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.