Examples of Loan Obligor in a sentence
Borrower shall not make any Collateral Loan to any Person other than a Collateral Loan Obligor without Lender’s prior written consent.
At the same time as any Loan (i) expires by its terms and all amounts in respect thereof have been paid by the related Loan Obligor and deposited into the Collection Account or (ii) has been prepaid in full and all amounts in respect thereof have been paid by the related Loan Obligor and deposited into the Collection Account, in each case, such Loan shall automatically be released from the lien of this Indenture without further action of any party hereto.
Thus, if the operation of any such CRE Property becomes unprofitable such that a CRE Borrower or other CRE Loan Obligor becomes unable to meet its respective obligations on the related Loan, the liquidation value of any such CRE Property may be substantially less, relative to the amount owing on the related CRE Loan, than would be the case if such CRE Property were readily adaptable to other uses.
If any such environmental survey indicates that there are environmental issues with respect to such property, whether because of the conversion in usage or otherwise, it is possible that the related CRE Borrower or other CRE Loan Obligor will be required to remediate such environmental issues.
Whether the pandemic actually caused the specific breach of contract.
If that remainder is not a liquid amount, since relating to Mortgage Loan receivables that are pending the outcome of court or out-of-court proceedings instituted as a result of default by the Mortgage Loan Obligor, both their continuation and the proceeds of their termination shall be for the Originator.
The third page of the CPPN may serve as the prescribing practitioner’s medication orders.
Notwithstanding the foregoing assignment, Borrower, alone, and not Lender, shall be obligated to fulfill all of the monetary and non-monetary obligations of the lender to Collateral Loan Obligor under the Pledged Note, Pledged Deed of Trust and Additional Pledged Loan Documents.
Promptly when requested by Administrative Agent or any Lender, correct and complete copies of all leases covering all or any portion of any Project, together with a rent roll covering such leases in form and substance reasonably required by Administrative Agent and certified to by the applicable Mortgage Loan Obligor as being true, correct and complete in all material respects.
If a check from a Loan Obligor in payment of amounts owed on a Loan is returned unpaid by the drawee after the applicable Cut-Off Date and the amount of such check was credited to such account prior to the applicable Cut-Off Date, then the Loan Principal Balance of such Loan shall be increased accordingly and the Depositor agrees to pay to the applicable Seller an amount as determined pursuant to Section 3.02(b).