Borrower Obligation definition

Borrower Obligation shall have the meaning set forth in Section 11.7 hereof.

Borrower Obligation means the Senior Secured Obligations or the Subordinate Obligations, as the context requires.

Borrower Obligation mean, collectively or individually, as applicable, without duplication, (i) all of the obligations, indebtedness and liabilities of Borrower to Lender, whenever arising, under this Agreement, the Notes or any of the other Credit Documents including principal, interest, fees, reimbursements and indemnification obligations and other amounts (including, but not limited to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the Bankruptcy Code with respect to Borrower, regardless of whether such interest is an allowed claim under the Bankruptcy Code) and (ii) all Bank Product Debt.

Examples of Borrower Obligation in a sentence

• In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any Borrower Obligation), shall the interest taken, reserved, contracted for, charged, or received under this Loan Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable Law.

• In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any Borrower Obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable Law.

• In furtherance hereof, if any Credit Party is prevented by law from collecting or otherwise hindered from collecting or otherwise enforcing any Borrower Obligation in accordance with its terms, such Credit Party shall be entitled to receive hereunder from the Subsidiary Guarantors after demand therefor, the sums which would have been otherwise due had such collection or enforcement not been prevented or hindered.

• In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any Borrower Obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under the Notes, under the First Mortgage Bonds or otherwise, exceed the maximum nonusurious amount permissible under applicable Law.

• Each Guarantor agrees that its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Borrower Obligation is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party upon the bankruptcy or reorganization of the Borrower, any other Loan Party or otherwise.

More Definitions of Borrower Obligation

Borrower Obligation has the meaning specified in Section 2.01(a).

Borrower Obligation means a bond or a loan agreement.

Borrower Obligation has the meaning specified in Section 2.01(a). “Borrower Obligor” has the meaning specified in Section 2.01(a). “Discharge of Finance Obligations” has the meaning specified in Section 2.04. “Fraudulent Transfer Laws” has the meaning specified in Section 2.01(c). “Guaranteed Obligations” has the meaning specified in Section 2.01(a). “Insolvency or Liquidation Proceeding” has the meaning specified in Section 2.01(a).

Borrower Obligation means a bond.

Borrower Obligation has the meaning set forth in the Loan Agreement.

Borrower Obligation means any obligation of the borrower (a) to pay to the Lender the principal of and interest on the Note; and (b) to pay, satisfy, or perform any other obligation to the Lender arising under this Agreement, including, without limitation, all costs and expenses and reasonable attorneys' fees incurred by the Lender for the protection, preservation, or enforcement of its rights and remedies arising under this Agreement, the Note or the Other Note.

Borrower Obligation means the Senior Debt or any of the Subordinate Obligations, as the context requires.