Collateral Pool Borrower definition

Collateral Pool Borrower means individually and collectively, each Borrower that owns Collateral that is a part of such Collateral Pool (each of which may be referred to a “Collateral Pool (APPLICABLE POOL NUMBER) Borrower,” i.
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Collateral Pool Borrower means, at any given time, any wholly-owned Subsidiary of the OP Borrower which owns a Real Property Asset which is included as a Collateral Pool Property (excluding, for the avoidance of doubt, any California Collateral Pool Guarantor).
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Examples of Collateral Pool Borrower in a sentence

  • To obtain a release of Collateral from the Collateral Pool, Borrower may deliver a Release Request to Lender.

  • To obtain a release of Collateral from the Collateral Pool, Borrower shall deliver a Release Request to Lender.

  • The indebtedness evidenced by this Note is secured by other Security Documents executed by Collateral Pool Borrower.

  • Such Collateral Pool Borrower shall also be obligated to make any regularly scheduled payments of principal and interest due under the applicable Note during any period between the closing of the Release Mortgaged Property and the earlier of the closing of the Substitute Mortgaged Property and the date of prepayment of the Note.

  • Any Substitute Cash Collateral remaining will be returned to the applicable Collateral Pool Borrower on the date all Loans made to such Collateral Pool Borrower are repaid in full, or after an event that brings such Collateral Pool back into compliance with the Coverage and LTV Tests for such Collateral Pool.

  • The obligation of the applicable Collateral Pool Borrower to repay the related Fixed Loan is and shall be evidenced by one or more Fixed Loan Notes executed by each applicable Collateral Pool Borrower.

  • Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default under such Collateral Pool and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to the applicable Collateral Pool Borrower.

  • Lender reserves the right to require the applicable Collateral Pool Borrower to post a deposit at the time the ▇▇▇▇▇▇ Mae Commitment is obtained.

  • Fannie Mae shall have the right, to be exercised in its complete discretion, to waive any breach hereunder (including the occurrence of an Event of Default), by a writing setting forth the terms, conditions, and extent of such waiver signed by Fannie Mae and delivered to the applicable Collateral Pool Borrower.

  • Subject to such Collateral Pool Borrower’s right to contest under Section 15(d) of the Security Instruments, such Collateral Pool Borrower shall deliver to Fannie Mae evidence that such Borrower has paid each Imposition within thirty (30) days after making such payment.