Purchase Money Financing means a purchase money note or other form of installment sale obligation received by the Fund pursuant to a Sale.
Purchase Money Financing. Any financing (whether by lease, chattel mortgage, installment sale, or otherwise) provided by a Person to Tenant or a Facility Subtenant in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise.
Purchase Money Financing has the meaning set forth in Section 6.3.
Examples of Purchase Money Financing in a sentence
RAIT agrees that it shall not be regarded as a creditor of RPI 49 and will, at the request of the Purchase Money Lender, execute a standstill agreement and such other agreements satisfactory to the Purchase Money Lender in which RAIT will agree to and confirm the terms and conditions regarding the subordination of its Participation Interest (as hereinafter defined) to the Purchase Money Financing.
Purchaser may terminate this Purchase Agreement at any time on or before March 23, 2020 if Purchaser is unable to obtain a commitment for financing in the amount of the Purchase Money Financing at an annual interest rate as of the date of such commitment of not more than 5.5% (whether on a fixed or floating rate basis), a principal amortization period of not less than 25 years and a term of not less than 10 years.
Xxxxxxxxxx Title: Assistant Treasurer/Assistant Secretary [Signatures Continued on Next Page] [Signature Page to Purchase Money Financing Line of Credit Note, continued] By: /s/ Xxxxxxx B.
McLaughlin, “Add On” Clauses in Equipment Purchase Money Financing: Too Much of a Good Thing, 49 Fordham L.
Grantor and Grantee agree that Grantee shall be subrogated to the claims and liens of all parties, if any, whose claims and liens against the Real Property are discharged or paid with the proceeds of the Purchase Money Financing secured hereby.
More Definitions of Purchase Money Financing
Purchase Money Financing means a purchase money note or other form of installment sale obligation received by the Partnership pursuant to a Sale. "Refinancing" means any refinancing of an indebtedness of the Partnership secured by a Property. "Sale" means any transaction entered into by the Partnership resulting in the receipt of cash or other consideration (other than the receipt of Capital Contributions) not in the ordinary course of its business, including, without limitation, sales or exchanges or other dispositions of real or personal Partnership property, condemnations, recoveries of damage awards and insurance proceeds (other
Purchase Money Financing. Any financing (whether by lease, chattel mortgage, installment sale, or otherwise) provided by a Person to Tenant in connection with the acquisition of Personal Property used in connection with the operation of the Facility, whether by way of installment sale or otherwise.
Purchase Money Financing. Any financing provided by a Person to Lessee or a Sublessee in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise. Qualified Capital Expenditures: Expenditures capitalized on the books of Lessee for alterations, renovations, repairs and replacements to the Facilities, including without limitation any of the following: Replacement of furniture, fixtures and equipment, including refrigerators, ranges, major appliances, bathroom fixtures, doors (exterior and interior), central air conditioning and heating systems (including cooling towers, water chilling units, furnaces, boilers and fuel storage tanks) and major replacement of siding; major roof replacements, including major replacements of gutters, downspouts, exxxx and soffits; major repairs and replacements of plumbing and sanitary systems; overhaul of elevator systems; major repaving, resurfacing and sealcoating of sidewalks, parking lots and driveways; repainting of entire building exterior; but excluding major alterations, renovations, additions (consisting of expansions of any Facility, including construction of a new wing or a new story on any Facility), normal maintenance and repairs. Regulatory Actions: Any claim, demand, notice, action or proceeding brought, threatened or initiated by any governmental authority in connection with any Environmental Law, including, without limitation, civil, criminal and administrative proceedings, whether or not the remedy sought is costs, damages, equitable remedies, penalties or expenses.
Purchase Money Financing. Any financing provided by a Person to Tenant in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise. Qualified Capital Expenditures: Expenditures capitalized on the books of Tenant or a Subtenant for alterations, renovations, repairs and replacements to the Facilities including without limitation any of the following: Replacement of furniture, fixtures and equipment, including refrigerators, ranges, major appliances, bathroom fixtures, doors (exterior and interior), central air conditioning and heating systems (including cooling towers, water chilling units, furnaces, boilers and fuel storage tanks) and major replacement of siding; major roof replacements, including major replacements of gutters, down spouts, xxxxx and soffits; major repairs and replacements of plumbing and sanitary systems; overhaul of elevator systems; major repaving, resurfacing and sealcoating of sidewalks, parking lots and driveways; repainting of entire building exterior and any other expenditures that constitute capital expenditures under GAAP; but excluding additions, normal maintenance and repairs. For purposes of this definition, “additions” shall mean any expansion of a Facility, including the construction of a new wing or a new story on an existing Facility. Regulatory Actions: Any claim, demand, notice, action or proceeding brought, threatened or initiated by any governmental authority in connection with any Environmental Law, including, without limitation, civil, criminal and administrative proceedings, whether or not the remedy sought is costs, damages, equitable remedies, penalties or expenses.
Purchase Money Financing means indebtedness incurred to finance the acquisition of tangible personal property, provided that:
Purchase Money Financing. Any financing provided by a Person to Lessee in connection with the acquisition of Personal Property used in connection with the operation of a Facility, whether by way of installment sale or otherwise. Qualified Capital Expenditures: Expenditures capitalized on the books of Lessee for alterations, renovations, repairs and replacements to the Facilities including without limitation any of the following:
Purchase Money Financing has the meaning set forth in Section 6.4.