Purchase Price, if any, provide the Seller Financing to Buyer on the terms described in the Seller Financing Documents.
All of the terms and conditions of the Seller Financing Documents shall be reasonably satisfactory to the Agent and the Required Banks, and all conditions precedent to the consummation of the Seller Financing as set forth in the Seller Financing Documents shall have been satisfied, and not waived unless consented to by the Agent and the Required Banks, to the reasonable satisfaction of the Agent and the Required Banks.
The Seller Financing Documents with respect to the Properties included in such Closing, executed by a duly authorized officer of each Seller where applicable.

More Definitions of Seller Financing Documents

Seller Financing Documents means (a) the Asset-Based Revolving Credit Agreement, dated as of July 15, 2016, among Verso Paper Finance Holdings LLC, Verso Paper Holdings LLC, each of the subsidiaries loan parties party thereto, the lenders party thereto, W▇▇▇▇ Fargo Bank, National Association, as administrative agent, Barclays Bank PLC, as syndication agent, and W▇▇▇▇ Fargo Bank, National Association and Barclays Bank PLC, as joint lead arrangers and joint bookrunners, as amended by the First Amendment dated as of December 5, 2016 and by the Second Amendment dated as of February 6, 2019, and as the same may be further amended, restated or otherwise modified from time to time, together with all agreements relating thereto, and (b) any agreements or instruments governing or evidencing (i) any other Indebtedness of Seller and its Affiliates (other than the Company and its Subsidiaries) or (ii) any Indebtedness of the type referred to in clause (a) (or, to the extent relating to clause (a), clause (d) or clause (m)) of the definition of such term of the Company or any of its Subsidiaries (other than, in the case of clause (ii), any such Indebtedness owed to the Company or any of its Subsidiaries).

Seller Financing Documents means (i) a Promissory Note made by Purchaser or its designated fee simple owner(s) of Development Site B1 and Development Site B2 (the “Maker”) to the order of Seller in the original stated principal amount of $25,475,000, with interest accruing thereon at a per annum rate of 30-day LIBOR (with a 30-day LIBOR rate floor of 0.25% (i.e. 25 basis points)) (the “LIBOR Rate”) plus 0.50% (i.e. 50 basis points) (the “Spread”, and the LIBOR Rate plus the Spread being hereinafter referred to as the “Interest Rate”)), payable upon maturity, which will be December 24, 2019, and which shall otherwise be in substantially the same form as the Promissory Note attached hereto as Exhibit A and made a part hereof by this reference (the “Seller Financing Note”), and (ii) a Purchase Money Deed of Trust granted by the Maker to a trustee designated by, and for the benefit of, Seller, encumbering Development Site B1 and Development Site B2, with a right to release either Development Site at any time upon payment of the Partial Release Price (as defined below) for such Development Site, and which shall otherwise be in substantially the same form as the Purchase Money Deed of Trust attached hereto as Exhibit B and made a part hereof by this reference (the “Purchase Money Deed of Trust”). The “Partial Release Price” for either Development Site B1 or Development Site B2 shall be the sum of (x) a required principal prepayment amount equal to the sum of (1) fifty percent (50%) of the outstanding principal amounts then owed under the Seller Financing Note, plus (2) $1,000,000, and (y) the payment of all interest accrued at the Interest Rate and unpaid under the Seller Financing Note on the portion of the principal balance being repaid pursuant to the preceding clause (x). During the term of the Seller Financing Note, Purchaser shall have no obligation to continue to pursue the Development Approval process for Development Site B1 and Development Site B2, and Seller shall have no consent rights over the Development Approval process with respect to Development Site B1 and Development Site B2; provided, however, that Purchaser shall covenant in the Purchase Money Deed of Trust that it will not do any of the following without the prior written consent of Seller while any such Development Site remains subject to the Seller Financing Documents: (i) materially reduce the potential FAR for Development Site B1 and Development Site B2 below 700,000 sq. ft. in the aggregate or below 340,000 sq. f...

Seller Financing Documents means all of the agreements governing, or relating to, the Seller Financing.