#Gmac finance hyderabad full#
Seller shall have delivered a payoff letter from GMAC Financing evidencing payment in full of that certain loan in the original principal amount of $36,217.44 provided by GMAC to Seller. Tenant acknowledges the existence of the GMAC Financing and agrees to provide notice of any Landlord default to GMAC Commercial Mortgage Bank at the following address: GMAC Commercial Mortgage Corp.
The GMAC Financing shall have been consummated in form and substance satisfactory to the Purchasers in the Purchasers’ sole discretion and the Purchasers shall have been provided copies of all agreements, instruments and documents in connection therewith. Tenant acknowledges the existence of the GMAC Financing and agrees to provide notice of any Landlord default to GMAC Commercial Mortgage Bank at the following address: [GMAC Commercial Mortgage Corp. If all of the indebtedness under the GMAC Credit Agreement is satisfied and any obligations to lend thereunder are terminated, Parent shall promptly enter into and deliver to Agent Deposit Account Control Agreements that are reasonably satisfactory to Agent with respect to any deposit accounts that were subject to deposit account control agreements as part of the GMAC Financing. This note was issued through General Motors Acceptance Corporation (GMAC) Financing and the terms were 0% financing for 36 months. The security interest herein granted is in addition to any statutory lien for the Rent and shall be subordinate to the lien of any Facility Mortgage, including any lien imposed in connection with the GMAC Financing Documents.ĭebt Retirement Fund – This fund receives local government distribution tax money to retire an obligation to GMAC Financing.
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