Corresponding Borrower Loan definition

Corresponding Borrower Loan means, with respect to a particular series of Securities, the Borrower Loan upon which such series of Securities is dependent for payment.
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Corresponding Borrower Loan means the Prosper Borrower Loan upon which a series of Prosper Borrower Notes is dependent for payment.
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Corresponding Borrower Loan means the Borrower Loan upon which a series of Securities is dependent for payment.
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Examples of Corresponding Borrower Loan in a sentence

  • The Company shall have no liability or obligation with respect to the payment of Principal and interest on any Securities except to the extent of the Borrower Loan Net Payments in respect of the Corresponding Borrower Loan.

  • This Note represents a limited obligation of the Issuer that is entirely dependent upon receipt by the Issuer of payment on the Corresponding Borrower Loan.

  • The Company shall have no liability or obligation with respect to the payment of principal and interest on any Securities except to the extent of the Borrower Loan Net Payments in respect of the Corresponding Borrower Loan.

  • Loop Funding will not pay to Noteholders any Unsuccessful Payment Fees (as defined below), cheque processing and other processing fees, Collection Fees or Third-Party Charges and any payments due to Loop Funding on account of the portion of the Corresponding Borrower Loan, if any, that Loop Funding has funded itself.

  • Notwithstanding the foregoing, Investor shall have no recourse against Issuer unless, and then only to the extent that, Issuer has failed to pay Investor’s pro-rata share of the payments received by Issuer under the Corresponding Borrower Loan or has otherwise breached a covenant of this Note.

  • Notes of a particular series will correspond to a Corresponding Borrower Loan facilitated through the borrowing section of the Platform.

  • The Issuer will, at its sole discretion (and with no obligation), advance any and all amounts necessary to protect its interest in the Corresponding Borrower Loan, including (without limitation) foreclosure fees and related costs as well as payments necessary to pay property taxes, senior liens, junior liens, and other fees and costs Issuer deems necessary to protect its lien in the Corresponding Borrower Loan (the “Issuer’s Advances”).

  • However, if no payments are made to Issuer pursuant to the terms of the Corresponding Borrower Loan, then the Issuer is not obligated to make the corresponding payments to the Investor pursuant to the payment schedule referenced hereinabove.

  • The home court must guess how that tribunal might act, and must determine what evidence to consider in making that guess.

  • The Issuer may, in its sole discretion, make principal or interest payments on the Note following the Final Maturity Date [in the event of Borrower’s default on the Corresponding Borrower Loan and the Issuer’s liquidation of its security interest in the Corresponding Borrower Loan].


More Definitions of Corresponding Borrower Loan

Corresponding Borrower Loan means the Borrower Loan upon which a series of Borrower Member Dependent Notes is dependent for payment.
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Corresponding Borrower Loan means the Borrower Loan upon which a series of Borrower Member Payment Dependent Notes is dependent for payment.
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Corresponding Borrower Loan means the Borrower Loan whose revenues will fund Borrower Payments.
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Corresponding Borrower Loan means the Corresponding Prosper Borrower Loan and/or Corresponding Open Market Loan.
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Related to Corresponding Borrower Loan

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.