Junior Lender definition

Junior Lender is defined in Section 43(e).

Junior Lender means the Initial Junior Lender, except that, if the Junior Loan has been Transferred pursuant to Section 4 of this Agreement, then “Junior Lender” shall mean the transferee with respect to such Transfer.

Junior Lender means the transferee with respect to such Transfer.

Examples of Junior Lender in a sentence

• If Borrower is not required to pay all fees and expenses of the Rating Agencies in connection with any request for any Rating Agency Confirmation pursuant to the Senior Loan Documents or the Junior Loan Documents, Junior Lender shall pay all fees and expenses of the Rating Agencies in connection with any request for any Rating Agency Confirmation pursuant to this Agreement.

• If Junior Lender or any affiliated or related person violates the preceding sentence, then without limiting Senior Lender’s other rights or remedies, any and all liens and payments the Junior Lender receives for or under such financing shall be void and assigned to Senior Lender.

• In the event that both Junior Lender and Senior Lender have such rights at any time, and Senior Lender fails to exercise such rights, Junior Lender may exercise such rights; provided, that such exercise may be superseded by any subsequent exercise of such rights by Senior Lender pursuant to the Senior Loan Documents.

• Any additional cure period granted to Junior Lender hereunder shall automatically terminate upon the bankruptcy (or similar insolvency) of Borrower.

• Nothing contained herein shall prohibit the Junior Lender from making Protective Advances (and adding the amount thereof to the principal balance of the Junior Loan) notwithstanding the existence of a default under the Senior Loan at such time.

More Definitions of Junior Lender

Junior Lender means, collectively, the holders of the Junior Notes.

Junior Lender means the maker of any Junior Loan or beneficiary of any Junior Loan Deed of Trust.

Junior Lender has the meaning provided in the first paragraph of this Agreement.

Junior Lender means Nationwide Commercial Co. and its successors and assigns in its capacity as the maker of the Junior Loan.

Junior Lender means any Lender that receives a lower priority in the distribution rights under Section 10.2 vis-à-vis another Lender. The Class B Lenders and the Class C Lender shall be a Junior Lender vis-à-vis the Class A Lender. The Class A Lender will not be a Junior Lender.

Junior Lender shall where the context permits include their respective successors and permitted assigns and any persons deriving title under them.

Junior Lender means, collectively, First Mezzanine Lender, Second Mezzanine Lender, Third Mezzanine Lender, Fourth Mezzanine Lender, Fifth Mezzanine Lender, Sixth Mezzanine Borrower and Seventh Mezzanine Borrower, unless the context otherwise requires, in which case it shall mean either First Mezzanine Lender, Second Mezzanine Lender, Third Mezzanine Lender, Fourth Mezzanine Lender, Fifth Mezzanine Lender, Sixth Mezzanine Borrower or Seventh Mezzanine Borrower, individually. As the context requires, Junior Lenders shall have the following order of priority: (i) first, First Mezzanine Lender; (ii) second, Second Mezzanine Lender; (iii) third, Third Mezzanine Lender; (iv) fourth, Fourth Mezzanine Lender; (v) fifth, Fifth Mezzanine Lender, (vi) sixth, Sixth Mezzanine Lender and (vii) seventh, Seventh Mezzanine Lender.