Borrower Funds definition

Borrower Funds means all amounts expended or to be expended by Borrower or any Borrower Related Party with respect to the Project and/or the Property that are not Advances, including, without limitation, the Required Equity Funds.
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Borrower Funds means any amounts invested in or paid to the Borrower by the Guarantor by way of equity or fully subordinated debt and credited to the Proceeds Account;
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Borrower Funds has the meaning assigned to that term in Section 2.8(a)(i).
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Examples of Borrower Funds in a sentence

  • If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may require.Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower Funds held by Lender.

  • General Information on Acceptable Sources of Borrower Funds, Continued 4155.1 5.B.1.bAcceptable Sources of Borrower FundsThe table below lists the acceptable sources of borrower funds and a reference for locating additional information on each source.

  • On the Closing Date, all of the proceeds of the Bonds in the amount of $[10,750,000] shall be delivered to the Trustee and allocated and deposited to the Project Fund.(b) Allocation of Borrower Funds.

  • General Information on Acceptable Sources of Borrower Funds, Continued 4155.1 5.B.1.bAcceptable Sources of Borrower FundsThe table below lists the acceptable sources of borrower funds and a reference for locating additional information on the various types of funds.

  • FUNDS 6.073.748-6.073.7485.1 Borrower Funds ---5.2 Other 6.073.748-6.073.748VI.

  • F.8 Copies to Borrower F.9 Source of Borrower Funds F.10 Document Completion F.11 Document Signing G DISBURSEMENT CONDITIONS…………………………….

  • Concerns included functional challenges based on design or operational complications, facility and maintenance related to the age of the building and delayed maintenance, and health and safety related to air quality and asbestos.The operational or structural concerns that were found to need immediate attention were sanitary sewer back-up and roof leaks.

  • Upon the date that is ninety (90) days following the date of initial execution and delivery of this Indenture, the Trustee shall transfer all amounts remaining in the Costs of Issuance Fund to the Bondowner Representative for deposit into the Borrower Funds Account held under the Loan Agreement.

  • Refer to Freddie Mac’s Single Family Seller/Servicer Guide Section 4501.10 for definitions and requirements for use of Borrower Personal Funds including Cash on hand, Other Borrower Funds and Flexible Sources of Funds.

  • BORROWER FUNDS 2.40830.12132.5295.1 Borrower Funds 2.40830.12132.5295.2 Other ---VI.

Related to Borrower Funds

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Borrower as defined in the preamble hereto.

  • 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;

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.

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

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • The Borrower has advised the Banks that the Borrower is currently working on a revised business plan which will include, among other things, a request to restructure the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions concerning the proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, a May 19, 2000, letter agreement, a June 1, 2000, letter agreement, a June 9, 2000, letter agreement, a June 16, 2000, letter agreement, a June 29, 2000, letter agreement, a July 21, 2000, letter agreement, an August 11, 2000, letter agreement, and a September 8, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to October 13, 2000 (the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from September 29, 2000, to the Waiver Termination Date, and (iii) amend the due date for the payment of principal, interest and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from September 29, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to amend the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date, provided that:

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Canadian Borrower as defined in the preamble hereto.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

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

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

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

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.