Borrower Payments definition

Borrower Payments shall have the meaning specified in Section 2.8(b)(i).

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Borrower Payments shall have the meaning given such term in Section 2.16(a).

Borrower Payments shall also mean and include any Contract Assistance Payments that are applied as credit against the payment obligations of the Borrower under such Financing Agreement. The term “Borrower Payments” shall not include any Administrative Fees or Origination Fees;

Examples of Borrower Payments in a sentence

All notices, requests and demands to or upon the parties to this Agreement shall be in writing and shall be deemed to have been given or made when delivered by hand on a Business Day, or two (2) days after the date when deposited in the mail, postage prepaid by registered or certified mail, return receipt requested, or when sent by overnight courier, on the Business Day next following the day on which the notice is delivered to such overnight courier, addressed as follows: Borrower: Payments Inc.
Draws or Borrower Payments to Pay Purchase Price 30 Section 4.05.
TOGA shall not make any distributions or Affiliate Payments except for Permitted Borrower Payments.
From and after delivery of such a withdrawal notice, the Servicing Fees, Legal Outsourcing Management Fees and Borrower Payments shall be due and payable only pursuant to a Distribution Request duly approved by the Lender in accordance with Section 2.8 of the Credit Agreement, it being hereby agreed that all Legal Outsourcing Management Fees shall then be paid pursuant to Section 2.8 of the Credit Agreement pari passu with all Servicing Fees.
Borrower Payments, etc.; Special Tax Considerations.................................................
The Borrower shall indemnify the Indemnified Persons for the full amount of Taxes and Other Taxes with respect to Borrower Payments paid by such Person, and any liability (including penalties, interest and expenses (including attorney’s fees and expenses)) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted by the relevant Governmental Authority.
Simultaneously with the issuance of the Series 23 Bonds, the Trust will deliver the Prior Bond Instructions directing certain prior trustees to transfer certain excess Borrower Payments to the Master Trustee for deposit in the Revenue Fund held under the Master Trust Agreement.
For purposes of determining the amount that the Servicer shall cause to be deposited in the Collateral Account pursuant to Section 2.8 of the Servicing Agreement, the term “Asset Pool Proceeds” shall be deemed to exclude Borrower Payments, Servicing Fees and Legal Outsourcing Management Fees that Borrower and Servicer are allowed to withhold pursuant to the terms of the Credit Agreement and the Servicing Agreement.
In the event that the amounts paid exceed or fall short of the Borrower Payments actually due and payable pursuant to the Credit Agreement for such preceding Distribution Period, an appropriate adjustment shall be made by disbursements approved in writing by the Lender pursuant to Section 2.8 of the Credit Agreement.
Mandatory Commitment Reductions Repayment Interest Fees Computation of Fees and Interest Payments by the Borrower Payments by the Banks to the Agent, etc.

More Definitions of Borrower Payments

Borrower Payments means all amounts that the Company receives, and not reversed through the ACH System, in connection with the payment of the Loan Obligations, including, without limitation, all payments or prepayments of principal and interest, any late fees and any cash amounts received by the Company upon collection efforts; provided, however, that Borrower Payments shall not include any Unsuccessful Payment Fees received by the Company in respect of such Loan Obligations or any collection fees imposed in connection with collection efforts on a delinquent Loan Obligation by the Company or by a third-party collection agency.

Borrower Payments shall not include any Administrative Fees or Origination Fees;

Borrower Payments means all payments on account of the principal, interest and premium, if any, due on each Loan including without limitation (1) scheduled payments of principal and interest on such Loan, (2) prepayments of principal or interest and any additional amounts payable upon prepayment of such Loan, and (3) any amounts paid or received with respect to such Loan on account of (i) acceleration of the due date of such Loan, (ii) subject to Section 6.4 hereof, the sale or other disposition of such Loan and any collateral securing the same, (iii) the receipt of proceeds of any insurance or guaranty of such Loan, and (iv) the exercise of any right or remedy granted or available under law or the applicable Financing Agreement upon the occurrence of a default thereunder; provided that Borrower Payments related to Prior Loans shall only include amounts actually transferred to the Master Trustee pursuant to Section 6.9 hereof. To the extent provided in the applicable Financing Agreement, the term “Borrower Payments” shall also mean and include any Contract Assistance Payments that are applied as credit against the payment obligations of the Borrower under such Financing Agreement. The term “Borrower Payments” shall not include any Administrative Fees or Origination Fees;

Borrower Payments means all sums due and payable to the Borrower pursuant to Section 2.8(f), (j) and (l). “Legal Outsourcing Management Fees” shall have the meaning designated in the Servicing Amendment.