Successor Borrower definition

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

Successor Borrower shall have the meaning provided in Section 10.3(a).

Successor Borrower has the meaning specified in Section 7.04(d).

Examples of Successor Borrower in a sentence

• Such Successor Borrower shall assume the obligations under the Note and the Security Agreement and Borrower shall be relieved of its obligations under such documents.

• Borrower shall pay a minimum of $1,000 to any such Successor Borrower as consideration for assuming the obligations under the Note and the Security Agreement.

• Borrower shall pay $1,000 to any such Successor Borrower as consideration for assuming the obligations under the Note and the Security Agreement.

• The Successor Borrower shall be the owner of the Defeasance Collateral Account and shall report all income accrued on Defeasance Collateral for federal, state and local income tax purposes in its income tax return.

• Any such Successor Borrower may, at Borrower’s option, be an Affiliate of Borrower unless the Rating Agencies shall require otherwise.

More Definitions of Successor Borrower

Successor Borrower shall have the meaning set forth in Section 2.5.3 hereof.

Successor Borrower is defined in Section 11.12(b).

Successor Borrower as defined in Subsection 8.7(a)(i).

Successor Borrower shall have the meaning set forth in Section 2.5.4.

Successor Borrower as defined in Section 8.6.

Successor Borrower has the meaning specified in Section 8.9(a).

Successor Borrower has the meaning set forth in Section 6.4(b).