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.