Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.
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
No proceeding under Creditors Rights Laws with respect to any Borrower Party has been initiated.
Borrower hereby represents and warrants that the only Broker engaged by any Borrower Party in connection with the transactions contemplated by this Agreement is Xxxxxxx Xxxxx.
Xxxxxxxx agrees and acknowledges that a breach of this Section 15.13 by any Borrower Party, or any of their Affiliates or agents, may cause irreparable damage to Lender.
Such fees and compensation, if any, (i) shall be in addition to any fees which may be paid by any Borrower Party to such Broker and (ii) create a potential conflict of interest for Broker in its relationship with the Borrower Parties.
More Definitions of Borrower Party
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) 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 has the meaning set forth in Section 13.03(b).
Borrower Party has the meaning provided in Section 11.1(a).
Borrower Party means each of Borrower and Guarantor.
Borrower Party means (i) 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 and “Borrower Parties” shall mean each of Borrower, any SPE Component Entity, Sponsor and Guarantor.