PAYMENT BY LENDER definition

PAYMENT BY LENDER. If you are authorized to pay, on my behalf, charges I am obligated to pay (such as property insurance premiums), then you may treat those payments made by you as advances and add them to the unpaid principal under this note, or you may demand immediate payment of the charges.

Examples of PAYMENT BY LENDER in a sentence

  • IN FURTHERANCE OF LENDER'S RIGHTS HEREUNDER, DEBTOR HEREBY GRANTS TO LENDER AN IRREVOCABLE, NON-EXCLUSIVE LICENSE (EXERCISABLE WITHOUT ROYALTY OR OTHER PAYMENT BY LENDER) TO USE, LICENSE OR SUBLICENSE ANY PROPRIETARY COLLATERAL IN WHICH DEBTOR NOW OR HEREAFTER HAS ANY RIGHT, TITLE OR INTEREST TOGETHER WITH THE RIGHT OF ACCESS TO ALL MEDIA IN WHICH ANY OF THE FOREGOING MAY BE RECORDED OR STORED.

  • PAYMENT BY LENDER SHALL NOT BE A CONDITION PRECEDENT TO THE OBLIGATIONS OF BORROWER UNDER THIS INDEMNITY.

  • PAYMENT BY LENDER – You are authorized to pay, on my behalf, charges I am or may become obligated to pay to preserve or protect the secured property (such as property insurance premiums).

Related to PAYMENT BY LENDER

  • Assignor Lender is defined in Section 10.11.1.

  • Non-BA Lender means any Lender which is not a BA Lender.

  • Partial Credit Payment means any payment, distribution or benefit that is not a Full Credit Payment. In no event shall Executive have any discretion with respect to the ordering of payment reductions.

  • Other Lender has the meaning ascribed to it in Section 8.5(d).

  • Terminated Lender as defined in Section 2.22.

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • Assignee Lender is defined in Section 10.11.1.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Letter of Credit Indemnified Costs has the meaning specified therefor in Section 2.11(f) of the Agreement.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Refinancing Lender has the meaning set forth in Section 2.15(c).

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Increased Cost Lender as defined in Section 2.19.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Increased-Cost Lenders as defined in Section 2.23.

  • Delinquent Lender has the meaning provided in SECTION 8.15.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • Qualified Lender means a lender approved by the federal department of housing and urban development to enter into a loan insured by the federal government under 12 USC 1715z−20.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.