Affiliated Borrower definition

Affiliated Borrower means Affiliates of NTS which obtain a Mortgage Loan from the Fund.
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Affiliated Borrower means any of VeraSun Dyersville, LLC, VeraSun Central City, LLC, VeraSun Janesville, LLC, VeraSun Xxxxxxxxx, LLC, VeraSun Woodbury, LLC, or VeraSun Ord, LLC.
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Affiliated Borrower means SCS Finance II, L.P., a Delaware limited partnership.
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Examples of Affiliated Borrower in a sentence

  • In exchange for the partnership's release of its liens, the promissory note underlying each Specific Loan was amended from a nonrecourse obligation to a recourse obligation of the Affiliated Borrower.

  • Hall Brambletree Associates ("Brambletree"), an Affiliated Borrower, owns an apartment property that until August 1996 secured a first lien mortgage payable to Federal National Mortgage Association.

  • Until that time, each of the original loans made by the Partnership ("Specific Loans") was secured by a subordinated mortgage on the real property owned by an affiliate of the Purchaser (an "Affiliated Borrower").

  • The 1996 Valuation Report contains a summary of the appraisals that the Appraiser performed on each property in which an Affiliated Borrower has an interest and a valuation of each of the Specific Loans, as well as the qualifications of the Appraiser.

  • In one case, the Partnership would have lost its loan to the Affiliated Borrower absent the refinancing because the first lienholder would have foreclosed on the property that was subject to the Partnership's lien and the Partnership had no equity in such property.

  • The Specific Loans had an additional interest provision whereby the Affiliated Borrower would pay the Partnership 15% of the amount by which the sales price of the property pledged as security exceeded the original purchase price of such property upon the repayment of the loan or sale of the property, respectively ("Additional Interest").

  • Prior to the Partnership making a Specific Loan, an Affiliated Borrower provided the Partnership with a mortgagee's or owner's title insurance policy or commitment to evidence priority of the lien securing the Specific Loan and title to the mortgaged real properties.

  • For purposes of the foregoing, Lender consents to the transactions described on Schedule 7.12 and transactions solely between or among parties to this Agreement and/or Affiliated Borrower.

  • Each Borrower individually and the other members of the Affiliated Borrower Group taken as a whole, own or license all patents, trademarks and copyrights and holds all licenses, which are necessary for the operation of their business as presently conducted or proposed to be conducted.

  • As of the date hereof, there is no pending or, to the best knowledge of each Borrower, threatened strike, work stoppage, material unfair labor practice claims, or other material labor dispute against or affecting any Borrower or any other member of the Affiliated Borrower Group or any of their respective employees.


More Definitions of Affiliated Borrower

Affiliated Borrower means any of UX Xxx Xxxxxx Xxxxxx, XXX, XX Xxx Xxx, XXX, XX Bio Hxxxxxxxx, LLC, US Bio Dyersville, LLC, US Bio Janesville, LLC or US Bio Axxxxx City, LLC.
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Affiliated Borrower means Green Plains Central City LLC.
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Affiliated Borrower is ENVIRONMENTAL SUPPORT SOLUTIONS, INC., and its successors and assigns.
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Affiliated Borrower. An affiliated entity of Borrower that may borrow money under the terms of this Master Credit Agreement. An affiliated Borrower is sometimes referred to as a Borrowing Entity, Related Entity or Affiliated Entity.
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Affiliated Borrower means Green Plains Ord LLC.
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Related to Affiliated Borrower

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Borrower as defined in the preamble hereto.

  • Purchasing Borrower Party means any of the Borrower or any Restricted Subsidiary.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Subsidiary Borrower any Subsidiary of the Borrower that becomes a party hereto pursuant to Section 10.1(c)(i) until such time as such Subsidiary Borrower is removed as a party hereto pursuant to Section 10.1(c)(ii).

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • Parent Borrower as defined in the preamble hereto.

  • Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that:

  • Canadian Borrower as defined in the preamble hereto.

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • means Borrower s forecasted consolidated and consolidating: (a) balance sheets; (b) profit and loss statements; (c) cash flow statements; and (d) capitalization statements, all prepared on a Subsidiary by Subsidiary or division-by-division basis, if applicable, and otherwise consistent with the historical Financial Statements of the Borrower, together with appropriate supporting details and a statement of underlying assumptions.

  • Affiliated Lender Cap has the meaning assigned to such term in Section 9.05(g)(iv).

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.