Senior Borrowers definition

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).
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Senior Borrowers means Subsidiary of the Borrower that owns a Mortgaged Property.
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Senior Borrowers means, collectively, EH/Transeastern, LLC and TE/TOUSA Senior, LLC.
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Examples of Senior Borrowers in a sentence

  • Hedging PolicyThe Senior Borrowers are subject to a Hedging Policy which is set out at Schedule 5 of the CTA.

  • The Senior Borrowers have entered into and in the future may enter into various interest rate, inflation-linked and currency hedging transactions in conformity with the Hedging Policy.

  • All transfer taxes, deed stamps, intangible taxes or other amounts in the nature of transfer taxes required to be paid by any Person with respect to the transfer of the Individual Properties to their respective Individual Senior Borrowers under applicable Legal Requirements have been paid (or will be paid at or prior to the Closing Date).

  • Based on this and other alleged events of default, including that Senior Borrowers “co- mingled and continued to co-mingle all cash collections with respect to” certain portfolios and “improperly and routinely use[d] any such available cash for expenses of the Borrowers regardless of source,” CIBC claimed that Senior Borrowers had breached the Senior Loan Agreement.

  • There has been no prior sale, transfer or assignment, hypothecation or pledge by the Senior Borrowers or any Operating Company Entity of any Purchase/Option Agreement or of any Rents payable pursuant thereto, which will be outstanding following the funding of the Loan, other than those being assigned to the Administrative Agent concurrently herewith.

  • The mandate of the directors appointed in accordance with this subparagraph shall expire at the same time as the mandate of those who were in office when they were elected.

  • I offer a detailed interpretation of Sua´rez’s theory of eternal truths in “Sua´rez’ Theory of Eternal Truths,” The Journal of the History of Philosophy 39 (2001).

  • But now, there is no facet of anyone’s life that is not impacted by computing.

  • The Original Senior Lender has retained the Facility B Loans advanced by the Original Senior Lender to the Senior Borrowers under Facility B of the Senior Facility Agreement (together the Senior Retained Loan).

  • The Senior Loan Agreement allegedly provided Senior Borrowers with a “revolving line of credit from which they could borrow money” and required them to provide certain information to the lenders, including portfolio reports, borrowing base certificates, financial reports, and information related to dividend distributions or other similar payments.


More Definitions of Senior Borrowers

Senior Borrowers means the Original Senior Borrowers and any Additional Borrower once it accedes to this Deed in accordance with the provisions hereof. "SENIOR DISCHARGE DATE" means the date on which all Senior Liabilities (other than the Postponed Senior Liabilities) have been fully paid and discharged to the satisfaction of the Senior Agent (acting reasonably), whether or not as a result of an enforcement.
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Senior Borrowers means, collectively, the “Borrowers” as defined in the Senior Creditor Loan Agreement.
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Related to Senior Borrowers

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc., or its successor in interest.

  • DIP Lender means a lender under the DIP Facility.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.