Examples of Senior Lender in a sentence

Borrower covenants and agrees that it shall not incur any debt, secured or unsecured, direct or contingent (including guaranteeing any obligation), other than the (a) AHIF Loan, (b) Senior Lender Loan, and (c) advances or trade debt or accrued expenses incurred in the ordinary course of business of operating the Property.
Xxxxxxxx’s obligation to repay the AHIF Loan, as evidenced by the Amended and Restated AHIF Note, is secured by the Amended and Restated AHIF Deed of Trust which is recorded as a lien against the Property, junior in lien priority only to the deed of trust securing the Senior Lender Loan.
Other than the liens or encumbrances related to the Senior Lender Loan, there shall be filed any claim of lien against the Property of any part thereof, or any interest or right made appurtenant thereto, and the continued maintenance of said claim of lien or notice to withhold for a period of twenty (20) days without discharge, bonding or satisfaction thereof or provision therefor satisfactory to the County Board.
Except for security interests granted pursuant to (a) the Senior Loan, which Lender has consented to and regarding which Lender and Senior Lender have entered into a subordination agreement, and (b) the City Loan, which ranks pari passu with the Loan, Grantor shall not place any additional encumbrances or deeds of trusts on the Property without the prior written consent of Lender.

More Definitions of Senior Lender

Senior Lender means the Entity named as such in the first paragraph on page 1 of this Agreement, its successors and assigns.

Senior Lender has the meaning set forth in Section 8 of the Schedule.

Senior Lender means any holder of Senior Indebtedness.

Senior Lender means each “Lender” party to the Credit Agreement from time to time.

Senior Lender means Texas Commerce Bank, N.A.

Senior Lender means the financial institutions, funds and banks who have advanced or agreed to advance term loan to the Concessionaire under any of the Financing Documents for meeting all or part of the Total Project Cost.