Borrower’s Notes definition

Borrower’s Notes means the promissory notes evidencing Borrower’s Loans. A promissory note that evidences a single Borrower’s Loan is herein called a “Borrower’s Note”.
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Examples of Borrower’s Notes in a sentence

  • No Subsidiary Borrower shall be liable for the obligations of any other Borrower under this Agreement or any Borrowings of any other Borrower or any other Borrower’s Notes, if any.

  • The Borrower’s Notes have been duly authorized by the Borrower and, when executed, issued and delivered pursuant hereto for value received, will constitute valid and binding obligations of the Borrower, enforceable in accordance with their terms, except as (i) may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally, and (ii) rights of acceleration and the availability of equitable remedies may be limited by equitable principles of general applicability.

  • The loans under the Facility are evidenced by the Borrower’s Notes to the Banks in the aggregate principal amount of $100,000,000.

  • In the case of each Utilisation by an Australian Borrower (other than the first) and each repayment or prepayment of any Utilisation which was made by an Australian Borrower, the Facility Agent must amend the Register to reflect the revised principal amount outstanding on the relevant Australian Borrower’s Notes under that Facility.

  • In connection with the Advances, all of Borrower’s Notes, including the security interests securing the Notes, shall be assigned to Lender.

  • Upon the transfer of the servicing obligations of Borrower’s Notes Receivable from Borrower to Lender or such approved designee, Borrower shall immediately deliver to Lender or such approved designee all loan documents then held by Borrower or any other Person relating to all of the outstanding Notes Receivable.

  • If, as of the last day of each calendar quarter, Borrower’s over 30-day delinquency on its entire Notes Receivable portfolio is greater than twenty percent (20%), then Lender shall have the right to conduct an audit, at Borrower’s sole cost and expense, of all Borrower’s Notes Receivable pledged to the Lender hereunder.

  • The US Borrower’s Notes have been duly authorized by the US Borrower and, when executed, issued and delivered pursuant hereto for value received, will constitute valid and binding obligations of the US Borrower, enforceable in accordance with their terms, except as (i) may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally, and (ii) rights of acceleration and the availability of equitable remedies may be limited by equitable principles of general applicability.

  • If, as of the last day of each calendar quarter, Borrower’s over 30-day delinquency on its entire Notes Receivable portfolio is greater than twenty percent (20%), then Agent shall have the right to conduct an audit, at Borrower’s sole cost and expense, of all Borrower’s Notes Receivable pledged to the Lenders hereunder.

  • Guarantors acknowledge and agree that the aforesaid Guaranty Agreements are hereby amended to guaranty the Borrower’s Notes as modified by this First Modification Agreement which is modifying the interest rate and maturity dates of the Promissory Notes as stated above, together with any and all renewals thereof.

Related to Borrower’s Notes

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

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

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

  • 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.