Until Borrower definition

Until Borrower s Debt has been paid in full. The Borrower agrees that any Bank so purchasing a participation from the other Banks pursuant to this Section may exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Bank were a direct creditor of the Borrower in the amount of such participation.
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Until Borrower s authority to do so is terminated by written notice from Associates, which notice Associates may give at any time when Borrower's selling or collection results are not reasonably satisfactory to Associates, or at any time after the occurrence of any Event of Default specified in Section 8.01 herein, Borrower may grant such allowances or other adjustments to account debtors as Borrower may reasonably deem to accord with sound business practice; provided, however, no extension of time for payment shall be granted without Associates' prior written consent. Borrower shall give Associates immediate written notice of the grant of any such allowance or other adjustment.
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Until Borrower s authority to do so is terminated by written notice from Lender (which notice Lender may give at any time), Borrower will at its expense and on Lender's behalf collect as Lender's property and in trust for Lender all amounts payable on Accounts, and shall not commingle such collections with Borrower's own funds. Subject to Lender's rights under the other Loan Documents executed and delivered by Borrower, Borrower shall remit all collections to Lender in kind, duly endorsed, on the same date received as practicable (otherwise on the following business day), and Lender shall credit the same to Borrower's account (subject to Lender's cutoff requirements and final collection thereof) after allowing two business days for collection thereof.
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Examples of Until Borrower in a sentence

  • Until Borrower gives notice to the Funding Agent (who shall promptly forward such notice to the applicable Co-Agent) of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Committed Lenders in its Conduit Group by the applicable Conduit pursuant to its Liquidity Agreement shall be the Adjusted Federal Funds Rate or Alternate Base Rate (unless the Default Rate is then applicable).

  • Until Borrower gives notice to the Agent of another Interest Rate, the initial Interest Rate for any Loan transferred to the Liquidity Banks pursuant to the Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable).

  • Until Borrower notifies the Bank of updated information, the Bank can send statements, notices, and other communications to the name and address in the Bank’s records, and they will be deemed effectively delivered for all purposes.

  • Until Borrower gives notice to the Agent of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Liquidity Banks by Blue Ridge pursuant to the Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable).

  • Until Borrower and the Administrative Agent have received such forms and indicating that payments under this Agreement are subject to an exemption from or reduction of United States withholding tax, Borrower or the Administrative Agent (if not withheld by Borrower) shall withhold taxes from such payments at the applicable statutory rate, without any obligation to “gross-up” or make the Administrative Agent, such Lender or Issuing Bank whole under clause (a) of this Section.

  • Until Borrower gives notice to the applicable Co-Agent of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Committed Lenders in its Conduit Group by the applicable Conduit pursuant to its Liquidity Agreement shall be the Adjusted Federal Funds Rate (unless the Default Rate is then applicable).

  • Until Borrower gives notice to the applicable Co-Agent of another Interest Rate Option in accordance with Section 4.3, the initial Interest Rate Option for any Loan transferred to the Committed Lenders in its Lender Group by the applicable Conduit pursuant to its Liquidity Agreement shall be the Adjusted Federal Funds Rate Option (unless the Default Rate is then applicable).

  • Until Borrower gives notice to the applicable Co-Agent of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Liquidity Banks by the applicable Conduit pursuant to the applicable Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable).

  • Until Borrower gives notice of another Interest Rate, the initial Interest Rate for any Loan transferred by a Conduit to the Committed Lenders in its Conduit Group pursuant to its Liquidity Agreement shall be the Adjusted Federal Funds Rate (unless the Default Rate is then applicable).

  • Until Borrower is duly notified of a successor Agent, all payments and notices provided to Agent shall be deemed duly made and given under this Agreement.


More Definitions of Until Borrower

Until Borrower s authority to do so is curtailed upon alleging the occurrence of an Event of Default or terminated at any time by FINOVA in its sole and absolute discretion, Borrower shall (at Borrower's expense) collect on FINOVA's behalf as FINOVA's property and in trust for FINOVA, and deliver to FINOVA in their original form on the same date as the date of the actual receipt thereof, all checks, drafts, notes, acceptances, cash, wire transfers and any other evidences of payment, applicable to any assigned Account ("Collection"). Five (5) working days shall be allowed subsequent to receipt by FINOVA of all collections to permit bank clearance and Collection.
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Until Borrower s authority to do so is terminated by written notice from CitiCapital, which notice CitiCapital may give at any time when Borrower's selling or collection results are not reasonably satisfactory to CitiCapital, or at any time after the occurrence of any Event of Default specified in Section 8.01 herein, Borrower may grant such allowances or other adjustments to account debtors as Borrower may reasonably deem to accord with sound business practice; provided, however, no extension of time for payment shall be granted without CitiCapital's prior written consent. Borrower shall give CitiCapital immediate written notice of the grant of any such allowance or other adjustment.
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Until Borrower makes the required payment with respect to any Note referenced in (1) above, or notifies Lender of its Additional Interest Compensation election with respect to any Note referenced in (2) above at least 90 days prior to the end of the term of the first such Note, all Borrower's Obligations, including payment of the monthly payment amount, shall continue in full force and effect, on a month-to-month basis.
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Related to Until Borrower

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

  • Borrower as defined in the preamble hereto.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

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

  • New Borrower means a Series Borrower acting on behalf of and for the account of a New Fund, and (vii) “Amendment Borrowers” means each Continuing Borrower and each New Borrower.