Other Borrower Obligations definition

Other Borrower Obligations has the meaning specified in Section 11.23.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of December 1, 2006, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Tropics Mobile Home Park located in Union City, the Loan Agreement dated as of November 1, 2007, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Santa Rosa Leisure Mobile Home Park, and the Loan Agreement dated as of August 1, 2016, among the Authority, the Borrower, and the Trustee, as trustee, relating to the Santa Rosa Leisure Mobile Home Park.

Other Borrower Obligations means the Borrower’s obligations under the Loan Agreement dated as of April 1, 2012 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Rancho Del Sol Mobile Home Park and the Grandview East Mobile Home Estates located in the City of Yucaipa, California.

Examples of Other Borrower Obligations in a sentence

• Each Borrower hereby agrees that until the Termination Date, it shall not exercise any right or remedy arising by reason of any performance by it of any of its obligations hereunder, whether by subrogation or otherwise, against the Other Borrower Obligations or any security for any of the Other Borrower Obligations.

• Each of the Borrowers hereby agrees that until the payment and satisfaction in full of all Other Borrower Obligations and the expiration and termination of the Commitments of the Lenders under this Agreement it shall not exercise any right or remedy arising by reason of any performance by it of any of its obligations hereunder, whether by subrogation or otherwise, against the Other Borrower Obligations or any security for any of the Other Borrower Obligations.

• The Guarantee 88 Section 12.1. The Guarantee 88 Section 12.2. Guarantee Unconditional 89 Section 12.3. Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances 90 Section 12.4. Subrogation 90 Section 12.5. Waivers 90 Section 12.6. Limit on Recovery 90 Section 12.7. Stay of Acceleration 90 Section 12.8. Benefit to Guarantor 91 Section 12.9. No Liability of Canadian Borrower for Other Borrower Obligations 91 SECTION 13.

• The obligations of a Borrower under this Agreement, the Notes, the Credit Documents or any other agreement or instrument referred to herein or therein, shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of the other Borrowers in respect of the Other Borrower Obligations is rescinded or must be otherwise restored by any holder of any of the Other Borrower Obligations, whether as a result of any proceedings in a bankruptcy or reorganization or otherwise.

• Notwithstanding anything to the contrary contained in this Section 2.6, upon the occurrence of an Event of Default, Lender, at its option, may withdraw the Reserve Funds and any other funds of Borrower then in the possession of Lender, Servicer or Property Account Bank and apply such funds to the items for which the Reserve Funds were established or to the payment of the Obligations and the Other Borrower Obligations in such order, proportion and priority as Lender may determine in its sole discretion.

More Definitions of Other Borrower Obligations

Other Borrower Obligations shall have the meaning given such term in Section 9.1.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of July 1, 2011, among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Castle Mobile Estates mobile home park in Capitola, California, the Loan Agreement dated as of April 1, 2012 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Sahara Mobile Home Park located in Palm Springs, California, the Loan Agreement dated as of October 1, 2012 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Rancho Feliz Mobile Home Park and Las Casitas de Sonoma Mobile Home Park located in Rohnert Park, California, the Loan Agreement dated as of April 1, 2013 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Rancho Vallecitos Mobile Estates located in San Marcos, California, the Loan Agreement dated as of September 1, 2013 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Vista de Santa Xxxxxxx Mobilehome Park located in Carpinteria, California, the Loan Agreement dated as of June 1, 2014 among the Borrower, the City of La Verne and MUFG Union Bank, N.A., as trustee, relating to the Copacabana Mobilehome Park located in La Verne, California and the Loan Agreement dated as of November 1, 2014 among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the Hacienda Valley Estates located in Morgan Hill, California.

Other Borrower Obligations means collectively, the Borrower’s obligations under the Loan Agreement dated as of December 1, 2006, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Tropics Mobile Home Park located in Union City; the Loan Agreement dated as of April 1, 2007, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Westlake Mobile Home Park located in the City of Fresno; the Loan Agreement dated as of November 1, 2007, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Santa Xxxx Leisure Mobile Home Park located in the City of Santa Xxxx; and the Loan Agreement dated as of August 1, 2016, among the Authority, the Borrower, and the Trustee, as trustee, relating to the Santa Xxxx Leisure Mobile Home Park located in the City of Santa Xxxx.

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of November 1, 2007, among the Authority (formerly known as Independent Cities Lease Finance Authority), the Borrower, and the Trustee (formerly known as Union Bank of California, N.A.), as trustee, relating to the Santa Xxxx Leisure Mobile Home Park, the Loan Agreement dated as of August 1, 2016, among the Authority, the Borrower, and the Trustee, as trustee, relating to the Santa Xxxx Leisure Mobile Home Park and the Loan Agreement dated as of October 1, 2016, among the Authority, the Borrower, and the Trustee, as trustee, relating to the Xxxxx Mobile Home Park located in the City of Clovis.

Other Borrower Obligations. [definition to be added].

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of 1, 20 , among the Borrower, the Authority and MUFG Union Bank, N.A., as trustee, relating to the mobile home park in , California]

Other Borrower Obligations means, collectively, the Borrower’s obligations under the Loan Agreement dated as of July 1, 2011, among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Castle Mobile Estates mobile home park in Capitola, California, the Loan Agreement dated as of April 1, 2012 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Sahara Mobile Home Park located in Palm Springs, California, the Loan Agreement dated as of October 1, 2012 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Rancho Feliz Mobile Home Park and Las Casitas de Sonoma Mobile Home Park located in Rohnert Park, California and the Loan Agreement dated as of April 1, 2013 among the Borrower, the Authority and Union Bank, N.A., as trustee, relating to the Rancho Vallecitos Mobile Estates located in San Marcos, California.