Borrower’s Indebtedness definition

Borrower’s Indebtedness means all present and future indebtedness and liability, direct and indirect, of the Borrower to the Lender arising under and pursuant to this Agreement (including, without limitation, at any point in time the Principal Amount outstanding under the Loan, all unpaid accrued interest thereon and all fees and costs and expenses then payable in connection therewith);

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Borrower’s Indebtedness means the Borrower’s obligations under the Agreement to repay the Unpaid Balance to FFNZ and to perform all of the Borrower’s obligations to FFNZ under the Agreement; and Obligations”

Borrower’s Indebtedness means all principal which may or shall become due and payable to Lender by Borrower p ursuant to the provisions of the End Loan Documents, but only to the extent such indebtedness arises out of an Authorized Claim hereunder. For the avoidance of doubt, for purposes of this Agreement, in no event shall any portion of the Borrower’s Indebtedness include any interest, fees, costs, expenses, recapitalization or restatement of the foregoing, or sums of any nature other than the original principal amount of the End Loan disbursed to the Borrower.

Examples of Borrower’s Indebtedness in a sentence

Pay all Borrower’s Indebtedness when due; pay all taxes and other governmental or regulatory assessments before delinquency or before any penalty attaches thereto, except as may be contested in good faith by the appropriate procedures and for which Borrower shall maintain appropriate reserves; and timely file all required tax returns.
Borrower further agrees that regardless of any investigation made by Lender, all such representations, warranties and covenants will survive the making of the Loan and delivery to Lender of the Related Documents, shall be continuing in nature, and shall remain in full force and effect until such time as Borrower’s Indebtedness shall be paid in full, or until this Agreement shall be terminated in the manner provided above, whichever is the last to occur.
All representations, warranties, and agreements made by Grantor in this Agreement shall survive the execution and delivery of this Agreement, shall be continuing in nature, and shall remain in full force and effect until such time as Borrower’s Indebtedness shall be paid in full.
No action of any of the Lenders permitted hereunder shall in any way affect or impair any such Lenders’ rights or any Borrower’s Indebtedness under this Agreement.
If the date for any payment on the Borrower’s Indebtedness is extended to the next succeeding Business Day by reason of the preceding sentence, the period of such extension will not be included in the computation of the interest payable on such Business Day.
The word “Note” means and includes without limitation Borrower’s promissory note or notes, if any, or any credit agreements or loan agreements, evidencing Borrower’s Indebtedness, as well as any substitute, replacement or refinancing note or notes or credit agreement or loan agreement therefor.
The execution and delivery of each Security Document will not in any way suspend or affect the present or future rights and remedies of the Lender in respect of the Borrower’s Indebtedness, or the other Security Documents.
No action or judgment taken by the Lender in respect of any of the Security Documents or with respect to the Borrower’s Indebtedness will affect the liability of the Borrower hereunder and nothing but the actual payment in full by the Borrower to the Lender of the Borrower’s Indebtedness will discharge the Borrower or any of the Security Documents.
Borrower acknowledges and agrees that all of Borrower’s Indebtedness to Lenders is payable without offset, defense, or counterclaim.
Such representations and warranties will be continuing in nature and will remain true and correct until all of Borrower’s Indebtedness under this Agreement has been paid in full, and Lender’s Commitment to make Advances under this Agreement has been permanently terminated in writing.

More Definitions of Borrower’s Indebtedness

Borrower’s Indebtedness means all payments made, and all costs and expenses (including legal costs on a solicitor and own client basis) incurred, by the Nisga'a Nation: under or in respect of the Nisga'a Nation Guarantee, in remedying any default of the Borrower under this Agreement, the Loan Agreement, the Collateral Mortgage or Additional Security, or in enforcing this Agreement, the Collateral Mortgage or Additional Security;

Borrower’s Indebtedness is used in this guaranty in its most comprehensive sense and includes any and all advances, debts, obligations, and liabilities of borrower heretofore, now, or hereafter made, incurred, or created, whether voluntary or involuntary and however arising whether due or not due, absolute or contingent, liquidated or unliquidated, determined or undetermined, and whether Borrower may be liable individually or jointly with others, or whether recovery upon Borrower's Indebtedness may be or hereafter become barred by any statute of limitations, or whether Borrower's Indebtedness may be or hereafter become otherwise unenforceable.

Borrower’s Indebtedness means all of the Borrower’s unreimbursed obligations to the Bank under this Agreement and under the Letters of Credit, including the payment of principal, interest, costs, fees and expenses as set forth therein.