Senior Borrowers definition

Senior Borrowers means Subsidiary of the Borrower that owns a Mortgaged Property.
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Senior Borrowers shall respectively mean any one or more of the borrowers under the Senior Loan Documents, and the successors, assigns and legal representatives of each, and any and all additional or replacement borrower(s) under any Senior Loan Document. The Senior Borrowers currently include SGRP and most of its subsidiaries (including the Lender).
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Senior Borrowers means, collectively, EH/Transeastern, LLC and TE/TOUSA Senior, LLC.
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Examples of Senior Borrowers in a sentence

  • Hedging PolicyThe Senior Borrowers are subject to a Hedging Policy which is set out at Schedule 5 of the CTA.

  • The Senior Borrowers have entered into and in the future may enter into various interest rate, inflation-linked and currency hedging transactions in conformity with the Hedging Policy.

  • Governing law: Luxembourg Loan Security: Unsecured Junior Borrower: BGP Investment II S.à r.l., LuxembourgSenior Loan Security Land Charges The obligations of the Senior Borrowers under the Senior Finance Documents will be secured by,inter alia, land charges governed by German law over the Properties.

  • Pursuant to the Senior Loan Agreement, the Senior Borrowers are required to ensure that applications for registration of such New Land Charge the creation of which does not require the consent of third parties are made within 3 Business Days after the Closing Date or, in relation to the Existing Land Charges encumbering Properties owned by Minotaurus, the Minotaurus Refinancing Date.

  • The Senior Borrowers shall use reasonable efforts to obtain any third party consent required for the creation of any New Land Charges.

  • See, e.g., Lisa Blomgren Amsler et al., Dispute System Design and Bias in Dispute Resolution, 70 SMU L.

  • In light of the allegations in the CIBC Complaint, on June 12, 2018, Citibank notified Borrower and Parent by letter of certain events of default— namely, the breach of the Senior Loan Agreement by Senior Borrowers, including Servicer, and their resulting insolvency, as evidenced by their inability to pay their debts as they became due—and declared the loan to be immediately due and payable.

  • Moreover, past financial performance should not be considered a reliable indicator of future performance and prospective purchasers of the Notes are cautioned that any such statements are not guarantees of performance and involve risks and uncertainties, many of which are beyond the control of the Issuer and the Senior Borrowers.

  • CIBC alleged that Senior Borrowers defaulted under the Senior Loan Agreement by, among other things, providing borrowing base certificates that contained false information.

  • Such statements appear in a number of places in this Prospectus, including with respect to assumptions on repayment, prepayment and certain other characteristics of the Securitised Loans and reflect significant assumptions and subjective judgments by the Issuer and the Senior Borrowers, that may or may not prove to be correct.


More Definitions of Senior Borrowers

Senior Borrowers means the Original Senior Borrowers and any Additional Borrower once it accedes to this Deed in accordance with the provisions hereof. "SENIOR DISCHARGE DATE" means the date on which all Senior Liabilities (other than the Postponed Senior Liabilities) have been fully paid and discharged to the satisfaction of the Senior Agent (acting reasonably), whether or not as a result of an enforcement.
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Senior Borrowers means, collectively, the “Borrowers” as defined in the Senior Creditor Loan Agreement.
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Related to Senior Borrowers

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

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

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

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

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

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

  • DIP Lender means a lender under the DIP Facility.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

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

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Second Lien Loan Documents means the “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.