Junior Lender definition

Junior Lender is defined in Section 43(e).

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Junior Lender means the Initial Junior Lender, except that, if the Junior Loan has been Transferred pursuant to Section 4 of this Agreement, then “Junior Lender” shall mean the transferee with respect to such Transfer.

Junior Lender means the transferee with respect to such Transfer.

Examples of Junior Lender in a sentence

Notwithstanding anything to the contrary in this Agreement, Junior Lender may prepare and file its own proof of claim in a Proceeding.
Junior Lender promptly shall notify Senior Lender of any intended action relating to the Junior Loan which would require Rating Agency Confirmation pursuant to this Agreement and shall cooperate with Senior Lender in obtaining such confirmation.
The Junior Lender shall enter into recognition and non-disturbance agreements with any tenants under commercial or retail leases to whom the Senior Lender has granted recognition and non-disturbance, on the same terms and conditions given by the Senior Lender.
Junior Lender irrevocably consents to service, jurisdiction, and venue of such courts for any such foreclosure proceeding and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise.
Any additional cure period granted to Junior Lender hereunder shall automatically terminate upon the bankruptcy (or similar insolvency) of Borrower.

More Definitions of Junior Lender

Junior Lender means, collectively, the holders of the Junior Notes.

Junior Lender means the maker of any Junior Loan or beneficiary of any Junior Loan Deed of Trust.

Junior Lender has the meaning provided in the first paragraph of this Agreement.

Junior Lender. : shall mean Nationwide Commercial Co. and its successors and assigns in its capacity as the maker of the Junior Loan.

Junior Lender means any Lender that receives a lower priority in the distribution rights under Section 10.2 vis-à-vis another Lender. The Class B Lenders and the Class C Lender shall be a Junior Lender vis-à-vis the Class A Lender. The Class A Lender will not be a Junior Lender.

Junior Lender shall where the context permits include their respective successors and permitted assigns and any persons deriving title under them.

Junior Lender means, collectively, First Mezzanine Lender, Second Mezzanine Lender, Third Mezzanine Lender, Fourth Mezzanine Lender, Fifth Mezzanine Lender, Sixth Mezzanine Borrower and Seventh Mezzanine Borrower, unless the context otherwise requires, in which case it shall mean either First Mezzanine Lender, Second Mezzanine Lender, Third Mezzanine Lender, Fourth Mezzanine Lender, Fifth Mezzanine Lender, Sixth Mezzanine Borrower or Seventh Mezzanine Borrower, individually. As the context requires, Junior Lenders shall have the following order of priority: (i) first, First Mezzanine Lender; (ii) second, Second Mezzanine Lender; (iii) third, Third Mezzanine Lender; (iv) fourth, Fourth Mezzanine Lender; (v) fifth, Fifth Mezzanine Lender, (vi) sixth, Sixth Mezzanine Lender and (vii) seventh, Seventh Mezzanine Lender.