Contributing Borrower definition

Contributing Borrower shall have the meaning assigned thereto in Section 2.10(d).
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Contributing Borrower has the meaning specified in Section 14.1(e).
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Contributing Borrower has the meaning assigned to such term in Section 9.15(f).
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Examples of Contributing Borrower in a sentence

  • To the extent that any Borrower makes a payment on any of the Obligations (a “Loan Obligation Payment”), such Borrower (the “Entitled Borrower”) is entitled to contribution and indemnification from, and reimbursement by, each other Borrower (a “Contributing Borrower”) in the amount of the Contribution Obligation of such Contributing Borrower hereunder.

  • The “Allocable Share” of a Contributing Borrower is a fraction, the numerator of which is such Contributing Borrower’s Loan Obligation Limit at the time the applicable Loan Obligation Payment is made and the denominator of which is the sum of the Loan Obligation Limits of all of the Contributing Borrowers (plus a similarly computed amount for any Guarantor which has a similar obligation to make a contribution) as of such time.

  • Each Borrower Party covenants and agrees that its right to receive any contribution hereunder from a Contributing Borrower Party shall be subordinate and junior in right of payment to all Obligations of the Borrowers to the Lender Group hereunder.

  • Subject to the foregoing proviso, the amount so contributed by each Second Round Contributing Borrower shall be equal to such total remaining Excess Payments multiplied by a fraction, the numerator of which is the positive Net Worth of such Second Round Contributing Borrower, and the denominator of which is the aggregate positive Net Worth of all Second Round Contributing Borrowers.

  • The "Allocable Share" of a 77 Contributing Borrower is a fraction, the numerator of which is such Contributing Borrower's Loan Obligation Limit at the time the applicable Loan Obligation Payment is made and the denominator of which is the sum of the Loan Obligation Limits of all of the Contributing Borrowers (plus a similarly computed amount for any Guarantor which has a similar obligation to make a contribution) as of such time.

  • Each Borrower Party covenants and agrees that (i) its right to receive any contribution hereunder from a Contributing Borrower Party shall be subordinate and junior in right of payment to all obligations of the Borrower Parties to the Lender Group hereunder and (ii) it shall not exercise any such contribution rights unless and until the Obligations shall have been paid in full in cash.

  • Each Borrower covenants and agrees that its right to receive any contribution hereunder from a Contributing Borrower shall be subordinate and junior in right of payment to all obligations of the Borrowers to the Agents and the Lenders hereunder.

  • Each First Round Contributing Borrower shall be responsible, by way of contribution (and without duplication), for the reimbursement to each of the Claiming Borrowers of an amount equal to the Excess Payment of each Claiming Borrower; provided, that the aggregate amount owed by any First Round Contributing Borrower shall not exceed the Payment Deficiency of such First Round Contributing Borrower.

  • The Second Round Contributing Borrowers shall reimburse, to each Second Round Claiming Borrower, an aggregate amount equal to the total remaining Excess Payments of such Second Round Claiming Borrower; provided, however, that in no event shall the amount so paid by any Second Round Contributing Borrower exceed the amount of its positive Net Worth (calculated before giving effect to the contribution made by such party under this Section 1C).

  • To the extent that any Borrower makes a payment on any of the Loan Obligations (a "Loan Obligation Payment"), such Borrower (the "Entitled Borrower") is entitled to contribution and indemnification from, and reimbursement by, each other Borrower (a "Contributing Borrower") in the amount of the Contribution Obligation of such Contributing Borrower hereunder.


More Definitions of Contributing Borrower

Contributing Borrower shall have the meaning assigned thereto in Section 4.1(f).
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Contributing Borrower has the meaning set forth in Section 10.06(f).
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Contributing Borrower has the meaning specified in SECTION 1.5(E).
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Contributing Borrower shall have the meaning ascribed thereto in Section 2.16(c) hereof.
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Contributing Borrower shall have the meaning set forth in Section 3.6(d) of this Agreement.
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Contributing Borrower has the meaning set forth in Section 11.03.
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Related to Contributing Borrower

  • Contributing Party has the meaning assigned to such term in Section 5.02.

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Purchasing Borrower Party means any of the Borrower or any Restricted Subsidiary.

  • Non-Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Contributing Partner means each Partner contributing (or deemed to have contributed on termination and reconstitution of the Partnership pursuant to Section 708 of the Code or otherwise) a Contributed Property.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Contributing Parties has the meaning assigned to such term in the preamble.

  • Contributing Guarantors as defined in Section 7.2.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Contributing Employer means any employer other than a reimbursing employer or rated governmental employer.

  • Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Foreign Borrower means any Borrower that is a Foreign Subsidiary.

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

  • Affiliated Lender Cap has the meaning assigned to such term in Section 9.05(g)(iv).

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Excess Funding Guarantor means, in respect of any Guaranteed Obligations, a Subsidiary Guarantor that has paid an amount in excess of its Pro Rata Share of such Guaranteed Obligations, (ii) “Excess Payment” means, in respect of any Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such Guaranteed Obligations and (iii) “Pro Rata Share” means, for any Subsidiary Guarantor, the ratio (expressed as a percentage) of (x) the amount by which the aggregate fair saleable value of all properties of such Subsidiary Guarantor (excluding any shares of stock or other equity interest of any other Subsidiary Guarantor) exceeds the amount of all the debts and liabilities of such Subsidiary Guarantor (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of such Subsidiary Guarantor hereunder and any obligations of any other Subsidiary Guarantor that have been Guaranteed by such Subsidiary Guarantor) to (y) the amount by which the aggregate fair saleable value of all properties of the Borrower and all of the Subsidiary Guarantors exceeds the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of the Obligors hereunder) of the Borrower and all of the Subsidiary Guarantors, determined (A) with respect to any Subsidiary Guarantor that is a party hereto on the date hereof, as of the date hereof, and (B) with respect to any other Subsidiary Guarantor, as of the date such Subsidiary Guarantor becomes a Subsidiary Guarantor hereunder.

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

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Subsidiary Borrower any Subsidiary of the Borrower that becomes a party hereto pursuant to Section 10.1(c)(i) until such time as such Subsidiary Borrower is removed as a party hereto pursuant to Section 10.1(c)(ii).

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.