Senior Borrower definition

Senior Borrower has the meaning given to the term “Borrower” in the Senior Facilities Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Senior Borrower. “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

Senior Borrower shall have the meaning assigned to such term in the Intercreditor Agreement.

Examples of Senior Borrower in a sentence

Awards made available to Senior Borrower for the repair or restoration of the Premises or any portion thereof shall not be subject to attachment by any Junior Lender, but this sentence is not intended to otherwise affect any lien, if any, that a Junior Lender may have upon such proceeds.
Senior Borrower is the owner and lessor of landlord’s interest in the Leases.
The ownership of each of the Sponsor, the Shareholder, the Borrower and the Senior Borrower as at the Facility Agreement Date is as set out in the Group Structure Chart.
Senior Lender shall use reasonable efforts to promptly (x) notify each Junior Lender of any requests by Senior Borrower for the release of any Award and (y) provide each Junior Lender with any documentation delivered by Senior Borrower to Senior Lender with respect to any such request by Senior Borrower for the release of any Award.
Borrower shall not impede, interfere with, hinder or delay, and shall not permit Senior Borrower to impede, interfere with, hinder or delay, any effort or action on the part of Lender to cure any default or asserted default under the Senior Loan, or to otherwise protect or preserve Lender’s interests in the Loan and the Collateral following a default or asserted default under the Senior Loan.

More Definitions of Senior Borrower

Senior Borrower means debtor BL Santa Fe, LLC.

Senior Borrower. “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Creditor Representative”, “Senior Noteholder”, “Senior Notes Trustee”, “Senior Parent Creditor”, “Senior Parent Creditor Representative”, “Senior Parent Noteholder” or “Senior Parent Note Trustee” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

Senior Borrower has the meaning set forth on Schedule 1 attached hereto.

Senior Borrower and "Senior Borrowers" shall respectively mean any one or more of the borrowers under the Senior Loan Documents, and the successors, assigns and legal representatives of each, and any and all additional or replacement borrower(s) under any Senior Loan Document. The Senior Borrowers currently include SGRP and most of its subsidiaries (including the Lender).

Senior Borrower means the entities identified on Exhibit A attached hereto, in each case, until such time as such Person is released from the Lien of the Senior Loan Documents pursuant to Section 2.5.2 of the Senior Loan Agreement.

Senior Borrower means Inspire Integrated Resort Co., Ltd., a Chusik Hoesa (joint stock corporation), with Registration Number 120111-0762874 and registered office at: D-1603, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇-▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇.

Senior Borrower means, individually or collectively, as the context may require, Mortgage Borrower, First Mezzanine Borrower and/or (if a New Mezzanine Loan is created) New Mezzanine Loan Borrower.