Lender Proceeds definition

Lender Proceeds means the aggregate of (i) the Foreclosure Proceeds (as hereinafter defined) plus (ii) all amounts collected by the Lender from the Borrower (other than payments of principal, interest or other amounts required to be paid by the Borrower to Lender under the terms of the Note that are paid by the Borrower to the Lender at a time when no default has occurred under the Note and is continuing) or realized by the Lender from the sale of assets of the Borrower other than the Collateral.
View Source
Lender Proceeds means, as of each Maturity Date, 66.666% of all Applicable Proceeds in excess of the aggregate Principal Amount that Lender has disbursed to Borrower prior to such Maturity Date.
View Source

Examples of Lender Proceeds in a sentence

  • In addition to and after the repayment of the Principal Amount made pursuant to Section 2.04, the Borrower hereby unconditionally promises to pay to the Lender on each Maturity Date the Lender Proceeds, if any, as determined on such date.

  • The Sellers desire to sell to the Buyer, and the Buyer desires to purchase from the Sellers, substantially all of the assets of the Sellers, and assume certain contracts or leases, pursuant to Sections 363 and 365 of the Bankruptcy Code, and on the terms and conditions of this agreement, with an aggregate of $20,800,000 of the purchase price (the "Secured Lender Proceeds") payable to ▇▇▇▇▇ Fargo Bank Texas, N.A. and Bank One, N.A., the pre-petition lenders to the Sellers (the "Banks").

  • The Lender Proceeds shall be wired to Title Company by Lender, and the UBS Proceeds shall be wired to Title Company by UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (herein, “Buyer”) pursuant to the wiring instructions of [ ] attached hereto as Exhibit A.

  • In the event that the we are unable to recover the full amounts due from the Borrower, the proceeds of recovery, net of any necessary third party costs associated with such recovery (as further detailed in clause 21) will be separated between the Liquidity Provider (the Liquidity Provider Proceeds), the P2P Lenders and the First Loss Lender (the P2P Lender Proceeds).

  • Lender Proceeds shall be calculated as of each Maturity Date based on the aggregate Principal Amount that Lender has disbursed to Borrower and the aggregate amount of Applicable Proceeds received by Borrower prior to such date.

  • Any interest repayable by the First Loss Lender will form part of the P2P Lender Proceeds and not the Liquidity Provider Proceeds.

  • For the avoidance of doubt, it is the intent of the parties any payment from the Borrower to the Lender be characterized as a repayment of the Principal Amount or a payment of Lender Proceeds based on the aggregate Principal Amount disbursed and repaid and the Applicable Proceeds received by Borrower.

  • The Lender Proceeds shall be wired to Title Company by Lender, and the UBS Proceeds shall be wired to Title Company by UBS Real Estate Securities Inc.

  • The Lender Proceeds shall be wired to Title Company by Lender, and the UBS Proceeds shall be wired to Title Company by UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (herein, “Buyer”) pursuant to the wiring instructions of [_________] attached hereto as Exhibit A.

  • Following application to the DIP Lender Claims as required by Section 4.3(b)(i), any Net Cash Proceeds that are not Lender Proceeds and, following payment in full of the DIP Lender Claims and the Pre-Petition Lender Claims as required by Sections 4.3(b)(ii) and (iii), any remaining Lender Proceeds shall be returned to Exide or such Subsidiary that is entitled to such proceeds (or as Exide or any court of competent jurisdiction shall direct).