New Borrower definition

New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.
New Borrower means an individual who has no outstanding balance on a Direct Loan Program or FFEL Pro- gram loan on July 1, 2014, or who has no outstanding balance on such a loan on the date he or she obtains a loan after July 1, 2014.
New Borrower. Has the meaning set forth in Section 7.21.

Examples of New Borrower in a sentence

  • New Borrower and Xxxxxx agree that the provisions of the Security Instrument are modified as set forth in Exhibit B attached hereto and incorporated herein by reference.

  • The undersigned parties agree that all obligations under the Note, the Loan Agreement, the Security Instrument and the other Loan Documents (as defined in the Assumption Agreement) secured by the Mortgaged Property described on Exhibit A, have been assumed by New Borrower upon the terms and conditions set forth in the Assumption Agreement.

  • New Borrower acknowledges that Xxxxxx will record or cause to be recorded in the land records of the Property Jurisdiction an executed original of the Memorandum of Loan Assumption and Modification Agreement in the form attached as Exhibit C (“Memorandum of Assumption”).

  • New Borrower unconditionally assumes and agrees to be bound by all terms, provisions, and covenants of the Note, the Loan Agreement, the Security Instrument, and the other applicable Loan Documents as if New Borrower had been the original maker of the Note and the original borrower under the Loan Documents.

  • New Borrower will pay all sums to be paid and will perform each obligation to be paid or performed by Original Borrower under and in accordance with the terms and conditions of the Note, Security Instrument, Loan Agreement, and all other Loan Documents (each, as modified by this Assumption Agreement) assumed by New Borrower.


More Definitions of New Borrower

New Borrower means, upon the completion of the Restructuring, the new parent holding company that is the corporate parent of the Newspaper Subsidiary.
New Borrower has the meaning provided in the preamble to this Agreement.
New Borrower. The meaning given in Section 2.19.
New Borrower means you apply for this insurance:
New Borrower means one or more newly formed entities which, after giving effect to a Holding Company Reorganization (a) shall be an entity organized under the laws of any political subdivision of the United States and be wholly owned (whether directly, or indirectly through one or more Intermediate Holding Companies) by the Holding Company; (b) shall, upon the completion of a Holding Company Reorganization, own or acquire (whether by transfer, consolidation, merger or otherwise) all of the assets that were owned by Gray immediately prior to a Holding Company Reorganization (including without limitation all of the Capital Stock of the operating Subsidiaries of Gray) and (c) shall assume all of the rights and obligations of Gray as “Borrower” under this Agreement and the other Loan Documents.
New Borrower is defined in the preamble.
New Borrower means, with respect to each New Entity, such New Entity on behalf of a particular Series of such New Entity. For example, if a New Entity has two Series and wishes to borrow on behalf of one of those Series, the term “New Borrower” would be the New Entity on behalf of the Series that is borrowing; if the New Entity wishes to borrow on behalf of both Series, the term “New Borrower” would mean the New Entity on behalf of one Series and the New Entity on behalf of the other Series.