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, dated as of the Initial Closing Date and in the forms of the Seller Financing Documents entered into as of the date hereof, with an amendment to such Seller Financing Documents at each subsequent Closing as may be agreed to by the parties.
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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.
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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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Examples of Seller Financing Documents in a sentence

  • 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 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.


More Definitions of Seller Financing Documents

Seller Financing Documents means the Seller Notes and the other documents and instruments executed in connection with the Seller Financing.
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Seller Financing Documents means all of the agreements governing, or relating to, the Seller Financing.
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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...
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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, Wxxxx Fargo Bank, National Association, as administrative agent, Barclays Bank PLC, as syndication agent, and Wxxxx 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).
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Related to Seller Financing Documents

  • Debt Financing Documents means the agreements, documents and certificates contemplated by the Debt Financing.

  • Financing Documents means collectively the documents evidencing Lenders’ commitment to finance the Project.

  • Refinancing Documents means each of the agreements, documents and instruments entered into in connection with the Refinancing.

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Junior Financing Documentation means any documentation governing any Junior Financing.

  • Subordinated Documents means the Subordinated Note and any and all other documents, agreements, writings or instruments executed in connection therewith or pursuant thereto, in each case, as in effect on the date hereof and as amended, modified, restated or Refinanced in accordance with the terms hereof.

  • Second Lien Loan Documents means the “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Second Lien Note Documents means the Second Lien Notes, the Second Lien Notes Indenture and the Second Lien Security Documents.

  • Debt Documents means, collectively, the Credit Agreement, the Designated Indebtedness Documents, any Hedging Agreement evidencing or relating to any Hedging Agreement Obligations and the Security Documents.

  • DIP Loan Documents means the Replacement DIP Loan Documents (as defined in the DIP Order).

  • RFP Documents means the following documents to be entered into by the parties to the respective agreements in connection with the supply of power:

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Existing Loan Documents has the meaning given to the term “Loan Documents” in the Existing Credit Agreement.

  • Permitted Acquisition Documents means with respect to any acquisition proposed by the Borrower or any Subsidiary Guarantor, final copies or substantially final drafts if not executed at the required time of delivery of the purchase agreement, sale agreement, merger agreement or other agreement evidencing such acquisition, including, without limitation, all legal opinions and each other document executed, delivered, contemplated by or prepared in connection therewith and any amendment, modification or supplement to any of the foregoing.

  • ABL Facility Documents means the agreements and other instruments governing the ABL Facility, together with any guarantees thereof and any security documents, other collateral documents and other instruments relating thereto (including documents and instruments governing Hedging Obligations required by the ABL Facility or relating to ABL Obligations).

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Agreement.

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Equity Documents means collectively the documents evidencing subscription to Equity to the extent of equity component of cost of the Project.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Borrower Documents shall have the meaning set forth in Section 6.06.

  • Bidding Documents means the set of Bidding Documents that preceded the placement of the Contract of which these GCC form a part, which were sold or issued by the Purchaser to potential Bidders, and in which the specifications, terms and conditions of the proposed procurement were prescribed.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Equity Line Transaction Documents means this Agreement and the Registration Rights Agreement.

  • Existing Indebtedness Agreements shall have the meaning provided in Section 5.05.