Subordinate Lenders definition

Subordinate Lenders has the meaning ascribed thereto in Section 3.01(k);
Subordinate Lenders means, the Seller with respect to the Seller Loan, and the foregoing is a “Subordinate Lender.”
Subordinate Lenders means, collectively, the Issuer with respect to the Issuer Loan, and the Seller with respect to the Seller Loan, and each of the foregoing is a “Subordinate Lender.”

Examples of Subordinate Lenders in a sentence

  • The Subordinate Loan Documents are in full force and effect and the Borrower has paid all commitment fees and other amounts due and payable to the Subordinate Lender(s) thereunder.

  • In this respect, if we assume that δj 2r δ σ2 0 holds, that obviously implies that α 2(r δ)/σ2 1 < 0 holds, then we see from the expression in (20) that the equality τ∗ = 0 should hold for the optimal stopping time, so that one should exercise the perpetual American cancellable put option instantly.

  • If the Subordinate Lender fails to deliver the Exercise Notice to the Senior Lender within such ten (10) Business Day period, the Subordinate Lender shall be deemed to have elected not to exercise the Purchase Option with respect to the applicable Default Notice, provided that such election shall not prejudice the Subordinate Lender's right to exercise the Purchase Option in the event of the delivery of any subsequent Default Notices.

  • Discussion The following sections of the Code are proposed for modification: 1.

  • HUD Mortgagee and/or Subordinate Lenders, at Borrower's direction, shall make the required Collateral Payments to permit the Trustee to disburse Bond Proceeds to be applied in accordance with the approved Disbursement Request at Initial Closing.


More Definitions of Subordinate Lenders

Subordinate Lenders means, collectively, the lenders of the Subordinate Debt, each being referred to as a “Subordinate Lender,” as the context may require.
Subordinate Lenders means those lenders from time to time party to the
Subordinate Lenders means the entities making the Subordinate Loans.
Subordinate Lenders. – means, individually or collectively as the context
Subordinate Lenders means the County, the City, Sponsor and any other subordinate lender now or hereafter approved by Bondowner Representative.
Subordinate Lenders means, collectively, the IssuerSeller with respect to the Issuer Loan, the Seller with respect to the Seller Loan and the Vallejo Housing Authority with respect to the City Loan, and each of the foregoing is a “Subordinate Lender.”Seller Loan.
Subordinate Lenders means, collectively, the Governmental Lender (in its capacity as lender with respect to the Loan, as such term is defined in the Construction Funding Agreement), and the City of Walnut Creek, California (in its capacity as lender with respect to the Loan, as such term is defined in the Construction Funding Agreement).