Junior Lender definition

Junior Lender is defined in Section 43(e).

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

• Borrower further (i) agrees that Xxxxxx shall be entitled to conclusively rely on Xxxxxx Xxxxxx’s assertion that it is entitled to such available balances and (ii) hereby releases Lender and indemnifies Lender against any Losses that may be incurred by Xxxxxx as a result of any Person claiming that Lender improperly remitted such available balances to Junior Lender.

• Lender and Junior Lender have no obligation to disclose to Borrower the contents of the Junior Loan Co-Lender Agreement.

• Section 7.14 Disbursements to Junior Lender .............................................................

• Provided no Event of Default has occurred and is continuing, any Excess Cash Flow Funds remaining in the Excess Cash Flow Account upon the repayment in full of the Debt shall be disbursed to Borrower, unless any amount remains outstanding at such time pursuant to the Junior Loan Documents, in which case such funds shall be, and Borrower hereby directs that such funds be, disbursed to Junior Lender.

• Borrower and Xxxxxx hereby acknowledge and agree that Lender may conclusively rely on any notice delivered by Junior Lender without any inquiry into the validity thereof, including, without limitation, a notice from Junior Lender that a Junior Loan Event of Default has occurred or is continuing.

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 means 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.