Examples of Underlying Borrower in a sentence
There shall be one Underlying Borrower Loans’ Batch for each Loan Agreement.
For purposes of this paragraph, an assignment, sale, or transfer shall also include the transfer of any stock of the Applicable Underlying Borrower other than to an existing shareholder thereof.
Aksum is seen as a‘bedrock state’, so much so that the origin of the institutions of imperial Ethiopia, such as the office of the Emperor and the Ethiopian Orthodox Church (Clapham 1969), as well as Christian culture, the ox-plough agricultural system and Ethiopic script, are imputed to it.
Any and all collateral granted or available to Borrower to secure the payment by an Applicable Underlying Borrower of all principal, interest, and other amounts owed to Borrower by such Applicable Underlying Borrower in connection with an Applicable Underlying Loan.
In addition, notwithstanding the foregoing, the Special Servicer may take action prior to the lapse of either such 10-day period if it determines, in accordance with the Servicing Standards, that such action is required by the Servicing Standards in order to avoid a material adverse effect on the Holders or is in the nature of an emergency, and shall have no liability to the Issuer, any Underlying Borrower, any party or any Holder for taking any such action that meets the foregoing standards.