Nominated Borrower definition

Nominated Borrower has the meaning given to it in paragraph 6(d) (Disposals) of Part 3 (General Covenants) of Schedule 2 (Covenants) of the Common Terms Agreement.
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Nominated Borrower means the borrower who is nominated to use the Optional Payment Waiver as recorded in the section titled ‘Optional Products’ in the Specific Terms and Conditions (Vehicle Loan).
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Nominated Borrower means any Subsidiary or Subsidiary Undertaking of the Parent from time to time which has been nominated by the Parent as a borrower under this Agreement.
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Examples of Nominated Borrower in a sentence

  • Confirm details of anyone else living in the security property who is not a Nominated Borrower (for instance, tenants, relatives or caregivers).

  • Yes No ☐ ☐– The loan balance will become due and payable at the end of the 5 year term or,if earlier, should the last Nominated Borrower pass away.

  • Yes NoIf the application is for a Standard Reverse Mortgage, the loan balance will become due and payable when the last Nominated Borrower no longer resides in the home (this could be dueto moving house, moving into a retirement village or aged care, or death).

  • Please detail why the primary residence is not being used as security: Do you understand: That under a Secondary Property Loan, the loan balance will become due and payable when the security property is sold or the last Nominated Borrower no longer resides in their owner occupied home (or primary residence).

  • Hence, the main focus of my research is on the role of female Madaris for preparing young women for their social and economic roles in society.

  • Other occupier(s) Confirm details of anyone else living in the security property who is not a Nominated Borrower (for instance, tenants, relatives or caregivers).

  • Marital Status Given Names Surname Date of Birth Country(s) of Citizenship Home Phone Mobile Email If the residential or postal address details are different for Nominated Borrower 2, please advise in the additionalnotes section at the back of this form.

  • Please note that other occupiers will not benefit from lifetime occupancy, and they will be required to sign an acknowledgement prior to settlement, confirming that they understand the loan must be repaid after the last Nominated Borrower exits their home.

  • Yes No ☐ ☐– If the application is for a Standard Reverse Mortgage, the loan balance will become due and payable when the last Nominated Borrower no longer resides in the home (this couldbe due to moving house, moving into a retirement village or aged care, or death).

  • Yes No – If the application is for a Standard Reverse Mortgage, the loan balance will become due☐ ☐and payable when the last Nominated Borrower no longer resides in the home (this couldbe due to moving house, moving into a retirement village or aged care, or death).

Related to Nominated Borrower

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • 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.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

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

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this 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;

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

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

  • German Borrower means a Borrower incorporated in Germany.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

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

  • Canadian Borrower as defined in the preamble hereto.

  • The Borrower has advised the Banks that the Borrower is currently working on a revised business plan which will include, among other things, a request to restructure 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 concerning the proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not 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, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, a May 19, 2000, letter agreement, a June 1, 2000, letter agreement, a June 9, 2000, letter agreement, a June 16, 2000, letter agreement, a June 29, 2000, letter agreement, a July 21, 2000, letter agreement, an August 11, 2000, letter agreement, and a September 8, 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, as of March 31, 2000, as of June 30, 2000, and as of September 30, 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 October 13, 2000 (the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from September 29, 2000, to the Waiver Termination Date, and (iii) amend the due date for the payment of principal, interest and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) 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 September 29, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 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 amend the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date, provided that:

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Foreign Borrower has the meaning specified in the introductory paragraph hereto.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

  • Parent Borrower as defined in the preamble hereto.

  • Dutch Borrower means any Borrower that is organized under the laws of the Netherlands.

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Applicant Borrower has the meaning specified in Section 2.14.

  • Borrowing Subsidiary means, at any time, any Subsidiary of the Company designated as a Borrowing Subsidiary by the Company pursuant to Section 2.19 that has not ceased to be a Borrowing Subsidiary pursuant to such Section or Article 7.