Substitute Borrower definition

Substitute Borrower shall have the meaning set forth in Section 9.1(a)(iii).
Sample 1Sample 2
Substitute Borrower has the meaning given to that term in Section 5.4 of this Agreement.
Sample 1
Substitute Borrower. 2.3 "Substitute Mortgage" - 2.3 "Substitute Property" - 2.3 "Substitution" - 2.3 "Substitution Date" - 2.3 "Successor Borrower" - 2.4.4 "Tax and Insurance Escrow Fund": - 4.3 "Tax and Insurance Account" - 4.1.3 "Total Defeasance"-2.4.1 "Transfer" - 7.7 "UBS Group" - 10.1.3 "Undefeased Note" - 2.4.2 "Underwriter Group" - 10.1.3 "Underwriters" - 10.1.3 "Voluntary Prepayment" - 3.2.1 "XXXX" - 7.7 "WEA" - 7.7 "Westfield" - 7.7 "Year 2000" - 6.18
Sample 1

Examples of Substitute Borrower in a sentence

  • However, it may not submit a Request or become a Substitute Borrower under Clause 9.5(b) (Changes to Borrowers) until the Agent confirms to the other Finance Parties and the Parent that it has received all the documents referred to in paragraph (a) above.

  • The Parent acknowledges and confirms that its obligations under Clause 17 of the Credit Agreement apply to the obligations and liabilities assumed by the Substitute Borrower hereunder.

  • Upon the closing of the substitution of any Property, all references herein to the term “Borrowers” or the term “Borrower” shall be deemed to include the Qualified Substitute Borrower and to exclude the Borrower owning the Substituted Property except to the extent of any obligation of such Borrower to indemnify and hold harmless Lender pursuant to the provisions of this Agreement that are expressly stated to survive a release of any Property or repayment of the Debt.

  • The Parent on behalf of itself and each other Obligor acknowledges and confirms that its obligations as Guarantor under Clause 14 of the Facility Agreement apply to the obligations and liabilities assumed by the Substitute Borrower hereunder.

  • I [Plaintiff] receive a fully executed copy of a Modification agreement.

  • The Parent on behalf of itself and each other Guarantor acknowledges and confirms that the Guarantors' obligations under Clause 14 of the Credit Agreement apply to the obligations and liabilities assumed by the Substitute Borrower hereunder.

  • The Substitute Borrower shall execute and deliver a Joinder Acknowledgment and Substitution Loan shall constitute a Loan hereunder.

  • Notwithstanding the foregoing, at Lender’s election, the foregoing may be affected by the Substitute Borrower assuming the Replaced Loan (in which event the Replaced Loan shall constitute a Substitution Loan) and the contemporaneous release of the applicable Borrower (the “Replaced Borrower”) from its obligations in respect of the Replaced Loan.

  • The Substitute Borrower represents and warrants to the Facility Agent and the Lenders on [ ] in the terms of the representations and warranties contained in clause 10.2 of the Revolving Facility Agreement (with reference to the facts and circumstances subsisting as at such date).

  • The Substitute Borrower represents and warrants that it shall operate the Project in accordance with the provisions of the LURA and agrees to xxxde by and be bound by all the terms of the LURA, all as thougx xxe LURA had been made, xxecuted and delivered by the Substitute Borrower.


More Definitions of Substitute Borrower

Substitute Borrower means a wholly and directly or indirectly owned Subsidiary of the Guarantor incorporated or formed in an Approved Jurisdiction which accedes to this Agreement by way of an Accession Deed in accordance with Clause 2.2 (Substitution of Ships).
Sample 1
Substitute Borrower means any Additional Borrower to which all or any part of the rights and obligations of the Company as a Borrower under this Agreement are transferred by novation pursuant to Clause 29.9 (Substitute Borrower).
Sample 1
Substitute Borrower has the meaning specified in Section 2.18(a).
Sample 1
Substitute Borrower has the meaning set forth in Section 11.3.
Sample 1

Related to Substitute Borrower

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Substitute Loan As defined in Section 2.2.

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

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Successor Borrower has the meaning assigned to such term in Section 6.07(a).

  • Approved Lender is defined in Section 12.1.

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

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • 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.

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Original Borrower shall have the meaning set forth in the recitals hereto.

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

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Borrower as defined in the preamble hereto.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • 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;

  • means Borrower s forecasted consolidated and consolidating:

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • 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.