Examples of Lender Funds in a sentence
Lender may waive Borrower’s obligation to pay to Lender Funds for any or all Escrow Items at any time.
Except as set forth herein, the Prepetition Agent or the Term Lender Steering Group have not consented or agreed to the use of Lender Funds subsequent to the Petition Date.
Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time.
Lender Funds are not insured by HUD and are used at the Lender’s own risk; Lender Funds do not become HUD-Insured Loan Funds until direct disbursement to the Borrower (or Borrower’s designee).
Second, Ungaretti contended it was entitled to the imposition of a constructive trust on the Lender Funds for unpaid trustee fees and attorneys’ fees.
Ungaretti, the Lenders, and the Chapter 7 estate all continued to assert claims on the Lender Funds.In December 2005, Steinberg sought to terminate the Lenders’ claim to the Lender Funds through a new motion to approve the Szilagyi-Lender settlement.
Thereafter, Ungaretti voluntarily transferred the Lender Funds to Steinberg’s counsel, to be held in escrow.
Under the agreement, Ungaretti and Szilagyi would waive their claims to the Lender Funds.
Third, Ungaretti asserted it had a claim in quantum meruit for its services that entitled it to the Lender Funds.
Ungaretti sought injunctive relief and turnover of the Lender Funds, asserting three grounds for claiming the funds.