Representative Borrower definition

Representative Borrower shall have the meaning set forth in Section 14.1 hereof.
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Representative Borrower has the meaning set forth in Section 7.04(a).
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Representative Borrower has the meaning set forth in Section 10.1(d).
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Examples of Representative Borrower in a sentence

  • The Borrowers shall be entitled from time to time to appoint a replacement Representative Borrower by written notice delivered to Xxxxxx and signed by both the new Representative Xxxxxxxx and the Representative Xxxxxxxx being so replaced.

  • Any notice delivered to the Representative Borrower shall be deemed to have been delivered to all Borrowers, and any notice received from the Representative Borrower or any other Borrower shall be deemed to have been received from all Borrowers.


More Definitions of Representative Borrower

Representative Borrower has the meaning set forth in Section 8.4(a). “Required SPE” means each individual Borrower. “Restricted Person” means each Required SPE and each of its direct and indirect equityholders to the extent that such direct and indirect equityholders derive more than 25% of its aggregate gross income, and more than 25% of its net worth, from its direct or indirect interest in the Properties. For avoidance of doubt, none of Sponsor, CPP or TIAA is a Restricted Person. “Revenues” means all rents (including percentage rent), rent equivalents, moneys payable as damages pursuant to a Lease or in lieu of rent or rent equivalents (including all Termination Proceeds), royalties (including all oil and gas or other mineral royalties and bonuses), income, receivables, receipts, revenues, deposits (including security, utility and other deposits), accounts, cash, issues, profits, charges for services rendered, and other consideration of whatever form or nature received by or paid to or for the account of or benefit of Borrower from any and all sources including any obligations now existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the use and occupancy of property or rendering of services by Borrower and proceeds, if any, from business interruption or other loss of income insurance. “S&P” means Standard & Poor’s Ratings Services, a division of the XxXxxx-Xxxx Companies, Inc., and its successors. “Secured Corporate Debt” means secured indebtedness of Parkway, Sponsor, Parkway Properties General Partner, Inc., Parkway Properties, TIAA and/or CPP (i) that is not in the nature of a so-called mezzanine loan (i.e., secured solely by the equity interests in one or more of the Borrowers or any mezzanine borrower) as determined pursuant to applicable Rating Agency criteria, (ii) for which the direct or indirect interests in the Property constitutes no more than 25% of the collateral securing such indebtedness, and (iii) that is from a Qualified Institutional Lender, provided if such indebtedness is in the nature of a bank facility or similar multi- party consortium, then only the administrative agent must be a Qualified Institutional Lender so long as such administrative agent and no other Person has the right to foreclose on such interests (provided that an administrative agent shall be deemed to have the sole right to foreclose even if it needs to obtain the consent of other Persons in order to foreclose). “S...
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Related to Representative Borrower

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

  • Authorized Borrower Representative means a person at the time designated and authorized to act on behalf of the Borrower by a written certificate furnished to the Governmental Lender, the Funding Lender, the Fiscal Agent and the Servicer and containing the specimen signature of such person and signed on behalf of the Borrower by its Borrower Controlling Entity which certificate may designate one or more alternates.

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

  • Borrower Agent as defined in Section 4.4.

  • Borrower as defined in the preamble hereto.

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

  • Parent Borrower as defined in the preamble hereto.

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

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

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Canadian Borrower as defined in the preamble hereto.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Applicant Borrower has the meaning specified in Section 2.14.

  • Borrower Notice has the meaning specified in Section 7.12(b)(iv).

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

  • Borrowing Agent means any of the following:

  • Lenders’ Representative means the person duly authorised by the Senior Lenders to act for and on behalf of the Senior Lenders with regard to matters arising out of or in relation to this Agreement, and includes his successors, assigns and substitutes;

  • Initial Borrower has the meaning provided in the preamble hereof.