Successor Borrower definition

Successor Borrower has the meaning assigned to such term in Section 6.07(a).

Successor Borrower shall have the meaning provided in Section 10.3(a).

Successor Borrower has the meaning specified in Section 7.04(d).

Examples of Successor Borrower in a sentence

• In connection with any Defeasance Event, Borrower shall establish or designate a successor entity (the “Successor Borrower”) which shall be a single purpose bankruptcy remote entity (meeting the requirements of Section 4.1.30 below, as applicable) with two (2) Independent Directors approved by Lxxxxx, and Borrower shall transfer and assign all obligations, rights and duties under and to the Note or the Defeased Note (as applicable) together with the pledged Defeasance Collateral to such Successor Borrower.

• Such Successor Borrower shall assume the obligations under the Note or the Defeased Note (as applicable) and the Security Agreement and Borrower shall be relieved of its obligations under such documents and the other Loan Documents, except with respect to those obligations which are expressly stated to survive.

• Borrower shall pay $1,000 to any such Successor Borrower as consideration for assuming the obligations under the Note or the Defeased Note (as applicable) and the Security Agreement.

More Definitions of Successor Borrower

Successor Borrower shall have the meaning set forth in Section 2.5.3 hereof.

Successor Borrower is defined in Section 11.12(b).

Successor Borrower shall have the meaning set forth in Section 2.5.3.

Successor Borrower as defined in Subsection 8.7(a)(i).

Successor Borrower as defined in Section 8.6.

Successor Borrower has the meaning set forth in Section 7.06(a)(i).

Successor Borrower has the meaning specified in Section 7.03(4). “Supplemental Administrative Agent” and “Supplemental Administrative Agents” have the meanings specified in Section 9.15(1).