Borrower Partners definition

Borrower Partners means, at any time, each person which is a partner of the Borrower from time to time pursuant to and in accordance with the terms of the partnership agreement in respect of the Borrower.
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Borrower Partners has the meaning specified in Section 11.02(b).
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Borrower Partners collectively, the General Partner and the Limited Partner.
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Examples of Borrower Partners in a sentence

  • Recourse against the Borrower, Partners, Shareholders and their respective Affiliates, stockholders, officers, directors and employees under this Agreement shall be limited to the extent provided in Article 9 of the Credit Agreement.

  • The Obligations of the Borrower Partners are limited to those specifically stated in the Security Documents to which each such Borrower Partner is a party and the Borrower Partners have no direct obligation with respect to the payment of the Loans and the LC Borrowings.

  • By its execution hereof , Guarantor hereby (i) acknowledges and consents to the terms and provisions hereof; (ii) specifically acknowledges that the Limitation of Liability of Oly Lower Tier Borrower Partners shall in no manner limit or modify the Guaranteed Obligations of Guarantor under the Guaranty or the obligations of Stratus 7000 West, Ltd.

  • Such account shall be deemed correct, accurate and binding on each Borrower Partners for Growth Loan and Security Agreement and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by PFG), unless a Borrower notifies PFG in writing to the contrary within 60 days after such account is rendered, describing the nature of any alleged errors or omissions.

  • The Financing Documents contain the complete agreement among Borrower, the Borrower Partners, the LC Fronting Bank, the Lenders and the Agents with respect to the matters contained therein and supersede all prior commitments, agreements and understandings, whether written or oral, with respect to the matters contained therein.

  • It will not, and will not permit Borrower Partners or any Affiliate to, deposit funds into any account other than the accounts described in the preceding sentence.

  • Borrower shall use the proceeds of the Loan to (a) repay the existing mortgage loan encumbering the Property, (b) pay all past-due Basic Carrying Costs, if any, in respect of the Property, (c) pay costs and expenses incurred in connection with the closing of the Loan, and (d) distribute the balance, if any, to Borrower Partners.

  • It will not, and will not permit the Borrower Partners or any Affiliate to, deposit funds into any account other than the accounts described in the preceding sentence.

  • It will not cause, or allow, a Change in Control to occur with respect to Borrower, the Borrower Partners or the Operator.

  • The Borrower, Partners, each Vessel, and the operation of each Vessel as contemplated in the Charter, are exempt from regulation under the federal Interstate Commerce Act and the rules and regulations promulgated thereunder.


More Definitions of Borrower Partners

Borrower Partners appearing in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:
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Borrower Partners means, at any time, each person which is a holder of the Equity Interests of the Borrower from time to time.
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Borrower Partners shall have the meaning set forth in Section 9.4 hereof.
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Related to Borrower Partners

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • GP means Gottbetter & Partners, LLP.

  • Partnership Group Member means any member of the Partnership Group.

  • General Partners means all such Persons.

  • Operating Partnership has the meaning set forth in the preamble.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Credit Parties means the Borrower and the Guarantors.

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

  • General Partner has the meaning set forth in the Preamble.

  • Borrower as defined in the preamble hereto.

  • Holdings as defined in the preamble hereto.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.

  • Business Partner means a legal entity that requires use of a training service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.