Junior Borrower definition

Junior Borrower means, Mezzanine A Borrower, Mezzanine B Borrower and Mezzanine C Borrower, individually or collectively as the context may require.
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Junior Borrower means, collectively, First Mezzanine Borrower, Second Mezzanine Borrower, Third Mezzanine Borrower, Fourth Mezzanine Borrower, Fifth Mezzanine Borrower, Sixth Mezzanine Borrower and Seventh Mezzanine Borrower, unless the context otherwise requires, in which case it shall mean either First Mezzanine Borrower, Second Mezzanine Borrower, Third Mezzanine Borrower, Fourth Mezzanine Borrower, Fifth Mezzanine Borrower, Sixth Mezzanine Borrower or Seventh Mezzanine Borrower.
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Junior Borrower means any Junior Credit Party that incurs or issues Junior Secured Indebtedness, together with its successors and assigns.
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Examples of Junior Borrower in a sentence

  • In the event of any conflict, ambiguity or inconsistency between the terms and conditions of this Agreement and the terms and conditions of any of the Senior Loan Documents or the Junior Loan Documents, the terms and conditions of this Agreement shall prevail, as between Senior Lender and each Junior Lender, but shall not inure to the benefit of Borrower or any Junior Borrower.

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  • Upon any inspection of the books, records or the Premises of any Junior Borrower by a Junior Lender, pursuant to the terms of its respective Junior Loan Documents, such Junior Lender shall, upon written request of Senior Lender and any other Junior Lender, take action to encourage its Junior Borrower to reasonably cooperate to provide Senior Lender and such other requesting Junior Lender access for its own inspection of such books, records or the Premises.

  • Intercreditor Agreement, § 1.32 Under the Intercreditor Agreement, a “Proceeding” includes a bankruptcy case in which any Borrower Party or any Junior Borrower is a debtor; and the “Junior Borrower(s)” are the Mezzanine Borrowers.

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  • Upon the Discharge of Senior Obligations, the applicable Senior Agent shall deliver to the Designated Junior Agent or shall execute such documents as the Designated Junior Agent may reasonably request (at the expense of the Junior Borrower) to enable the Designated Junior Agent to have control over any Control Collateral still in such Senior Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct.

  • The Junior Loan Non-Monetary Cure Period and any additional cure period granted hereunder to a Subordinate Junior Lender electing to cure the non-monetary default (including, with respect to a non-monetary default that is not susceptible of cure, any additional time as is reasonably necessary for a Subordinate Junior Lender to foreclose on its Equity Collateral) shall automatically terminate upon the bankruptcy (or similar insolvency) of Senior Borrower or any applicable Senior Junior Borrower.

  • Finally, the Intercreditor Agreement provides that its provisions will be applicable both before and after the commencement, whether voluntary or involuntary, of any Proceeding with respect to any Borrower Party or any Junior Borrower.

  • The provisions of this Section 15(b) shall not limit or alter the rights of Senior Lender with respect to Borrower pursuant to the Senior Loan Documents or any Junior Lender with respect to its respective Junior Borrower pursuant to the applicable Junior Loan Documents.

  • I offer a detailed interpretation of Sua´rez’s theory of eternal truths in “Sua´rez’ Theory of Eternal Truths,” The Journal of the History of Philosophy 39 (2001).


More Definitions of Junior Borrower

Junior Borrower has the meaning given to the term “Company” in each Junior Note Agreement or the borrower or issuer under a New Junior Financing Equivalent.
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Junior Borrower. “Parent”, “Party”, “Primary Creditor”, “Security Agent”, “Senior Agent”, “Senior Creditor”, “Subordinated Creditor” and “Senior Lender” shall be construed to be a reference to it in its capacity as such and not in any other capacity;
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Junior Borrower means, Mezzanine 1 Borrower and/or Mezzanine 2 Borrower, individually or collectively as the context may require.
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Junior Borrower means Kapa Shipping Company Inc., a company incorporated according to the law of the Republic of the Xxxxxxxx Islands with registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, Xxxxxxxx Islands;
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Junior Borrower means Kapa Shipping Company Inc., a company incorporated according to the law of the Republic of the Marshall Islands with registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands;
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Related to Junior Borrower

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

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

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

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

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc., or its successor in interest.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • DIP Lender means a lender under the DIP Facility.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • Borrower as defined in the preamble hereto.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Junior Lien Indebtedness means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Borrower Principal means any of the following:

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

  • First Lien Indebtedness means any Indebtedness for borrowed money (which, for the avoidance of doubt, does not include Purchase Money Indebtedness, and any related Liens thereto) secured by a Lien on any assets of the Issuer or any Restricted Subsidiary ranking pari passu with the Liens securing the Notes Obligations.

  • 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.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

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