Borrower Obligor definition

Borrower Obligor has the meaning specified in Section 2.01(a).
View Source
Borrower Obligor has the meaning specified in Section 2.01(a). “Discharge of Finance Obligations” has the meaning specified in Section 2.04. “Fraudulent Transfer Laws” has the meaning specified in Section 2.01(c). “Guaranteed Obligations” has the meaning specified in Section 2.01(a). “Insolvency or Liquidation Proceeding” has the meaning specified in Section 2.01(a).
View Source
Borrower Obligor each Borrower, Guarantor, or other Person that is liable for payment of any Obligations or that has granted a Lien in favor of Agent on its assets to secure any Borrower Obligations. Borrower Obligations: all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and other obligations of Obligors with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Obligors under Borrower Documents, (d) obligations of Obligors under any indemnity for Claims, (e) Extraordinary Expenses, (f) Bank Product Debt, and (g) other Debts, obligations and liabilities of any kind owing by Obligors pursuant to the Borrower Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several. Business Day: any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, North Carolina, California and Oregon. Cash Collateral: cash, and any interest or other income earned thereon, that is delivered to Agent to Cash Collateralize any Secured Obligations.
View Source

Examples of Borrower Obligor in a sentence

  • To the extent that the Initial Member requests information which is dependent upon obtaining such information from a Borrower, Obligor or other third party, the Manager shall cause to be made commercially reasonable efforts to obtain such information but it shall not be a breach by the Manager of this Agreement if the Manager fails to cause such information to be provided to Initial Member because a Borrower, Obligor or other Person has failed to provide such information after such efforts have been made.

  • Lender may, at any time or times, proceed directly against any Borrower (or any group of Borrowers) or any Obligor to collect the Obligations without prior recourse to the Collateral and without prejudice, waiver or impairment of any other rights and remedies against, or with respect to, another Borrower Obligor or other Person.

  • Each Borrower, Obligor and other Subsidiary of Parent shall take prompt and appropriate action to respond to any non-compliance with any of the Environmental Laws and shall regularly report to Agent on such response.

  • To the extent that any Beneficiary requests information which is dependent upon obtaining such information from a Borrower, Obligor or other third party, the Manager must cause to be made commercially reasonable efforts to obtain such information but it will not be a breach by the Manager of this Agreement if the Manager fails to cause such information to be provided to such Beneficiary because a Borrower, Obligor or other Person has failed to provide such information after such efforts have been made.

  • If any representation or warranty made herein or if any information contained in any financial statement, application, schedule, report or any other document given by Borrower, Obligor or by any person in connection with the Obligations, with the Collateral, or with any of the Loan Documents is not in all material respects true and accurate or if Borrower, Obligor or such other person omitted to state any material fact or any fact necessary to make such information not misleading.

  • Except as set forth on Schedule 9.1.5, during the five years preceding the Closing Date, except as shown on Schedule 9.1.5, no Borrower, Obligor or Subsidiary has been known as or used any corporate, fictitious or trade names, has been the surviving corporation of a merger or combination, or has acquired any substantial part of the assets of any Person.

  • Borrower further recognizes and agrees that this waiver creates an irrebuttable presumption that the foreclosure sale price is equal to the fair market value of the Property for purposes of calculating deficiencies owed by Borrower, Obligor and others against whom recovery of a deficiency is sought.

  • Each Borrower, Obligor and other Subsidiary of Parent (other than Inactive Subsidiaries) shall at all times maintain in full force and effect all Permits, licenses, trademarks, tradenames, approvals, authorizations, leases and contracts necessary to carry on the business as presently or proposed to be conducted where the failure to so maintain the same would have a reasonable likelihood of having a Material Adverse Effect.

  • Borrower, Obligor and Lender agree that upon the parties execution of this Agreement and the fulfillment by Borrower and Obligor of the conditions precedent to the effectiveness of this Agreement set forth in Section 8 hereof, the indebtedness evidenced by the Final Judgment shall be reduced to $4,700,000 (the "Restructured Loan").

  • Except as set forth on Schedule 9.1.5, during the five years preceding the Eighteenth Amendment Date, except as shown on Schedule 9.1.5, no Borrower, Obligor or Subsidiary has been known as or used any corporate, fictitious or trade names, has been the surviving corporation of a merger or combination, or has acquired any substantial part of the assets of any Person.