Borrower or Borrowers definition

Borrower or Borrowers means the person or persons that are obligated as borrowers under the Loan Documents.

Borrower or Borrowers as defined in the preamble hereto.

Borrower or Borrowers has the meaning set forth in the first paragraph of this Agreement.

Examples of Borrower or Borrowers in a sentence

• Nothing contained in this Agreement, nor any act of OCII, may be interpreted or construed as creating the relationship of third party beneficiary, limited or general partnership, joint venture, employer and employee, or principal and agent between OCII and Borrower or Borrower's agents, employees or contractors.

• The Borrower, or Borrower's management agent, shall promptly deposit all Operating Income in a segregated account established in the Borrower's name exclusively for the Development and insured by an agency of the federal government or other comparable federal insurance program.

• Broker does not know of any circumstances or conditions with respect to the Mortgaged Property, Borrower or Borrower's credit standing that could be reasonably expected to cause Lender not to make the Loan; cause private institutional investors or an Investor to regard the Loan as an unacceptable investment; cause the Loan to become delinquent; or adversely affect the value or marketability of the Loan.

• Extension of the time for payment, or modification of amortization of the sums secured by this Security Instrument, granted by Lender to any successor xx xxxerest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in xxxxxxxt.

• If Borrower or Borrower's general partner, if Borrower is a partnership, or Borrower's managing member, if Borrower is a limited liability company, voluntarily suspends its business or, if Borrower is a partnership, the partnership is dissolved or terminated, other than a technical termination of the partnership for tax purposes.

More Definitions of Borrower or Borrowers

Borrower or Borrowers means, individually or collectively as the context may require, each Initial Borrower and each New Borrower that executes a Joinder Agreement and thereby becomes a Borrower hereunder pursuant to the provisions of Section 7.21.

Borrower or Borrowers means, individually or collectively, The Sports Club Company, Inc., The Spectrum Club Company, Inc., Pontxxx Xxxlty, Inc., Sports Club, Inc. of California, Irvine Sports Club, Inc., The SportsMed Company, Inc., L.A./Irvine Sports Clubs, Ltd., Talla New York, Inc., SCC Sports Club, Inc., Green Valley Spectrum Club, Inc., Spectrum Club Anaheim and any subsequent Person who becomes a Borrower pursuant to the terms hereof.

Borrower or Borrowers means each Original Borrower and Diodes BV.

Borrower or Borrowers means any Person, whose Application Form has been processed according to the prescribed Eligibility Criteria and to whom the Loan has been sanctioned and/or disbursed by the Lender. The expressions namely "Borrower/s" or "Borrower" or “Borrowers”, shall mean to include his/her/its/their heirs, executors, administrators and legal representatives respectively

Borrower or Borrowers means, individually or collectively, The Sports Club Company, Inc.; The Spectrum Club Company, Inc.; Pontxxx Realty, Inc.; The SportsMed Company, Inc.; LA/Irvine Sports Clubs, Ltd.; Talla New York, Inc.; SCC Sports Club, Inc.; Spectrum Liquidating Corp.; Canoga Agoura Spectrum Club, Inc.; Irvine Sports Club, Inc.; Green Valley Spectrum Club, Inc.; The Sports Club, Inc. of California; TVE, Inc.; Spectrum Club Anaheim, a California Corporation; SF Sports Club, Inc.; Washington D.C. Sports Club, Inc.; HFA Services, Inc.; and NY Sports Club, Inc. and any subsequent Person who becomes a Borrower pursuant to the terms hereof.

Borrower or Borrowers. : means Primary Borrower, together with each Subsidiary Borrower, as the same exist from time to time, and subject to the restrictions on assignment and transfer contained in this Agreement, the successors and assigns of each such Person.

Borrower or Borrowers means Primary Borrower, together with each --------------------- Subsidiary Borrower, as the same exist from time to time, and subject to the restrictions on assignment and transfer contained in this Agreement, the successors and assigns of each such Person.