Funding Obligor definition

Funding Obligor has the meaning set forth in Section 9.4.
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Funding Obligor has the meaning set forth in Section 2.22.
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Funding Obligor has the meaning specified in SECTION 4.14 hereof.
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Examples of Funding Obligor in a sentence

  • The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Obligor.

  • Accordingly, in the event any payment or distribution is made by a Co-Borrower under any Loan Document (a “Funding Obligor”) that exceeds its Fair Share (as defined below), that Funding Obligor shall be entitled to a contribution from the other Co-Borrower in the amount of such Co-Borrower’s Fair Share Shortfall (as defined below), with the result that all such contributions will cause each Co-Borrower’s Aggregate Payments (as defined below) to equal its Fair Share.

  • In the event that at any time any Obligor pays an amount under this Agreement in excess of the amount calculated pursuant to clause (A) of Section 3 hereof, that Obligor shall be deemed to be a Funding Obligor to the extent of such excess and shall be entitled to contribution from the Obligors in accordance with the provisions of this Agreement.

  • Any amount payable as a contribution under this Agreement shall be determined as of the date on which the related payment is made by a Funding Obligor.

  • In the case of any payments, damages or expenses incurred by a Funding Obligor in respect of the Loan, this Joinder and Amendment shall not limit any right which any party may have against any other person whether or not a party hereto.

  • Accordingly, in the event any payment or distribution is made by a Borrower under this Agreement (a "FUNDING OBLIGOR") that exceeds its Fair Share (as defined below), that Funding Obligor shall be entitled to a contribution from each of the other Contributing Obligors in the amount of such other Contributing Obligor's Fair Share Shortfall (as defined below), with the result that all such contributions will cause each Contributing Obligor's Aggregate Payments (as defined below) to equal its Fair Share.

  • Any amount payable as a contribution under the Loan Documents or this Joinder and Amendment shall be determined as of the date on which the related payment is made by a Funding Obligor.

  • The amount of any Contribution under this Agreement shall be equal to the payment made by the Funding Obligor pursuant to the Loan Agreement and shall be determined as of the date on which the such payment is made.

  • In order to provide for just and equitable contribution among the Obligors in the event any Contribution is made by an Obligor (a "Funding Obligor") under the Loan Agreement, that Funding Obligor shall be entitled to a contribution from certain other Obligors for all payments, damages and expenses incurred by that Funding Obligor in discharging any of the Obligations, in the manner and to the extent set forth in this Agreement.

  • In the event that at any time there exists more than one Funding Obligor with respect to any Contribution (in any such case, the "APPLICABLE CONTRIBUTION"), then payment from other Obligors pursuant to this Agreement shall be allocated among such Funding Obligors in proportion to the total amount of the Contribution made for or on account of the Borrowers by each such Funding Obligor pursuant to the Applicable Contribution.


More Definitions of Funding Obligor

Funding Obligor has the meaning specified in Section 3.5.
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Related to Funding Obligor

  • Underlying Obligor means with respect to an Underlying Obligation, the issuer in the case of a Bond, the borrower in the case of a Loan, or the principal obligor in the case of any other Underlying Obligation.

  • Originator means the sender of the first payment order in a funds transfer.

  • Conduit Purchaser means each commercial paper conduit that is or becomes a party to this Agreement in the capacity of a “Conduit Purchaser”.

  • Original Obligor means an Original Borrower or an Original Guarantor.

  • SPV has the meaning assigned to such term in Section 9.04(e).

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

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

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Group D Obligor means any Obligor that is not a Group A Obligor, Group B Obligor or Group C Obligor.

  • Lead Securitization Note Holder means the holder of the Lead Securitization Note.

  • Originators have the meaning set forth in the Purchase and Sale Agreement, as the same may be modified from time to time by adding new Originators or removing Originators, in each case with the prior written consent of the Administrative Agent.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Special Purpose Receivables Subsidiary means a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Receivables Financing for the acquisition of Receivables Assets or interests therein, and which is organized in a manner intended to reduce the likelihood that it would be substantively consolidated with Holdings, the Borrower or any of the Subsidiaries (other than Special Purpose Receivables Subsidiaries) in the event Holdings, the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law).

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.

  • Non-Lead Securitization Note Holder means any holder of a Non-Lead Securitization Note.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Custodial parent means a parent awarded custody by a court decree. In the absence of a court decree, it is the parent with whom the child resides more than one half of the calendar year without regard to any temporary visitation.

  • Limited Originator Recourse means a letter of credit, cash collateral account or other such credit enhancement issued in connection with the incurrence of Indebtedness by a Securitization Subsidiary under a Qualified Securitization Financing.

  • Special Pass-Through Entity means a grantor trust, S corporation, or partnership (as determined, in each case, for Federal income tax purposes) where more than 50% of the value of any beneficial owner’s interest in such pass through entity is attributable to the pass-through entity’s interest in the Retained Note.

  • Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.