Borrower Loan definition
Examples of Borrower Loan in a sentence
Unless the context otherwise requires, the capitalized terms used herein shall have the respective meanings assigned to them in the recitals hereto, in this Section 1, the Funding Loan Agreement or the Borrower Loan Agreement.
Notwithstanding any prepayment of the Borrower Loan or the discharge of the Funding Loan Agreement, the Owner shall continue to pay to the Fiscal Agent reasonable compensation for any services rendered by it hereunder and reimbursement for all expenses reasonably incurred by it in connection therewith, and shall continue to pay (or, to the extent allowed under the Code, shall prepay) the Annual City Fee and related expenses as provided in Section 7(a) and Section 9 of this Regulatory Agreement.
All obligations of the Governmental Lender hereunder shall be limited obligations, payable solely from proceeds of the Governmental Lender Note and other amounts derived by the Governmental Lender from the Borrower Loan or otherwise under the Borrower Loan Agreement.
The Owner hereby covenants and agrees that it shall indemnify and hold harmless the Governmental Lender and the Fiscal Agent and their respective officers, members, directors, officials, employees and agents as set forth in the Borrower Loan Agreement.