Underlying Borrower definition

Underlying Borrower means, with respect to any Purchased Asset that is a Mortgage Loan, the Mortgagor, and with respect to any Purchased Asset that is a Mezzanine Loan, the Mezzanine Borrower.

Underlying Borrower means, with respect to an Underlying Loan, the issuer(s) or obligor(s) and any guarantor thereof pursuant to the terms of the related Underlying Loan Documents.

Underlying Borrower means the borrower with respect to an Underlying Loan.

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.

More Definitions of Underlying Borrower

Underlying Borrower means any borrower or other obligor with respect to any Underlying Loan.

Underlying Borrower each borrower or maker or obligor under any Underlying Financing and each cosigner thereof.

Underlying Borrower means the obligor on an Underlying Note and the grantor of the related Underlying Mortgage.

Underlying Borrower means each Person identified as such, or Underlying Borrower Guarantor, in each case, under each Underlying Financing as identified in the applicable Underlying Financing Specification.

Underlying Borrower means [________________], a(n) [________________].

Underlying Borrower means AMCO PRH 801 South Miami Avenue, LLC, a Delaware limited liability company, the borrower under the Underlying Loan Documents, or any successor or assignee thereof in accordance with the terms and conditions of the Underlying Loan Agreement and the terms and conditions hereof.

Underlying Borrower means any borrower or obligor referenced or made a party to the Security Documents listed in Exhibit 3, attached hereto and made a part hereof.