First Borrower definition
Examples of First Borrower in a sentence
Subject to the Lender’s overriding right of repayment on demand, the First Borrower shall repay the First Loan in full in one lump sum together with all interest accrued thereon and all other monies payable under the First Loan Agreement on the First Repayment Date.
Prior to 27 October 2014, the Lender entered into the Prior Loan Agreement with the First Borrower which has not been due as at the date of this announcement.
The Subsidiaries of the First Borrower own, as of the Effective Date, the assets and liabilities set forth in Part II of Schedule 4.01(b).
We refer to the following [Term A Facility] / [Term B Euro Facility] / [Term C Euro Facility] Loan in [identify currency] with an Interest Period ending on [ insert date ] (the “Change Date”) made to the First Borrower.
SIGNED by ) Mr. ) for and on behalf of the First Borrower ) /s/ Ion ▇.
The loan made to the First Borrower, the Second Borrower and the Third Borrower will help facilitate the development of the business of the First Borrower, the Second Borrower and the Third Borrower.
Create any new Subsidiary unless, in the case of the First Borrower, the creation of such Subsidiary is necessary because of a particular state's laws relating to liquor licenses and unless the stock of such Subsidiary is pledged (to the extent permitted under such state's laws) to the Agent for the benefit of the Lenders, the ACH Banks and the Hedge Banks.
The First Borrower shall repay to Billion International all outstanding amount under the First Loan Agreement together with accrued interest on the maturity date (or the date of early repayment).
Lender is the owner and holder of a Fixed Rate Commercial Promissory Note dated January 15, 1999 executed by First Borrower in favor of Lender in the original principal amount of $175,000.00 ("Note"), with respect to Lender's loan number 06716702 ("Loan").
In addition, the Lender shall have the right from time to time at its absolute and sole discretion require or demand any other collateral, irrespective of whether the monetary value of the same is equivalent to or over the outstanding indebtedness owing from the First Borrower to the Lender.