Prime Lender definition
Examples of Prime Lender in a sentence
Subtenant shall be entitled to its pro-rata share of signage rights under the Prime Lender.
Until the Obligations are fully paid and performed, Mortgagor shall not voluntarily or involuntarily sell, assign, transfer, mortgage (except to Prime Lender) or convey the Property without Lender’s prior written approval.
When and if received, such payment shall be credited to Borrower as partial repayment of its indebtedness to Prime Lender and recorded by Lenders onto Schedule A.
Lender acknowledges that this Mortgage is subordinated to that certain [Describe Mortgage in favor of Prime Lender.] (the “Senior Mortgage”).
Notwithstanding Section 4 above, the approximately ------------------ $150,000 in funds held by Borrower's landlord, pursuant to the terms of an escrow account, as security for Borrower's Santa ▇▇▇▇▇▇ office lease shall, immediately upon release from escrow, shall be paid directly from such account to Prime Lender.
Pursuant to the Credit Agreement, Borrower has agreed that each amount payable from Borrower to Lenders shall consist of two payments, one payment to each of Prime Lender and Co-Lender, allocated proportionately between them pursuant to each lender's then-existing indebtedness.
The rights of Lender under this Article II are subject only to the rights of the Prime Lender.