Borrower's Loan Accounts definition

Borrower's Loan Accounts means the accounts respectively on the books of the Banks in which will be recorded Loans made by the Banks to the Borrower, payments made on such Loans and other appropriate debits and credits as provided by this Loan Agreement.
Sample 1Sample 2Sample 3
Borrower's Loan Accounts means the accounts on the books of Lender in which Lender will record Advances to or on behalf of Borrower pursuant to the Facility 2 and the Facility 1, payments received on such Advances, and other appropriate debits and credits as provided by this Agreement or any of the other Loan Documents. Separate Borrower's Loan Accounts shall be maintained for the Facility 2 and the Facility 1.
Sample 1
Borrower's Loan Accounts means the accounts respec-tively on the books of the Banks in which will be recorded Loans -made by the Banks to the Borrower, payments made on such Loans and other appropriate debits and credits as provided by this Loan Agreement.
Sample 1

Examples of Borrower's Loan Accounts in a sentence

  • The Borrowers hereby authorize the Agent and the Lenders to debit the Borrowers' Loan Accounts (by increasing the principal amount of the Revolving Credit Loan) in the amount of any such costs and expenses owed by the Borrowers when due.

  • Each Borrower hereby authorizes the Agent and the Lenders to debit such Borrower's Loan Accounts (by increasing the principal amount of the Revolving Credit Loans) in the amount of any such costs and expenses owed by the Borrowers and other Obligors when due.

  • Any interest not paid when due shall be compounded by being charged to Borrowers' Loan Accounts and shall thereafter constitute Advances hereunder and shall accrue interest at the rate then applicable to Advances that are Base Rate Loans hereunder.

  • All payments that the Agent makes under this SECTION 6.14 and all out-of-pocket costs and expenses that the Agent pays or incurs in connection with any action taken by it hereunder shall be charged to the Borrowers' Loan Accounts as a Revolving Loan.

  • All payments received by the Agent as proceeds of Collateral shall be deemed to be credited to the Borrowers' Loan Accounts immediately upon receipt for purposes of calculating the unused line fee pursuant to this SECTION 3.5.

  • Each Borrower hereby authorizes the Agent and the Lenders to debit the Borrower's Loan Accounts (by increasing the principal amount of the Revolving Credit Loans) in the amount of any such costs and expenses owed by such Borrower when due.

  • Agent may, in its discretion, provide for the payment of such amounts by making appropriate Revolving Credit Loans to Borrower Representative and charging Borrowers' Loan Accounts therefor.

  • All items on invoices not the subject of a bona fide dispute shall be payable by Bridge in United States currency within 30 days from the date of receipt of the invoice.

  • All of the foregoing costs and expenses shall be 103 charged to any one or more of the Borrowers' Loan Accounts as Revolving Loans as described in Section 3.7.

  • COLLECTION AND ADMINISTRATION 6.1 Borrowers' Loan Accounts 6.2 Statements 6.3 Collection of Accounts 6.4 Payments 6.5 Authorization to Make Loans 6.6 Use of Proceeds SECTION 7.

Related to Borrower's Loan Accounts

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Loan Account has the meaning set forth in Section 2.10.

  • Borrower’s Account shall have the meaning set forth in Section 2.8.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Borrower's Liabilities means Borrower’s obligations under this Agreement and any other Transaction Documents.

  • Borrower’s Accountants means Deloitte & Touche LLP or another firm of independent nationally recognized public accountants.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

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

  • Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • Lender’s Account means the account identified in Schedule L-1.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Noteless Loan means a Loan with respect to which (i) the related loan agreement does not require the obligor to execute and deliver an Underlying Note to evidence the indebtedness created under such Loan and (ii) no Underlying Notes are outstanding with respect to the portion of the Loan transferred to a Fund.