Underlying Borrower definition

Underlying Borrower means, with respect to any Purchased Asset that is a Mortgage Loan, the Mortgagor, and with respect to any Purchased Asset that is a Mezzanine Loan, the Mezzanine Borrower.

Underlying Borrower means, with respect to an Underlying Loan, the issuer(s) or obligor(s) and any guarantor thereof pursuant to the terms of the related Underlying Loan Documents.

Underlying Borrower means the borrower with respect to an Underlying Loan.

Examples of Underlying Borrower in a sentence

• Without limiting any of the foregoing, Borrower shall pay the costs of Code and other searches, Code and other Loan Document recording and filing fees, and applicable taxes and premiums on each mortgagee policy of title insurance delivered to Lender pursuant to this Agreement, to the extent the same are not paid by an Applicable Underlying Borrower.

• There shall be one Underlying Borrower Loans’ Batch for each Loan Agreement.

• The Issuer will at all times or will cause the Underlying Borrowers to preserve, warrant and defend the Trustee's title and right in and to the property included in the Collateral against the claims of all Persons claiming by or through the Issuer or any Underlying Borrower, subject to the Permitted Exceptions.

• For purposes of this paragraph, an assignment, sale, or transfer shall also include the transfer of any stock of the Applicable Underlying Borrower other than to an existing shareholder thereof.

• Stakeholders expressed concerns over the due date of the Shortfall Analysis under part 23 as it becomes due before the Uniform Report is due.Part 26 includes a similarrequirement; however, the shortfall analysis is due 30 days after the Uniform Report is due.

More Definitions of Underlying Borrower

Underlying Borrower means any borrower or other obligor with respect to any Underlying Loan.

Underlying Borrower means the obligor on an Underlying Note and the grantor of the related Underlying Mortgage.

Underlying Borrower each borrower or maker or obligor under any Underlying Financing and each cosigner thereof.

Underlying Borrower means each Person identified as such, or Underlying Borrower Guarantor, in each case, under each Underlying Financing as identified in the applicable Underlying Financing Specification.

Underlying Borrower with respect to a System Loan, those entities which have received loans from Borrower for the purpose of constructing and operating Systems and which are described on the Table under the heading "Underlying Borrowers"; with respect to an Acquisition Loan, CINC, or such entity as may be approved in writing by CoBank in its sole discretion; with respect to the Paging Loan, Paging.

Underlying Borrower means Tramonto Land Holdings, LLC, a Delaware limited liability company, the borrower under the Underlying Loan Documents, or any successor or assignee thereof in accordance with the terms and conditions of the Underlying Loan Agreement and the terms and conditions hereof.

Underlying Borrower means the borrower or obligor, as such term may be defined in the Asset Finance Documents.