Corresponding Borrower Loan definition

Corresponding Borrower Loan means, with respect to a particular series of Securities, the Borrower Loan upon which such series of Securities is dependent for payment.
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Corresponding Borrower Loan means the Prosper Borrower Loan upon which a series of Prosper Borrower Notes is dependent for payment.
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Corresponding Borrower Loan means the Borrower Loan upon which a series of Securities is dependent for payment.
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Examples of Corresponding Borrower Loan in a sentence

  • The Company shall have no liability or obligation with respect to the payment of Principal and interest on any Securities except to the extent of the Borrower Loan Net Payments in respect of the Corresponding Borrower Loan.

  • No Holder of a Security shall have any recourse against the Company unless and then only to the extent that the Company (i) has failed to pay such Holder the Holder’s pro rata share of the Borrower Loan Net Payments in respect of the Corresponding Borrower Loan, or (ii) has otherwise breached a covenant in this Indenture.

  • This Note represents a limited obligation of the Issuer that is entirely dependent upon receipt by the Issuer of payment on the Corresponding Borrower Loan.

  • Details regarding the Borrower, the Corresponding Borrower Loan, and the Corresponding Investment Property can be found on the Issuer’s website (the “Site”) and the investment listing statement corresponding to this Note (the “Series Note Listing”) presented on the Site.

  • However, if no payments are made to Issuer pursuant to the terms of the Corresponding Borrower Loan, then the Issuer is not obligated to make the corresponding payments to the Investor pursuant to the payment schedule referenced hereinabove.

  • Insert aggregate principal amount of Corresponding Borrower Loan.

  • In the event that the Issuer does not receive any payments due from the Corresponding Borrower Loan, Issuer will have no payment obligation to Investor under the terms of this Note.

  • Investor shall have no recourse against Issuer unless, and then only to the extent that, Issuer has failed to pay Investor’s pro-rata share of the payments received by Issuer under the Corresponding Borrower Loan or has otherwise breached a covenant of this Note.

  • With respect to each series of Securities, the Company shall use commercially reasonable efforts to maintain backup servicing arrangements providing for the Corresponding Borrower Loan to be serviced and collected in good faith, accurately and in accordance with industry standards customary for servicing loans such as the Borrower Loans.

  • The Issuer will, at its sole discretion (and with no obligation), advance any and all amounts necessary to protect its interest in the Corresponding Borrower Loan, including (without limitation) foreclosure fees and related costs as well as payments necessary to pay property taxes, senior liens, junior liens, and other fees and costs Issuer deems necessary to protect its lien in the Corresponding Borrower Loan (the “Issuer’s Advances”).


More Definitions of Corresponding Borrower Loan

Corresponding Borrower Loan means the Borrower Loan upon which a series of Borrower Member Dependent Notes is dependent for payment.
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Corresponding Borrower Loan means the Corresponding Prosper Borrower Loan and/or Corresponding Open Market Loan.
Sample 1
Corresponding Borrower Loan means the Borrower Loan upon which a series of Borrower Member Payment Dependent Notes is dependent for payment.
Sample 1

Related to Corresponding Borrower Loan

  • 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.

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

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Subsidiary Borrowers means (a) each Domestic Subsidiary that is a party hereto as of the Closing Date and (b) each Domestic Subsidiary that becomes a party to this Agreement after the Closing Date pursuant to Section 9.11 or otherwise.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.