Overpaying Borrower definition

Overpaying Borrower has the meaning set forth in Section 7.28.
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Overpaying Borrower has the meaning specified in Section 2.19(a).
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Overpaying Borrower has the meaning provided in Section 2.12(j).
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Examples of Overpaying Borrower in a sentence

  • If any Borrower (the “Overpaying Borrower”) pays (whether directly or by application of Collateral), or is otherwise held liable for, obligations in excess of the Pro Rata Share of the Overpaying Borrower, the other Borrowers will pay the amount of such excess to the Overpaying Borrower and will indemnify the Overpaying Borrower for, from and against any claims, damages, loss or liability arising from or related to such overpayment.

  • If a Borrower shall pay an amount with respect to the Obligations in excess of its proportionate share, determined as set forth in this Section 2.16(b) (an “Overpaying Borrower”), the other Borrower shall make a payment to such Overpaying Borrower in an amount such that the aggregate amount of each Borrower’s payments hereunder and in respect of the Obligations reflects its proportionate share of the Obligations, as so determined.

  • If any Borrower (the “Overpaying Borrower”) pays (whether directly or by application of any collateral for the Loan), or is otherwise held liable for, obligations in excess of the Pro Rata Share of the Overpaying Borrower, the other Borrower will pay the amount of such excess to the Overpaying Borrower and will indemnify the Overpaying Borrower for, from and against any claims, damages, loss or liability arising from or related to such overpayment.

  • Accordingly, as among the Borrowers, if any Borrower (the “Overpaying Borrower”) pays (whether directly or by application of Collateral), or is otherwise held liable for, obligations in excess of the Borrower Pro Rata Share for the Overpaying Borrower, the other Borrowers will pay the amount of such excess to the Overpaying Borrower and will indemnify the Overpaying Borrower for, from and against any claims, damages, loss or liability arising from or related to such overpayment.

  • In no event shall a Benefitted Borrower be required to make a Contribution Payment that would cause the Benefited Borrower to become an Overpaying Borrower.

  • In no event shall a Benefitted Borrower be required to make a Contribution Payment that would cause the Benefitted Borrower to become an Overpaying Borrower.


More Definitions of Overpaying Borrower

Overpaying Borrower shall have the meaning set forth in Section 17.16 hereof.
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Overpaying Borrower means any Individual Borrower (i) who shall pay any amount in excess of its Allocated Loan Amount together with interest thereon and its proportionate share (based on its Allocated Loan Amount) of any other amounts payable under the Loan Documents, or (ii) whose Individual Property or assets have been utilized to satisfy obligations under the Loan or otherwise for the benefit of one or more other Individual Borrowers in excess of its Allocated Loan Amount.
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Overpaying Borrower has the meaning assigned in Section 11.19(j). “Overpayment Amount” has the meaning assigned in Section 11.19(j). “Partial Release” has the meaning assigned in Section 2.17(a).
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Overpaying Borrower has the meaning set forth in Section 8.31. “PACE Debt” means any amounts owed in respect of energy retrofit lending programs, commonly known as “PACE loans”. For avoidance of doubt, PACE Debt is not Permitted Debt and Liens securing PACE Debt are not Permitted Encumbrances. “Participation” has the meaning set forth in Section 8.7(b). “Parkway” means Parkway, Inc., a Maryland corporation. “Parkway Properties” means Parkway Properties LP, a Delaware limited partnership. “PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56) (signed into law October 26, 2001), as amended from time to time. “Payment Date” means, with respect to each Interest Accrual Period, the sixth day of the calendar month in which such Interest Accrual Period ends; provided, that prior to a Securitization, Lender shall have the right to change the Payment Date so long as a corresponding change to the Interest Accrual Period is also made. Whenever a Payment Date is not a Business Day, the entire amount that would have been due and payable on such Payment Date shall instead be due and payable on the immediately preceding Business Day. “Permits” means all licenses, permits, variances and certificates used in connection with the ownership, operation, use or occupancy of each of the Properties (including certificates of occupancy, business licenses, state health department licenses, licenses to conduct business and all such other permits, licenses, consents, approvals and rights, obtained from any Governmental Authority or private Person concerning ownership, operation, use or occupancy of such Property). “Permitted Debt” means: (i) the Indebtedness; (ii) Taxes not yet delinquent or being contested in good faith (so long as Taxes are not deemed delinquent during the pendency of such contest); (iii) tenant allowances and Capital Expenditure costs required under Leases or otherwise permitted to be incurred under the Loan Documents that are paid on or prior to the date when due or that are being diligently contested in good faith and by appropriate proceedings, provided that in connection with any such contest the amount of which being contested is in excess of $1,000,000, Borrower deposits with Lender an amount 18
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Overpaying Borrower has the meaning specified in Section 8.29. “Partial Assignment” has the meaning specified in Section 7.1. “Payment” has the meaning specified in Section 2.8.
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Related to Overpaying Borrower

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

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

  • 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;

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

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

  • Applicant Borrower has the meaning specified in Section 2.14.

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

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

  • Swiss Borrower means a Borrower incorporated, or for tax purposes resident, in Switzerland.

  • Treaty Lender means a Lender which:

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

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

  • German Borrower means a Borrower incorporated in Germany.

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

  • 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 Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • 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.

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

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

  • applicant Party means the Contracting Party requesting information;

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

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

  • 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.

  • Borrower as defined in the preamble hereto.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.