Borrower Release definition

Borrower Release means the release of any Collateral from the Lien of the applicable Collateral Document at the direction of the Borrower pursuant to Section 6.09(c).
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Borrower Release has the meaning set forth in Section 11.4(F).
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Borrower Release shall have the meaning provided in Section 13.22.
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Examples of Borrower Release in a sentence

  • I will fully cooperate to obtain or provide any necessary documents to confirm the information provided.Signature Date Explanation: U.S. Bank’s Borrower Release of Authorization of Private Information Form When your loan is purchased by U.S. Bank, Housing Finance Authority Division (HFA), acting as Illinois Housing Development Authority’s Loan Servicer, borrowers are notified by U.S. Bank HFA Division for loan payment collection.

  • The U.S. Borrower and the other Loan Parties hereby expressly agree to the Canadian Borrower Release, and the U.S. Borrower hereby expressly assumes, and confirms its obligations for, all of the Obligations of Monarch Corporation in its capacity as Canadian Borrower that existed immediately prior to the Canadian Borrower Release.

  • Borrower Release of Ocwen As consideration, the Borrower hereby releases Ocwen from any and all claims known or unknown that the Borrower has against Ocwen, which in any way arise from or relateto the Note, the Mortgage, the Loan, or the Default.

  • I will fully cooperate to obtain or provide any necessary documents to confirm the information provided.Signature Date ILLINOIS Page 18Explanation: U.S. Bank’s Borrower Release of Authorization ofPrivate Information FormWhen your loan is purchased by U.S. Bank, Housing Finance Authority Division (HFA), acting as Illinois Housing Development Authority’s Loan Servicer, borrowers are notified by U.S. Bank HFA Division for loan payment collection.


More Definitions of Borrower Release

Borrower Release shall have the meaning set forth in Section 2.6.3 hereof.
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Borrower Release has the meaning given that term in Section 12.22(c).
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Borrower Release means the release of any Collateral from the Lien of the applicable Collateral Document at the direction of the Borrower pursuant to Section 8.9(b).
Sample 1

Related to Borrower Release

  • Borrower Related Party As defined in Section 3.33 of this Agreement.

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

  • Borrower Notice has the meaning specified in Section 7.12(b)(iv).

  • Authorized Borrower Representative means a person at the time designated and authorized to act on behalf of the Borrower by a written certificate furnished to the Governmental Lender, the Funding Lender, the Fiscal Agent and the Servicer and containing the specimen signature of such person and signed on behalf of the Borrower by its Borrower Controlling Entity which certificate may designate one or more alternates.

  • Applicant Borrower has the meaning specified in Section 2.14.

  • Designated Borrower Request and Assumption Agreement has the meaning specified in Section 2.14.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • The Borrower has advised the Banks that the Borrower is currently working on a revised business plan which will include, among other things, a request to restructure the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions concerning the proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, a May 19, 2000, letter agreement, a June 1, 2000, letter agreement, a June 9, 2000, letter agreement, a June 16, 2000, letter agreement, a June 29, 2000, letter agreement, a July 21, 2000, letter agreement, an August 11, 2000, letter agreement, and a September 8, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to October 13, 2000 (the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from September 29, 2000, to the Waiver Termination Date, and (iii) amend the due date for the payment of principal, interest and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from September 29, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to amend the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date, provided that:

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • Borrower Agent as defined in Section 4.4.

  • Borrowing Agent means any of the following:

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • Borrower as defined in the preamble hereto.

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • Borrowing Notice is defined in Section 2.8.

  • Notice of Swingline Borrowing shall have the meaning set forth in Section 2.4.

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.