Financing Terms Clause Samples

Financing Terms. Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 an assumption fee of $ . The mortgage is for a term of years beginning in 28 , at an interest rate of % fixed variable (describe) . 29 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Certain financial terms of any advance which CDF makes under this Agreement are not set forth herein because such terms depend, in part, on various factors, including without limitation, the availability of Vendor discounts, payment terms or other incentives, CDF’s floorplanning volume with Dealer and Vendor and other economic factors which vary from time to time. Therefore, CDF and Dealer agree to set forth in this Agreement only the general terms of Dealer’s financing arrangement with CDF. Upon agreeing to finance an item of inventory for Dealer, CDF will transmit or otherwise send to Dealer a “Transaction Statement” which is a record that may be authenticated and transmitted by CDF to Dealer from time to time which identifies the Collateral financed and/or the advance made and the terms and conditions of repayment of such advance. Dealer agrees that Dealer’s failure to notify CDF in writing of any objection to a Transaction Statement within thirty (30) days after a Transaction Statement is transmitted or otherwise sent to Dealer shall constitute Dealer’s (a) acceptance of all terms thereof, (b) agreement that CDF is financing such inventory at Dealer’s request, and (c) agreement that such Transaction Statement will be incorporated herein by reference. If Dealer objects to the terms of any Transaction Statement, Dealer will pay CDF for such inventory in accordance with the most recent terms for similar inventory to which Dealer has not objected (or, if there are no prior terms, at the lesser of 16% per annum or at the maximum lawful contract rate of interest permitted under applicable law), subject to termination of this Agreement by CDF and its rights under the termination provision contained herein. With respect to any advance CDF makes to a Vendor on behalf of Dealer, CDF may apply against any such amount owed to vendor any amount CDF is owed from such Vendor with respect to Free Floor Periods (each a “CDF Credit”) or any other amounts. Notwithstanding the foregoing, Dealer agrees to pay the full amount reflected on any Transaction Statement.

Financing Terms. Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: ___________________ 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus ____________________. ______ 27 an assumption fee of $ The mortgage is for a term of years beginning in ______ ______ ______________________________ 28 , at an interest rate of % fixed variable (describe) . 29 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Cash Conventional VA FHA Other:

Financing Terms. The Seller’s financing terms shall be: (Choose One) ☐ Amortized Loan. Fully Amortized for a term of ____ ☐ Months ☐ Years.

Financing Terms. Certain financial terms of any advance which CDF makes under this Agreement are set forth in the Program Terms Letter. In connection with financing an item of inventory for any Dealer, CDF will transmit or otherwise send to Dealer a “Transaction Statement” which is a record that may be authenticated and transmitted by CDF to such Dealer from time to time which identifies the Collateral financed and/or the advance made and the terms and conditions of repayment of such advance as provided in this Agreement. Dealers agree that a Dealer’s failure to notify CDF in writing of any objection to a Transaction Statement within thirty (30) days after a Transaction Statement is transmitted or otherwise sent to such Dealer shall constitute Dealers’ (a) acceptance thereof, (b) agreement that CDF is financing such inventory at Dealers’ request, and (c) agreement that such Transaction Statement will be incorporated herein by reference to the extent not inconsistent with the terms hereof. To the extent any Transaction Statement is inconsistent with the terms hereof, this Agreement (including any applicable Program Terms Letter) shall govern and control. If any Dealer objects to any Transaction Statement, such Dealer and CDF will work in good faith to resolve such objection within sixty (60) days after the applicable Transaction Statement is transmitted or otherwise sent to such Dealer. However, notwithstanding such objection, Dealers will pay CDF for such inventory in accordance with this Agreement. With respect to any advance CDF makes to a Vendor on behalf of a Dealer, CDF may apply against any such amount owed to Vendor any amount CDF is owed from such Vendor with respect to Free Floor Periods (each, a “CDF Credit”) or any other amounts CDF is owed from such Vendor. Notwithstanding the foregoing, Dealers agree to pay the full amount reflected on any Transaction Statement.

Financing Terms. Tenant shall be entitled to finance or refinance any debt secured by a Leasehold Mortgage during the Term upon written notice to but without the consent of Landlord, provided that such Leasehold Mortgage meet the requirements of this ARTICLE 6, and provided further that such refinancing meets the following additional requirements: (a) the term of such new mortgage loan may not extend beyond the Lease Expiration Date; and (b) the aggregate debt incurred in such financing or refinancing shall not exceed eighty-five percent (85%) of the appraised fair market value (as determined by a MAI appraiser reasonably satisfactory to Landlord and Leasehold Mortgagee) of the Tenant’s Leasehold Estate and (c) there shall be no mortgage balance nor any Leasehold Mortgage at the end of the Term.

Financing Terms. Sercel has provided GGS finance terms as structured as an operating lease. Only at Sercel’s discretion will operating lease terms be provided to Global Geophysical. On all credit facilities from Sercel GGS provides security of asset and a full corporate guarantee of payment.

Financing Terms. The terms of the Secured Notes, the terms and conditions of the Convertible Secured Notes and the New ABL Facility (including but not limited to terms and conditions relating to the interest rate, fees, amortization, maturity, subordination, covenants, events of default and remedies), shall be consistent in all material respects with the terms set forth herein and in the RSAs and otherwise reasonably satisfactory in all respects to the Commitment Parties.