Borrower Loan Payments definition
Examples of Borrower Loan Payments in a sentence
In addition, the Borrower shall make Borrower Loan Payments in accordance with the Borrower Note in the amounts and at the times necessary to make all payments due and payable on the Funding Loan.
In addition, the Borrower shall make Borrower Loan Payments in accordance with the Borrower Notes in the amounts and at the times necessary to make all payments due and payable on the Funding Loan.
In addition, the Borrower shall make the Borrower Loan Payments in accordance with the Borrower Note in the amounts and at the times necessary to make all payments due and payable on the Funding Loan.
Section 2.1. Origination of Borrower Loan 18 Section 2.2. Security for the Funding Loan 18 Section 2.3. Loan; Borrower Note; Conditions to Closing 20 Section 2.4. Borrower Loan Payments.
The regularly scheduled principal payments due and payable by the Borrower are set forth therein in the column entitled “Borrower Loan Payments.” Borrower Loan Payments do not include any payment obligations of Borrower pursuant to the Borrower Covered Bond Payment Obligation, the Shortfall Payment Obligation, the Fiddler’s Bonds Paydown Requirement, or otherwise required hereunder.
All Borrower Loan Payments received by Lender shall be credited to the Borrower Loan Payment Account of the Loan Payment Fund for application as provided in Section 4.03(b) hereof.
Amounts on deposit in the Borrower Loan Payment Account shall be applied to Borrower Loan Payments on the applicable Payment Date.
Without limitation to the foregoing, the Company shall direct that any Borrower Loan Payments to be remitted to the Company by electronic transfer be transmitted directly to the Deposit Account.
In addition, the Governmental Lender hereby irrevocably pledges to Baypoint, as further security for its obligation to repay amounts due under the Funding Loan Note and its obligations under the Funding Loan Agreement (and hereby appoints Baypoint as its agent to collect), all of the Borrower Loan Payments (including prepayments thereof) from the Borrower under the Borrower Loan Agreement.
The Borrower shall make Borrower Loan Payments in accordance with the Borrower Notes.