Borrower Payment definition

Borrower Payment shall have the meaning assigned in Section 8.5(a).

Borrower Payment has the meaning provided in Section 2.11.

Borrower Payment means any money or other consideration distributed (or paid as a dividend or similar payment or as a payment on account of indebtedness or paid as return of capital or as a redemption of any equity interest in Borrower) by Borrower to (or to any Affiliate of) any partner, member, shareholder, principal, or other equity owner of Borrower, or paid as management, asset management, development, or other fees to any of the foregoing;

Examples of Borrower Payment in a sentence

• Without limiting the generality of the foregoing, the Borrower agrees that if an Event of Default is continuing, all Liens and other rights, remedies or privileges provided to the Funding Lender shall remain in full force and effect until they have exhausted all of its remedies, the Security Instrument has been foreclosed, the Project has been sold and/or otherwise realized upon satisfaction of the Borrower Payment Obligations or the Borrower Payment Obligations has been paid in full.

• The provisions of this Section 10.2 shall survive the expiration and termination of this Borrower Loan Agreement and the repayment of the Borrower Payment Obligations.

• To the extent permitted by applicable law, nothing contained in any Borrower Loan Document shall be construed as requiring the Funding Lender to resort to any portion of the Project for the satisfaction of any of the Borrower Payment Obligations in preference or priority to any other portion, and the Funding Lender may seek satisfaction out of the entire Project or any part thereof, in its absolute discretion.

• The Governmental Lender shall have the continuing and exclusive right to apply or reverse and reapply any and all payments by the Borrower to any portion of the Borrower Payment Obligations.

• The Borrower Payment Amount and any other funds provided to the Settlement Administrator for these purposes shall be administered in accordance with the terms set forth in Exhibit B.

• Borrower hereby covenants and agrees as follows, which covenants shall remain in effect so long as any Borrower Payment Obligation or other obligation of Borrower under any of the other Borrower Loan Documents or the Funding Loan Documents remains outstanding or unperformed.

• Daily Borrower Payment Funding (EDW_FDR_UE_TRSTDFI_STG) Loan Selection Replication (LTLSL/LTLRP/LTCDD) Daily Buyback ABCPOWNSSN 4.

• The Borrower Payment Amount shall be administered under the direction and control of the Executive Committee in the following manner.

• The Borrower Payment Amount shall be used: (1) for payments to borrowers who submit claims and are in either or both of the Service Transfer and Property Preservation Populations set forth below; and (2) for reasonable costs and expenses of the Settlement Administrator, including taxes and fees for tax counsel.

• The releases contained in Exhibit C shall become effective upon payment of the Borrower Payment Amount identified in Section IV and the Administrative Penalty identified in Section VI.

More Definitions of Borrower Payment

Borrower Payment has the meaning assigned to such term in Section 12.34.

Borrower Payment shall have the meaning set forth in Section 2.6(b)(i).

Borrower Payment means the amounts paid or required to be paid, from time to time, for principal and interest by a Borrower to the Authority on such Borrower’s Borrower Bonds, plus the Borrower’s Allocable Proportion of Authority Reserve Fund Interest Expense and the amount, if any, required to pay or to reimburse the Authority for the payment of a Reserve Fund Reimbursement Obligation and/or Credit Facility Reimbursement Obligation attributed to the Borrower, together with interest thereon.