Borrower Liabilities definition

Borrower Liabilities means the sum of (a) the aggregate outstanding principal balance of the Advances and (b) the Portfolio Exposure Amount.

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Borrower Liabilities means all present and future indebtedness, liabilities and obligations of any and every kind, nature and description (whether direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated) of the Borrower to the Administrative Agent or any Finance Party wherever and however incurred, including the indebtedness of the Borrower to any Finance Party under any Credit Document.

Borrower Liabilities means the sum of (a) the aggregate outstanding principal balance of the Advances plus (b) the Portfolio Exposure Amount. “Borrower LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of the Borrower, dated as of May 8, 2012, as

Examples of Borrower Liabilities in a sentence

• This Section 11.2 is for the third party benefit of the holders, pledgees or other beneficiaries of Other Borrower Liabilities and will survive the termination of this Indenture.

• This Section 9.4 is for the third party benefit of the holders, pledgees or other beneficiaries of Other Borrower Liabilities and will survive the termination of this Agreement.

• In addition, and notwithstanding the forgoing, during the continuance of an Event of Default all outstanding Borrower Liabilities in respect of the Term Loan shall bear interest (payable on demand) at a rate that is two percent (2%) per annum in excess of the Loan Interest Rate applicable to the Term Loan and other Borrower Liabilities from time to time.

• Except where an Event of Default has occurred and is continuing, the application of payments received by Lender pursuant to this Loan Agreement shall be applied first to any and all late charges, fees and expenses then due and payable; second to interest then due and payable hereunder; third to the principal amount of the Term Loan then due and payable, fourth to any other Borrower Liabilities then outstanding and finally, to the remaining Term Loan then outstanding.

• Notwithstanding the foregoing, Borrower may prepay the Borrower Liabilities other than the Term Loan at any time without penalty.

• The undersigned Guarantor consents to the Amendment to which this Reaffirmation of Guaranty is attached and acknowledges and agrees that the undersigned is and shall remain liable for the payment of all of the Borrower Liabilities (as defined in the Guaranty) to the full extent provided in the Guaranty, irrespective of the execution and delivery of this Amendment.

• Permit DFC and its consolidated Subsidiaries (other than its Non-Mortgage Banking Subsidiaries) to incur Total Borrower Liabilities in excess of Aggregate Adjusted Assets.

• Borrower agrees to pay to Lender its reasonable expenses incurred in connection with a semi-annual audit of Borrower, payable in accordance with Section 9.5 below, until the Borrower Liabilities are paid in full, such auditor to be selected by Lender in its sole discretion.

• If the amount of the Original Currency which the Administrative Agent is able to purchase is less than the amount of such currency originally due to it in respect to the relevant Borrower Liabilities, the Guarantor shall indemnify and save the Administrative Agent harmless from and against any loss or damage arising as a result of such deficiency.

• Provided that an “Event of Default” (hereinafter defined) does not exist, the application of payments received by Lender pursuant to this Loan Agreement shall be applied first to any and all late charges, fees and expenses then due and payable; second to interest then due and payable hereunder; third to the principal of the Loans then due and payable, fourth to the remaining Loans then outstanding and finally, to any other Borrower Liabilities then outstanding.

More Definitions of Borrower Liabilities

Borrower Liabilities is defined in Section 7.

Borrower Liabilities means all direct and/or indirect liabilities, Indebtedness and obligations of any kind of Borrower to any Person (other than to the Lender), howsoever created, arising or evidenced, whether now existing or hereafter arising, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, primary or secondary, joint or several, whether existing or arising through discount, overdraft, purchase, direct loan, participation, operation of law, or otherwise, all liabilities, indebtedness and obligations of Borrower to any Person (other than to the Lender) pursuant to any letter of credit, any standby letter of credit, or any other document.

Borrower Liabilities means any obligations or liabilities of each Person within the Serviced Group (whether accrued, absolute, contingent, unasserted, known or unknown or otherwise). “Borrower’s broker” has the meaning assigned to such term in Section 1.03(a)(i) of Schedule 2.02(a) to this Agreement. “Cape Town Convention” means the Convention on International Interests in Mobile Equipment and its Protocol on Matters Specific to Aircraft Equipment, concluded in Cape Town on 16 November 2001. “Credit Agreement” means the Credit Agreement dated as of the Closing Date, among, inter alia, the Borrower and the Administrative Agent, (as may be amended, restated, supplemented or otherwise modified from time to time). “Existing Accounts” has the meaning assigned to such term in Section 6.01(a) of Schedule 2.02

Borrower Liabilities shall have the meaning provided in Section 1 to the Guarantee.

Borrower Liabilities shall have the meaning provided in Section 1 to the Guarantee.