Borrower 5 definition
Examples of Borrower 5 in a sentence
A "reportable event" (as defined in the Employee Retirement Income Security Act of 1974 as amended) occurs that would permit the Pension Benefit Guaranty Corporation to terminate any employee benefit plan of the Borrower or any affiliate of the Borrower; 5.
Representations, Warranties and Covenants of the Borrower 5 Section 2.03.
RupeeCircle proactively starts communicating with the Borrower 5 days prior to a repayment being due to ensure repayments are made on time.
Except as otherwise previously disclosed to Lender, to the best of Borrower 5 and the Property Owner's knowledge, no hazardous wastes, hazardous substances, toxic chemicals and substances, oil and petroleum products and their by- products, radon, asbestos, pollutants or contaminants ("Hazardous Materials") have been used, located, installed, spilled, treated, released or stored on, under or from the Property in material violation of the Environmental Laws.
If the Borrower 5 CONTINUING OUR LETTER OF FEBRUARY 8, 1996 SHEET NO.
Subject to the terms and conditions of this Agreement, Lender agrees to make term loans to Borrower from time to time from the Closing Date and to, but not including, the Termination Date in an aggregate principal amount not exceeding the Commitment for purposes of financing Borrower 5 acquisition of Equipment.
Borrower shall also maintain insurance relating to Borrower's ownership and use of the Collateral in amounts and of a type that are customary to businesses similar to Borrower 5.
A copy of the Borrower’s Restated Certificate of Incorporation certified by the Secretary of State of Delaware, with any amendments thereto, and a copy of Borrower’s Bylaws, with any amendments thereto, certified by the President or Secretary of Borrower 5.
Borrower's financial statements which have been delivered to Lender fairly and accurately reflect Borrower 5 financial condition as of August 31, 1997; and, since that date there has been no Material Adverse Change.
The General Partner is, and during the entire time that this Agreement remains in force and effect shall be, engaged in no business, trade or activity other than the operation of the Mortgaged Property (for the Primary Intended Use) and the development, ownership and/or operation of any health care facility owned or financed by any Meditrust Entity in the General Partner's capacity as the general partner of the Borrower; 5.