Subordinate Lenders definition

Subordinate Lenders has the meaning ascribed thereto in Section 3.01(k);

Subordinate Lenders means, the Seller with respect to the Seller Loan, and the foregoing is a “Subordinate Lender.”

Subordinate Lenders means, collectively, the Issuer with respect to the Issuer Loan, and the Seller with respect to the Seller Loan, and each of the foregoing is a “Subordinate Lender.”

Examples of Subordinate Lenders in a sentence

• The Subordinate Loan Documents are in full force and effect and the Borrower has paid all commitment fees and other amounts due and payable to the Subordinate Lender(s) thereunder.

• Consent of the HC Equity Provider and Subordinate Lender(s), where applicable.

• If the Subordinate Lender fails to deliver the Exercise Notice to the Senior Lender within such ten (10) Business Day period, the Subordinate Lender shall be deemed to have elected not to exercise the Purchase Option with respect to the applicable Default Notice, provided that such election shall not prejudice the Subordinate Lender's right to exercise the Purchase Option in the event of the delivery of any subsequent Default Notices.

• In advance of submission of a draw request that includes a Contractor's Requisition, Borrower shall schedule a Project inspection (each, a "Progress Inspection") to be attended by the Contractor and HUD's inspecting architect (the "HUD Architect"), and shall provide notice to the Subordinate Lenders, the Tax Credit Investor, and HUD Mortgagee (in writing) at least three business days in advance of each Progress Inspection.

• HUD Mortgagee and/or Subordinate Lenders, at Borrower's direction, shall make the required Collateral Payments to permit the Trustee to disburse Bond Proceeds to be applied in accordance with the approved Disbursement Request at Initial Closing.

More Definitions of Subordinate Lenders

Subordinate Lenders means, collectively, the lenders of the Subordinate Debt, each being referred to as a “Subordinate Lender,” as the context may require.

Subordinate Lenders. – means, individually or collectively as the context

Subordinate Lenders means the entities making the Subordinate Loans.

Subordinate Lenders means WOF, Xxxxxx, Xxxxx and White collectively;

Subordinate Lenders means those lenders from time to time party to the

Subordinate Lenders means, collectively, the Seller with respect to the Seller Loan and the City with respect to the City Loan, and each of the foregoing is a “Subordinate Lender.”

Subordinate Lenders means the County, the City, Sponsor and any other subordinate lender now or hereafter approved by Bondowner Representative.