Examples of Original Borrower in a sentence
Original Borrower and New Borrower acknowledge and agree that Lender is relying upon the warranties and representations set forth this paragraph and that said warranties and representations are a material inducement to Lender to enter into this Agreement.
In the event that the Original Borrower has transferred the Property pursuant to Section 4.4(B) hereof, then within ninety (90) days after the death of any guarantor or any indemnitor of the Borrower’s obligations under the Loan Documents, Borrower shall secure a replacement guarantor or indemnitor, satisfactory to Lender in its sole discretion, who, within the ninety (90) day period, shall sign all documents required by Lender to effectuate this intent.
The provisions of the Loan Documents, as modified herein, are expressly reaffirmed hereby and remain in full force and effect; provided, however, that New Borrower shall not be deemed to have reaffirmed any representations or warranties made by Original Borrower under the Loan Documents to the extent such representations or warranties do not relate to the Property but instead relate to Original Borrower’s financial status or entity/organizational specific matters.
For so long as the Borrower is the Original Borrower, within ninety (90) days after the death of either Harold Katz or Robert Fishel, Borrower shall secure a replacement guarantor or indemnitor, satisfactory to Lender in its sole discretion, who, within the 90 day period, shall sign all documents required by lender to effectuate this intent.
Register of Deeds, Mecklenburg County, State of North Carolina recorded on November 22, 2013 in Book 28849, Page 693.5. Environmental Indemnity executed by Original Borrower and Original Guarantor dated November 22, 2013.6. Escrow Waiver Letter (Insurance Premium).7.