Provided Borrower definition

Provided Borrower has deposited funds in the Required Repair Account, Lender shall disburse to Borrower the Required Repair Funds from the Required Repair Account from time to time upon satisfaction by Borrower of each of the following conditions:
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Provided Borrower has not committed an uncured Event of Default, application of condemnation awards to the outstanding principal shall not require the payment of a Prepayment Premium.
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Examples of Provided Borrower in a sentence

  • Provided Borrower is not in default under this Note, Borrower may designate in advance which of the above interest rate indexes shall be applicable to any loan advance under this Note and shall designate any optional Interest Period applicable to any fixed rate loan or advance.

  • Provided Borrower submits such request prior to 2:00 p.m. eastern standard time on a Business Day, such requested advance shall be made on the same Business Day.

  • Provided Borrower pays the account fees set forth below, the Reserve shall be held in an interest bearing account.

  • Provided Borrower shall have been given notice of Servicer’s address by Lender, Borrower shall deliver to Servicer duplicate originals of all notices and other instruments which Borrower may or shall be required to deliver to Lender pursuant to this Agreement, the Note and the other Loan Documents (and no delivery of such notices or other instruments by Borrower shall be of any force or effect unless delivered to Lender and Servicer as provided above).

  • Provided Borrower is in compliance with 5.2 below, the Escrow Agent will deposit the proceeds of the Loan in an Eligible Institution.

  • Provided Borrower does not default on any of the obligations of this Loan and Note, then Borrower shall not be required to make any payments until June 15, 2021.

  • Provided Borrower is not required to repay the related Advance in accordance with the terms of this Agreement, Borrower shall also be entitled to receive, as a fee for servicing such Pledged Mortgage Loan, that portion of the Settlement Proceeds for such Mortgage Loan, if any, exceeding the Release Amount for such Mortgage Loan.

  • Provided Borrower meets and maintains subsequent required Debt Service Coverage Ratio, Lender shall release any amounts held in the reserve account.

  • Provided Borrower Parties shall have been given notice of Servicer’s address by Lender, Borrower Parties shall deliver to Servicer duplicate originals of all notices and other instruments which Borrower Parties may or shall be required to deliver to Lender pursuant to this Agreement, the Note and the other Loan Documents (and no delivery of such notices or other instruments by Borrower Parties shall be of any force or effect unless delivered to Lender and Servicer as provided above).

  • Provided Borrower is not in default under this Agreement, Borrower may request (a “Rate Request”) that a $100,000.00 increment or any amount in excess thereof (an “Increment”) of the outstanding principal of, or amounts to be disbursed under, this Agreement bear interest at the selected rate.