Leasehold Borrower definition

Leasehold Borrower shall have the meaning set forth in the Mortgage Loan Agreement.
Sample 1Sample 2
Leasehold Borrower means, collectively and individually, those borrowers described in Exhibit I attached hereto and made a part hereof, as the same may be amended from time to time; provided, however, any such borrower shall not constitute a "Borrower" or "Real Estate Borrower" hereunder, or be subject to any terms and conditions hereof, unless and until such borrower becomes a "Borrower" and joins in this Agreement, as contemplated herein.
Sample 1
Leasehold Borrower means each of the Borrowers identified as such on Schedule 3 hereto.
Sample 1

Examples of Leasehold Borrower in a sentence

  • Senior Lender, Junior Lender, Fee Borrower and Leasehold Borrower have caused this Agreement to be duly executed as of the day and year first above written.

  • The stock of Leasehold Borrower Representative and the membership interests in Leasehold Borrower are owned free and clean of all liens, warrants, options and rights to purchase.

  • Guarantor is the owner of all of the issued and outstanding stock of the Leasehold Borrower Representative, all of which capital stock has been validly issued or fully paid and is nonassessable.

  • No Borrower shall enter into a proposed Material Lease or a proposed renewal, extension or modification of an existing Material Lease without the prior written consent of Lender; provided, however, that the provisions for payment of rent from Leasehold Borrower to Fee Borrower in the Operating Lease may be adjusted or modified without the prior consent of Lender, if such adjustment or modification does not effect the rights or obligations of either Borrower under the Loan or the Loan Documents.

  • The sole managing member of Leasehold Borrower is the Leasehold Borrower Representative.

  • If the County Board expends any monies to cure or attempt to cure any default by Leasehold Borrower under the terms of the VHDA Deed of Trust, Borrower shall be obligated to reimburse the County Board, upon written demand from the County Board, for all such amounts so expended, all such amounts so expended by the County Board shall be deemed to be proceeds of the County Leasehold Loan.

  • Senior Lender shall give Junior Lender copies of any default notices that it gives Leasehold Borrower under the Senior Lender Agreements, which notices shall be in writing, shall be given in the manner set forth in the Senior Lender Agreements and shall be sent to the address set forth in the introductory paragraph of this Agreement.

  • Neither Fee Borrower nor Leasehold Borrower is a "foreign person" within the meaning of Section 1445(f)(3) of the Code.

  • SSL owns, directly or indirectly, one hundred percent (100%) of the membership interests of each Fee Owner (as hereinafter defined) and each Leasehold Borrower.

  • New Manager and Leasehold Borrower shall execute an Assignment of Management Agreement in the form then used by Lender which shall provide, among other things, that the payment of any fee to New Manger is subordinate to the payment of Debt Service.


More Definitions of Leasehold Borrower

Leasehold Borrower means JG Xxxxxxxxx, LLC, a Delaware limited liability company, together with its permitted successors and permitted assigns.
Sample 1
Leasehold Borrower shall have the meaning set forth in the preamble to this Agreement, together with its permitted successors and assigns.
Sample 1

Related to Leasehold Borrower

  • Borrower as defined in the preamble hereto.

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

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Loan Party means the Borrower and each Guarantor.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Parent Borrower as defined in the preamble hereto.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • 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.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that:

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Permitted Lessee means the lessee under a Permitted Lease.

  • Non-Credit Party means any Subsidiary of the Borrower that is not a Credit Party.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.