Loan Obligor definition

Loan Obligor means any borrower, co-borrower, guarantor, or other obligor with respect to a Loan. In respect of each Loan, if there is more than one Loan Obligor (husband and wife, for example), references herein to Loan Obligor shall mean any or all of such Loan Obligors, as the context may require.
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Loan Obligor means any Mortgage Loan Obligor and/or Commercial Loan Obligor.
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Loan Obligor means, with respect to a Loan, the Person obligated on the Contract for the Loan, and any other Person obligated to make payments under the Loan including any Person that executes a guarantee on behalf of such Loan Obligator.
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Examples of Loan Obligor in a sentence

  • Borrower shall not make any Collateral Loan to any Person other than a Collateral Loan Obligor without Lender’s prior written consent.

  • If any such environmental survey indicates that there are environmental issues with respect to such property, whether because of the conversion in usage or otherwise, it is possible that the related CRE Borrower or other CRE Loan Obligor will be required to remediate such environmental issues.

  • Although each CRE Borrower or other CRE Loan Obligor, as applicable, represented at origination of the related Loan that it had no existing material liabilities (other than indebtedness permitted under the related CRE Loan Agreement) and DBAG reviewed the related CRE Borrower's or CRE Loan Obligor's financial statements, each CRE Borrower may have been operating its respective property for some time prior to the origination of the related CRE Loan and, therefore, has prior operating history.

  • If a check from a Loan Obligor in payment of amounts owed on a Loan is returned unpaid by the drawee after the applicable Cut-Off Date and the amount of such check was credited to such account prior to the applicable Cut-Off Date, then the Loan Principal Balance of such Loan shall be increased accordingly and the Depositor agrees to pay to the applicable Seller an amount as determined pursuant to Section 3.02(b).

  • The existence of such prior operating history may create a higher risk for CRE Borrowers or CRE Loan Obligors, as applicable, that there may exist certain claims in connection with such prior operations that have not yet been made against such CRE Borrower or CRE Loan Obligor, as applicable.

  • Thus, if the operation of any such CRE Property becomes unprofitable such that a CRE Borrower or other CRE Loan Obligor becomes unable to meet its respective obligations on the related Loan, the liquidation value of any such CRE Property may be substantially less, relative to the amount owing on the related CRE Loan, than would be the case if such CRE Property were readily adaptable to other uses.

  • Promptly when requested by Administrative Agent or any Lender, correct and complete copies of all leases covering all or any portion of any Project, together with a rent roll covering such leases in form and substance reasonably required by Administrative Agent and certified to by the applicable Mortgage Loan Obligor as being true, correct and complete in all material respects.

  • The Loan Seller has not entered into any agreement with the Loan Obligor on any Loan that prohibits, restricts or conditions the assignment of all or part of a Loan.

  • Collateral Loan Obligor may conclusively rely upon all instructions, notices, requests for payment, and receipts given by Lender in connection with collection of the Collateral Loan.

  • The applicable Loan Schedule reflects any interest rate relief allowed to any Loan Obligor on such Loan under the Servicemembers Civil Relief Act as of the Cutoff Date.


More Definitions of Loan Obligor

Loan Obligor means any of Borrower, the Guarantors and any other endorsers, guarantors or obligors, primary or secondary, of any or all of the Indebtedness.
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Loan Obligor has the meaning ascribed to such term in Section 7.12.
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Loan Obligor means any Person, other than the SBA, who is or may become obligated to Borrower under an SBA 7(a) Loan.
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Loan Obligor means, and “Obligor” as defined in the Bank Credit Agreement.
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Loan Obligor means, with respect to any loan made by any Target Company, any Person or Persons obligated to make payments pursuant to or with respect to such loan, including any guarantor thereof.
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Related to Loan Obligor

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Foreign Obligor means a Loan Party that is a Foreign Subsidiary.

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

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

  • Obligor on the indenture securities means the Company and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria: