Portfolio Lender means a lender holding a Portfolio Loan.
Examples of Portfolio Lender in a sentence
Designated Portfolio Lender and Designated Mezzanine Lender each agree that if it shall deliver a notice to either Master Landlord or Wachovia concerning any aspect of this Master Agreement, it shall also send a copy of such notice to the other party hereto.
Notwithstanding the foregoing, the Designated Portfolio Lender (even prior to its delivery of a DPL Acceleration Notice) shall have the full right and authority to enforce all of the rights granted to it (and shall have the obligations imposed upon it) under Sections 3.4, 12, 13, 17, 18, 19 and 21 of this Master Agreement .
No term or provision hereof may be amended or modified, but only by an instrument that (i) is signed by the party against whom enforcement thereof is sought, and (ii) has been approved by the Designated Portfolio Lender.
Furthermore, the Designated Portfolio Lender hereby agrees that Wachovia may, from time to time, request similar written instruments of it under this Master Agreement, as relates to such Designated Portfolio Lender's rights, obligations, acts and omissions hereunder, and notices sent by it, or on its behalf, and, in any such event, it agrees to deliver the same within twelve (12) Business Days after request.
No Designated Portfolio Lender (or DPL Nominee) shall ever be personally liable (i.e., liable beyond such interests) for any such judgment or for any other liability or obligation under this Master Agreement or any Lease .