Examples of Related Borrowers in a sentence
Related Borrowers Group Name Calculation Underlying Assets with related borrowers are assigned a unique group name.
At Lender’s sole option and election, the lien of this Instrument on the Property and the Documents shall also secure and are hereby cross-collateralized with the liens, security title and security interests of each of those certain mortgages and security agreements and deeds of trusts and security agreements executed by any of the Related Borrowers, for the benefit of Lender, encumbering the Other Properties (collectively, the “Other Mortgages”).
The Instrument also secures the obligations of Borrower and the Related Borrowers to pay the Related Indebtedness as well as the obligation of Borrower and the Related Borrowers to pay the Indebtedness.
Sell, assign, lease or otherwise dispose of (whether in one transaction or in a series of transactions, and whether by asset sale or equity sale, the following facilities owned by the Borrower and the Related Borrowers (the “Related Facilities”), without the prior written consent of the Lender, which consent may be granted or refused in Lender’s sole discretion.
Section 3.28 Future Debt Secured by Interests in Related Borrowers........
The Related Borrower hereby acknowledges that the L/C Credit Extensions for the account of Subsidiaries inures to the benefit of such Related Borrower, and that such Related Borrower's business derives substantial benefits from the businesses of such Subsidiaries.
Counsel and parties are expected to appear remotely via the Zoom platform for the dependency docket.
Those certain other second priority deeds of trust executed by one or more of Related Borrowers, for the benefit of Lender, securing the Other Obligations.
Those certain other deeds of trust executed by one or more of Related Borrowers, for the benefit of Lender, securing the Other Obligations and encumbering the Other Properties.
In general, there’s a lack of data on the topic especially in the Countries belonging to the southern Mediterranean Region.