Adjacent Borrower definition

Adjacent Borrower means HRHH Development, LLC, a Delaware limited liability company, together with its successors and assigns.
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Adjacent Borrower shall have the meaning set forth in the introductory paragraph hereto, together with its successors and assigns.
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Examples of Adjacent Borrower in a sentence

  • Notwithstanding the foregoing, Adjacent Borrower shall cause Sub-Manager to deposit all amounts received by Sub-Manager constituting Rents (but excluding security deposits unless and until applied in accordance with the terms of the applicable Lease) or any other Gross Income from Operations from the Adjacent Property into the Lockbox Account within five (5) Business Days after receipt.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $177,956,341.32.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $88,978,170.66.

  • As a result of the application of the Mezzanine Prepayments to the partial prepayment of the Original Acquisition Loan on November 6, 2007, and the partial prepayment made with the Release Parcel Release Price in connection with the sale of certain property by Adjacent Borrower, the Original Acquisition Loan is now in the reduced amount of $364,810,499.71 (the “Reduced Acquisition Loan”).

  • As a result of the partial prepayment of the Construction Loan made in connection with the sale of certain property by Adjacent Borrower and accounting for advances of the Construction Loan to date, the Construction Loan Outstanding Principal Balance is $467,443,347.38.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $57,835,810.93.