Master Obligations definition

Master Obligations means the RMB obligations generated from the disbursement of any Loan to the Borrower (the debtor) by the Lender (the creditor) after having reviewed and approved the applicable request from the Borrower, including the principal amounts, interest, default interest, compound interest, liquidated damages, indemnities and the Expenses for the Enforcement of the Obligations incurred by the Lender. Each of the parties hereto agrees and acknowledges that the Obligations of the Borrower towards the Lender under this Agreement shall be consistent to the debts of the Borrower owed to the Lender under this Agreement.
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Examples of Master Obligations in a sentence

  • If the currency under such account of the Borrower is different from the currency of the Master Obligations, it shall be converted at the buying rate published by the Lender on the date of debiting.

  • If compensation is paid in the form of cash in consideration of such demolition, the Borrower shall be obligated to cause the mortgagor to deposit the cash compensation into a special deposit account or certificate of deposit, which account or certificate shall be used to secure the Master Obligations.

  • The Bank Note and the Bond Note have been duly and validly issued under the Supplemental Indenture 20 12-1 and each is a valid and binding joint and several obligation of each Member of the Obligated Group and ranks on a parity with all other Master Obligations issued pursuant to the Master Indenture.

  • The Borrowers agrees that if, after exhaustion of the Available Series 2021 Construction Proceeds, any Borrower pays any portion of the costs of the 2021 Project pursuant to the provisions of this Section, it will not be entitled to any reimbursement therefor from the Issuer or from the Bond Trustee or from the owners of any of the Series 2021 Bonds, nor will it be entitled to any diminution of the loan payments payable under the Master Obligations.