Loan Purchase Price

Loan Purchase Price. Is that portion of the Purchase Price to be paid to BAC for the Loans and shall be an amount equal to (A) the book value at the Closing Date of the Aberdeen at Ormand Beach MHC loan, plus (B) the book value at the Closing Date of the Sundowner/Country Villa/Melrose Mobile Home & RV Parks loan, less $350,000. The Loan Purchase Price shall be adjusted if, within six months of the Closing... Date, Purchaser sells the Sundowner/Country Villa/Melrose Mobile Home & RV Parks loan for an amount greater than such Loan's book value at the Closing Date less $350,000, net of Purchaser's costs. In such event, Purchaser shall pay to BAC at the time of such sale an amount equal to the difference between the amount realized for such Loan and such Loan's book value at the Closing Date less $350,000, net of Purchaser's costs. View More