Third Party Borrower definition
Examples of Third Party Borrower in a sentence
Each Borrower may also request the issuance of Letters of Credit on behalf of a Third Party Borrower for that Third Party Borrower’s reinsurance purposes.
Mortgagor warrants that: (i) this Security Instrument is executed at the request of Third Party Borrower; and (ii) Mortgagor has adequate means of obtaining from Third Party Borrower on a continuing basis financial and other information pertaining to Third Party Borrower's financial condition without relying on Mortgagee therefor.
Third Party Borrower a person with whom the Loan Originator has concluded the loan agreement subject of the assignment.
This Consent shall be binding upon and benefit the successors and assigns of Third Party, Borrower, the Collateral Agent, for the benefit of the Secured Parties, and their respective successors, transferees and assigns (including without limitation, any lender, lessor, collateral agent and/or other entity that purchases, refinances, replaces or supplements all or any portion of any credit arrangements, indebtedness or other obligations made available or outstanding under any Transaction Document).
With respect to information or material acquired in the normal course of Mortgagee's relationship with Third Party Borrower, Mortgagor agrees that Mortgagee shall have no obligation to disclose such information or material to Mortgagor.
Any notice, request, demand, claim or other communication hereunder shall be deemed duly given if it is sent by registered or certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient as set forth below: To the Executive: ▇▇▇▇▇▇▇ ▇.
The Assignee understands and acknowledges that the Third Party Borrower is solely responsible for making any repayments and the Loan Originator or Portal Operator are not responsible for the fulfilment of the Claim.
The Assignee authorised the Portal Operator to submit notifications to the Third Party Borrower on the assignment of Claim.
With respect to information or material acquired in the normal course of Mortgagee's relationship with Third Party Borrower, M▇▇▇▇▇▇▇▇ agrees that Mortgagee shall have no obligation to disclose such information or material to Mortgagor.
Parallel Obligation an obligation of the Third Party Borrower to pay to the Collateral Agent an amount equal to and in the currency of each other monetary obligation of the Third Party Borrower arising from any document related to the relevant Claim.