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

  • Only a few studies analyse the effect on alternative performance outcomes that are not subject to the incentive introduced (Asch, 1990; Al-Ubaydli et al., 2008).

  • There are no material defaults under the Purchase/Option Agreements and Senior Permitted Encumbrances by Senior Borrowers or their Subsidiary Entities, or to the Borrower’s Knowledge any other Person, and to the Borrower’s Knowledge there are no conditions that, with the passage of time or the giving of notice, or both, would constitute material defaults thereunder.

  • All construction and other obligations of a material nature to be performed by the Senior Borrowers and the Operating Company Entities under the Purchase/Option Agreements, and other Senior Permitted Encumbrances either have been satisfied or are reasonably capable of being satisfied without undue expense in accordance with the provisions of the subject Purchase/Option Agreement, or Permitted Encumbrance.

  • All transfer taxes, deed stamps, intangible taxes or other amounts in the nature of transfer taxes required to be paid by any Person with respect to the transfer of the Individual Properties to their respective Individual Senior Borrowers under applicable Legal Requirements have been paid (or will be paid at or prior to the Closing Date).

  • Subject to the right of Borrower and the Senior Borrowers to pursue a Good Faith Contest, the Administrative Agent, on behalf of the Borrower, may pay, but shall not be obligated to pay, any delinquent Impositions and Other Charges which are attributable to or affect the Mortgaged Property, the Borrower or Senior Borrowers directly to the applicable taxing authority with respect thereto, and the Borrower agrees to reimburse the Administrative Agent for such payments promptly on demand.

  • Borrower shall continue to engage in the ownership of the indirect limited liability company interests and limited partnership interests in the Individual Senior Borrowers, as applicable, and Senior Borrower shall, taking into account the transactions contemplated to be effectuated in connection with the Distribution, continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Properties.

  • Subsequent to this, the portfolio will be limited as follows:▪ Combined end value of developments in progress not to exceed 50% of Fund GAV (following 3 year fund stabilisation period);▪ No more than 20% of the Fund GAV in projects that are not DA approved; andValue of land held for development is not to exceed 10% of the Fund’s stabilised GAVUnit PricingMonthlyApplicationsContact Barwon Investment Partners for a copy of the IM.

  • There has been no prior sale, transfer or assignment, hypothecation or pledge by the Senior Borrowers or any Operating Company Entity of any Purchase/Option Agreement or of any Rents payable pursuant thereto, which will be outstanding following the funding of the Loan, other than those being assigned to the Administrative Agent concurrently herewith.

  • Unless previously repaid, the Loan will be required to be repaid by the Senior Borrowers in full on the Loan Maturity Date.

  • The government did not effectively enforce laws related to the minimum wage.


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 means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • 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 the holders of Subordinated Debt.

  • 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” (or any comparable term) as defined in 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 the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

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

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Bank Lenders means the banks and financial institutions 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 (subject to Liens for “ABL” revolvers and customary encumbrances) 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 this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • 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.