Other Borrower Obligations definition

Other Borrower Obligations has the meaning specified in Section 11.23.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of December 1, 2006, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Tropics Mobile Home Park located in Union City, the Loan Agreement dated as of November 1, 2007, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Santa Rosa Leisure Mobile Home Park, and the Loan Agreement dated as of August 1, 2016, among the Authority, the Borrower, and the Trustee, as trustee, relating to the Santa Rosa Leisure Mobile Home Park.

Other Borrower Obligations means the Borrower’s obligations under the Loan Agreement dated as of April 1, 2012 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Rancho Del Sol Mobile Home Park and the Grandview East Mobile Home Estates located in the City of Yucaipa, California.

Examples of Other Borrower Obligations in a sentence

• Each Borrower hereby expressly waives, with respect to the Other Borrower Obligations diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that the Administrative Agent, the Issuing Lender or any Lender exhaust any right, power or remedy or proceed against the other Borrower under this Agreement or the Notes or any other Loan Document, or against any other Person under any other guarantee of, or security for, any of the Other Borrower Obligations.

• Each Borrower hereby agrees that until the Termination Date, it shall not exercise any right or remedy arising by reason of any performance by it of any of its obligations hereunder, whether by subrogation or otherwise, against the Other Borrower Obligations or any security for any of the Other Borrower Obligations.

• Each of the Borrowers hereby expressly waives, with respect to the Other Borrower Obligations diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that the Agent or any Lender exhaust any right, power or remedy or proceed against the other Borrowers under this Agreement or the Notes or any other agreement or instrument referred to herein or therein, or against any other Person under any other guarantee of, or security for, any of the Other Borrower Obligations.

• Each Borrower hereby expressly waives, with respect to the Other Borrower Obligations, diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that the Administrative Agent, any Issuing Lender or any Lender exhaust any right, power or remedy or proceed against the other Borrowers under this Agreement or the Notes or any other Credit Document, or against any other Person under any other guarantee of, or security for, any of the Other Borrower Obligations.

• Each of the Borrowers hereby agrees that until the payment and satisfaction in full of all Other Borrower Obligations and the expiration and termination of the Commitments of the Lenders under this Agreement it shall not exercise any right or remedy arising by reason of any performance by it of any of its obligations hereunder, whether by subrogation or otherwise, against the Other Borrower Obligations or any security for any of the Other Borrower Obligations.

More Definitions of Other Borrower Obligations

Other Borrower Obligations shall have the meaning given such term in Section 9.1.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of July 1, 2011, among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Castle Mobile Estates mobile home park in Capitola, California, the Loan Agreement dated as of April 1, 2012 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Sahara Mobile Home Park located in Palm Springs, California, the Loan Agreement dated as of October 1, 2012 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Rancho Feliz Mobile Home Park and Las Casitas de Sonoma Mobile Home Park located in Rohnert Park, California, the Loan Agreement dated as of April 1, 2013 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Rancho Vallecitos Mobile Estates located in San Marcos, California, the Loan Agreement dated as of September 1, 2013 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Vista de Santa Xxxxxxx Mobilehome Park located in Carpinteria, California, the Loan Agreement dated as of June 1, 2014 among the Borrower, the City of La Verne and MUFG Union Bank, N.A., as trustee, relating to the Copacabana Mobilehome Park located in La Verne, California and the Loan Agreement dated as of November 1, 2014 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Hacienda Valley Estates located in Morgan Hill, California.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of July 1, 2011, among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Castle Mobile Estates mobile home park in Capitola, California, the Loan Agreement dated as of April 1, 2012 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Sahara Mobile Home Park located in Palm Springs, California, the Loan Agreement dated as of October 1, 2012 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Rancho Feliz Mobile Home Park and Las Casitas de Sonoma Mobile Home Park located in Rohnert Park, California and the Loan Agreement dated as of April 1, 2013 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Rancho Vallecitos Mobile Estates located in San Marcos, California.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of July 1, 2011, among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Castle Mobile Estates mobile home park in Capitola, California, the Loan Agreement dated as of May 1, 2013 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Sahara Mobile Home Park located in Palm Springs, California and the Loan Agreement dated as of October 1, 2013 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Rancho Feliz Mobile Home Park and Las Casitas de Sonoma Mobile Home Park located in Rohnert Park, California.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of July 1, 2011, among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Castle Mobile Estates mobile home park in Capitola, California, the Loan Agreement dated as of May 1, 2013 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Sahara Mobile Home Park located in Palm Springs, California and the Loan Agreement

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of 1, 20 , among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the mobile home park in , California]

Other Borrower Obligations means the Other Loans together with all obligations of every Other Borrower under the Other Borrower Loan Documents.