First Borrower definition

First Borrower has the meaning given to it in Clause 26.17.
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First Borrower the meaning given in Paragraph D of the Recitals.
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First Borrower the First borrower under the First Loan Agreement.
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Examples of First Borrower in a sentence

  • First, Borrower cannot assign its collection rights against SKM Bread [sic] to Seller because Borrower is assigning all rents to Column under the loan documents.

  • 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.

  • Our present rates on Car loan are:In case of Women borrowers (In case of joint loan First Borrower being woman) - Base Rate + 0.25 %( i.e. Presently 10.25%).In case of men borrowers- Base Rate + 0.30 %( i.e. Presently 10.30%).

  • 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.

  • READ Signature of the First Borrower Signature of the Second Borrower Signature of the Bank’s authorized signatory I hereby agree to my spouse’s taking out a credit facility.

  • The stipulation noted that Attorney Sandy has delivered to the Board file materials concerning two client matters considered in this proceeding, as well as those of a third former client.

  • The taskforce has also heard evidence of three factors that drive demand for frequent small cash withdrawals:  first, there are limitations on people’s capacity to store food (which leads to frequent small purchases rather than a single weekly shop).

  • On 27 October 2014, the Lender entered into the First Loan Agreement with the First Borrower, pursuant to which the Lender has agreed to provide a loan with principal amount up to HK$25,000,000 to the First Borrower in accordance with the terms thereunder.

  • By a revolving credit facility agreement (the "Facility Agreement") dated 1 September 1994 and made between the First Borrower, the Old Second Borrower and the Lender, the Lender has agreed to make available to the First Borrower or, as the case may be, the Old Second Borrower under the guarantee of the First Borrower (in such capacity hereinafter referred to as the "Guarantor") a revolving credit facility up to a maximum amount of DM 200,000,000 on the terms and subject to the conditions therein set out.

  • Subject to certain conditions as set out in the First Loan Agreement, including but not limited to (i) the First Share Mortgage being duly executed by the First Borrower in favour of the Lender; and (ii) the Lender receiving such collaterals in the form and substance acceptable to the Lender, as may be required by the Lender at its absolute discretion, the Lender shall have absolute discretion as to whether to make available any sum for drawdown under the First Loan Agreement.


More Definitions of First Borrower

First Borrower. Xx. Xxx Xxx Xxxx, an individual who, to the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, is an Independent Third Party
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First Borrower has the meaning specified in the recital of parties to this Agreement.
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Related to First Borrower

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

  • Parent Borrower as defined in the preamble hereto.

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

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, and a May 19, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 9, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from June 2, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before June 2, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from June 2, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before June 2, 2000, to the Waiver Termination Date, provided that:

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

  • means Borrower s forecasted consolidated and consolidating: (a) balance sheets; (b) profit and loss statements; (c) cash flow statements; and (d) capitalization statements, all prepared on a Subsidiary by Subsidiary or division-by-division basis, if applicable, and otherwise consistent with the historical Financial Statements of the Borrower, together with appropriate supporting details and a statement of underlying assumptions.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Borrower as defined in the preamble hereto.

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Canadian Borrower as defined in the preamble hereto.

  • Applicant Borrower has the meaning specified in Section 2.14.

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • 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;

  • 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.

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

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

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

  • U.S. Borrowers have the meanings specified in the preamble to this Agreement.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

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

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

  • 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.