Borrower Payment definition

Borrower Payment shall have the meaning assigned in Section 8.5(a).

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Borrower Payment has the meaning provided in Section 2.11.

Borrower Payment means the amounts paid or required to be paid, from time to time, for principal and interest by a Borrower to the Authority on such Borrower’s Borrower Bonds, plus the Borrower’s Allocable Proportion of Authority Reserve Fund Interest Expense and the amount, if any, required to pay or to reimburse the Authority for the payment of a Reserve Fund Reimbursement Obligation and/or Credit Facility Reimbursement Obligation attributed to the Borrower, together with interest thereon.

Examples of Borrower Payment in a sentence

The Governmental Lender shall have the continuing and exclusive right to apply or reverse and reapply any and all payments by the Borrower to any portion of the Borrower Payment Obligations.
The provisions of this Section 10.2 shall survive the expiration and termination of this Borrower Loan Agreement and the repayment of the Borrower Payment Obligations.
Without limiting the generality of the foregoing, the Borrower agrees that if an Event of Default is continuing, all Liens and other rights, remedies or privileges provided to the Funding Lender shall remain in full force and effect until they have exhausted all of its remedies, the Security Instrument has been foreclosed, the Project has been sold and/or otherwise realized upon satisfaction of the Borrower Payment Obligations or the Borrower Payment Obligations has been paid in full.
Daily Borrower Payment Funding (EDW_FDR_UE_TRSTDFI_STG) Loan Selection Replication (LTLSL/LTLRP/LTCDD) Daily Buyback ABCPOWNSSN 4.
To the extent permitted by applicable law, nothing contained in any Borrower Loan Document shall be construed as requiring the Funding Lender to resort to any portion of the Project for the satisfaction of any of the Borrower Payment Obligations in preference or priority to any other portion, and the Funding Lender may seek satisfaction out of the entire Project or any part thereof, in its absolute discretion.
Borrower hereby covenants and agrees as follows, which covenants shall remain in effect so long as any Borrower Payment Obligation or other obligation of Borrower under any of the other Borrower Loan Documents or the Funding Loan Documents remains outstanding or unperformed.
PHH shall pay the Borrower Payment Amount by electronic funds transfer, pursuant to written instructions to be provided by the Executive Committee into an account established in accordance with this Paragraph 6, within seven (7) days of receiving notice that the account has been established or within seven (7) days of the Effective Date of this Agreement, whichever is later.
The releases contained in Exhibit C shall become effective upon payment of the Borrower Payment Amount identified in Section IV and the Administrative Penalty identified in Section VI.
The Borrower Payment Amount and any other funds provided to the Settlement Administrator for these purposes shall be administered in accordance with the terms set forth in Exhibit B.
This Borrower Loan Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making by the Governmental Lender of the Borrower Loan and the execution and delivery to the Governmental Lender of the Borrower Note and the assignment of the Borrower Note to the Funding Lender, and shall continue in full force and effect so long as all or any of the Borrower Payment Obligations is unpaid.

More Definitions of Borrower Payment

Borrower Payment has the meaning assigned to such term in Section 12.34.

Borrower Payment shall have the meaning set forth in Section 2.6(b)(i).

Borrower Payment means any money or other consideration distributed (or paid as a dividend or similar payment or as a payment on account of indebtedness or paid as return of capital or as a redemption of any equity interest in Borrower) by Borrower to (or to any Affiliate of) any partner, member, shareholder, principal, or other equity owner of Borrower, or paid as management, asset management, development, or other fees to any of the foregoing;