Borrower Party definition

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

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Borrower Party means any one of them.

Borrower Party shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

Examples of Borrower Party in a sentence

Neither Borrower nor any other Borrower Party is a party to any agreement or instrument or subject to any court order, injunction, permit, or restriction which might materially adversely affect the Property or the business, operations, or condition (financial or otherwise) of Borrower or any other Borrower Party.
Borrower and each other Borrower Party is in compliance with all Federal Trade Embargoes in all material respects.
No Borrower Party or any of their direct or indirect equity holders shall (i) knowingly conduct any business, or engage in any transaction or dealing, with any Embargoed Person, including the making or receiving of any contribution of funds, goods, or services, to or for the benefit of an Embargoed Person, or (ii) knowingly engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any Federal Trade Embargo.
No Borrower Party shall knowingly deal with any Person identified on the OFAC List.
Neither Borrower nor any Borrower Party, nor, to ▇▇▇▇▇▇▇▇’s knowledge, any other person, has used, generated, manufactured, stored or disposed of on, under or about the Property or transported to or from the Property any Hazardous Materials.

More Definitions of Borrower Party

Borrower Party means (i) prior to the occurrence of the Lead Securitization, either (a) the Borrower, the Mortgagor or the manager of the Mortgaged Property or any Affiliate of any of the foregoing or (b) a holder or beneficial owner of any Accelerated Mezzanine Loan or any Affiliate of any of the foregoing, and (ii) following the occurrence of the Lead Securitization, shall have the meaning assigned to the term “Borrower Restricted Party” or “Borrower Party”, as applicable, in the Lead Securitization Servicing Agreement.

Borrower Party. Either (i) a borrower under a Mortgage Loan or Loan Combination, a Mortgagor or a manager of a related Mortgaged Property or any Affiliate of any of the foregoing or (ii) a holder or beneficial owner (or an Affiliate of any holder or beneficial owner) of any Accelerated Mezzanine Loan.

Borrower Party means (i) a Mortgage Loan Borrower, manager of a Mortgaged Property or an Affiliate thereof, or (ii) a holder or beneficial owner of (or an Affiliate of any holder or beneficial owner of) a mezzanine loan, secured by a pledge of the direct (or indirect) equity interests in the borrower under that mortgage loan or loan combination, if such mezzanine loan either (a) has been accelerated or (b) is the subject of foreclosure proceedings against the equity collateral pledged to secure that mezzanine loan. Solely for the purposes of the definition of “Borrower Party”, the term “Affiliate” means, with respect to any specified person, (i) any other person controlling or controlled by or under common control with such specified person or (ii) any other person that owns, directly or indirectly, 25% or more of the beneficial interests in such specified person.

Borrower Party has the meaning set forth in Section 14.03(b).

Borrower Party has the meaning provided in Section 11.1(a).

Borrower Party means each of Borrower and Guarantor.

Borrower Party means (i) for so long as no Note is included in a Securitization, a Mortgage Loan Borrower, a mortgagor, a manager of a Mortgaged Property, an Accelerated Mezzanine Loan Lender or a Borrower Affiliate of any of the foregoing, and (ii) for so long as any Note is included in a Securitization, the meaning assigned to the term “Borrower Restricted Party”, “Borrower Party” or analogous term, as applicable, in the Lead Securitization Servicing Agreement.