Junior Borrower definition

Junior Borrower means, Mezzanine A Borrower, Mezzanine B Borrower and Mezzanine C Borrower, individually or collectively as the context may require.
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Junior Borrower means, collectively, First Mezzanine Borrower, Second Mezzanine Borrower, Third Mezzanine Borrower, Fourth Mezzanine Borrower, Fifth Mezzanine Borrower, Sixth Mezzanine Borrower and Seventh Mezzanine Borrower, unless the context otherwise requires, in which case it shall mean either First Mezzanine Borrower, Second Mezzanine Borrower, Third Mezzanine Borrower, Fourth Mezzanine Borrower, Fifth Mezzanine Borrower, Sixth Mezzanine Borrower or Seventh Mezzanine Borrower.
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Junior Borrower has the meaning given to the term “Company” in each Junior Note Agreement or the borrower or issuer under a New Junior Financing Equivalent.
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Examples of Junior Borrower in a sentence

  • Junior Loan Maturity Date: The date falling one business day after the date on which the Senior Loans are repaid in full, or any other date after the Junior Loan Maturity Date as agreedbetween the Junior Borrower and the Issuer.

  • Governing law: Luxembourg Loan Security: Unsecured Junior Borrower: BGP Investment II S.à r.l., LuxembourgSenior Loan Security Land Charges The obligations of the Senior Borrowers under the Senior Finance Documents will be secured by,inter alia, land charges governed by German law over the Properties.

  • The Junior Borrower may pay interest in whole or in part on each Loan Payment Date.

  • Payment restriction: The Junior Borrower may not prepay or repay the Junior Loan (in whole or in part) until the Senior Loans have been repaid in full, or provided that the principal amount outstanding on the Junior Loan must not be less than 5 per cent.

  • On August 2, 2002, National Union formally acknowledged receipt of information concerning the Snipes lawsuit and further stated that since the allegations asserted in Snipes were the same as those alleged in Wood, Snipes would be deemed one “Claim” with Wood, “first made” during the 1998 policy period when Wood was filed and subject to the 1998 Primary Policy limits.5 (Dkt.

  • The provisions of this Section 15(b) shall not limit or alter the rights of Senior Lender with respect to Borrower pursuant to the Senior Loan Documents or any Junior Lender with respect to its respective Junior Borrower pursuant to the applicable Junior Loan Documents.

  • Finally, the Intercreditor Agreement provides that its provisions will be applicable both before and after the commencement, whether voluntary or involuntary, of any Proceeding with respect to any Borrower Party or any Junior Borrower.

  • Intercreditor Agreement, § 1.32 Under the Intercreditor Agreement, a “Proceeding” includes a bankruptcy case in which any Borrower Party or any Junior Borrower is a debtor; and the “Junior Borrower(s)” are the Mezzanine Borrowers.

  • Senior Junior Lender shall deliver to Subordinate Junior Lender a copy of any notice of an Event of Default under the Senior Junior Loan Documents, transfer of the Senior Junior Loan to “special servicing” and/or the commencement of an Equity Collateral Enforcement Action under the Senior Junior Loan Documents simultaneously with the delivery of such notice to the Senior Junior Borrower.

  • The Intercreditor Agreement used in this case is more indicative of mezzanine lending in the real estate context and not second lien financing.vote of the independent directors/managers/members of such Junior Borrower.


More Definitions of Junior Borrower

Junior Borrower. “Parent”, “Party”, “Primary Creditor”, “Security Agent”, “Senior Agent”, “Senior Creditor”, “Subordinated Creditor” and “Senior Lender” shall be construed to be a reference to it in its capacity as such and not in any other capacity;
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Junior Borrower means any Junior Credit Party that incurs or issues Junior Secured Indebtedness, together with its successors and assigns.
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Junior Borrower means First Mezzanine Borrower and/or Second Mezzanine Borrower, as the context may require.
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Junior Borrower means Kapa Shipping Company Inc., a company incorporated according to the law of the Republic of the Marshall Islands with registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands;
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Junior Borrower means Kapa Shipping Company Inc., a company incorporated according to the law of the Republic of the Xxxxxxxx Islands with registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, Xxxxxxxx Islands;
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Related to Junior Borrower

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

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

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • DIP Lender means a lender under the DIP Facility.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Borrower Pledge Agreement means the Pledge Agreement executed and delivered by the Borrower pursuant to Section 5.1.5, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, restated or otherwise modified from time to time.

  • Borrower as defined in the preamble hereto.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Junior Lien Indebtedness means any Indebtedness (other than any ABL Facility) that is secured by a junior Lien to the Lien securing the Secured Obligations and that was permitted to be incurred and so secured hereunder.

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

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Borrower Principal means any of the following:

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

  • First Lien Indebtedness means the Indebtedness under the First Lien Indebtedness Documents.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.