Eligible Borrower. Any policeman or fireman (see attached definition) included in the membership of the retirement system who at the time of application is employed by the State of New Jersey, county, municipality or other political subdivision with at least one year creditable service. Employee eligibility will be documented with the Verification of Employment (VOE). Employers will be required to sign an eligibility certification on the VOE.
Eligible Borrower. Borrower is an Eligible Borrower.
Eligible Borrower. Borrower represents and warrants to Lender that Borrower is an Eligible Borrower (as that term is defined under the Facility), and that the Borrower:
Eligible Borrower. Borrower is an eligible recipient of this Loan under the SBA Paycheck Protection Program of the CARES Act. Borrower certifies that the Average Monthly Payroll amount set forth in Borrower’s application made in connection with this Loan is true and correct. Borrower further certifies that Borrower is entitled to receive the amount of the Loan pursuant to the terms and conditions of the SBA Paycheck Protection Program. Borrower acknowledges and agrees that all rules and regulations applicable to the SBA Paycheck Protection Program, as such may be amended, apply to the Loan. Borrower agrees to deliver all certifications, documents, information and agreement the SBA or Lender may require in connection with the Paycheck Protection Program. Borrower understands that Lender is relying on Borrower’s certifications made in connection with this Loan and Borrower’s determination that Borrower is eligible to receive this Loan. Lender assumes no responsibility for determining Borrower’s eligibility or the loan amount. If it is later determined that Borrower is ineligible to receive this Loan or Borrower is not entitled to receive the loan amount, Borrower and its owners may be subject to penalties under the SBA Paycheck Protection Program. Borrower and its owners agree to hold Lender harmless for any certification made by Borrower or an owner in connection with this Loan that is determined to be incorrect or for any remedial action taken as a result of such certifications that are incorrect. Binding Effect. This Agreement, the Note, and all Related Documents are binding upon the signers thereof, as well as upon their successors, representatives and assigns, and are legally enforceable in accordance with their respective terms.
Eligible Borrower. The borrower must satisfy all of (a)-( d) below:
Eligible Borrower. Renovation Borrower must be an individual (for-profit or non-profit investors and local government agencies are not eligible borrowers). PROPERTY VALUATION/APPRAISAL REQUIREMENTS Required Appraisal Type Lender must obtain an “as-completed” full appraisal. Determination of Property Value • Property value for purposes of loan delivery and for determining LTV/CLTV/HCLTV shall be the lesser of: • the “as completed” appraised value; or • the sum of the sales price of the property as evidenced by the sales contract between Xxxxxx Mae and the buyer/borrower (“Contract Sales Price”) and the total renovation costs (which include the renovation costs and all allowable fees and charges). RENOVATION REQUIREMENTS
Eligible Borrower. For purposes of this Article 6, Eligible Borrower means a Participant who is an Employee and who is currently employed by the Participating Employer at the time the request for a loan is made. * * * * End of Article 6 * * * *
Eligible Borrower. 2.1.1 assumes all the rights and benefits contained in the Issuer/Borrower Facility Agreement and undertakes, upon it becoming a Borrower, to perform all the obligations expressed to be undertaken under the Issuer/Borrower Facility Agreement by a Borrower (including, the covenants set out in Clauses 15 (Financial Information), 16 (Financial Covenants)and 17 (Other Covenants of the Obligors);
Eligible Borrower. The Borrower (a) is a Qualified Steel Company, as that term is defined in the 13 C.F.R. Part 400, for which (i) credit is not otherwise available to it under reasonable terms and conditions sufficient to meet its financing needs, as reflected in the financial and business plans of the Borrower; and (ii) the prospective earning power of the Borrower, together with the character and value of the Collateral, furnish reasonable prospects for repayment of the Term Loans; and (b) has experienced layoffs, production losses or financial losses between January 1, 1998, and January 31, 2000, which losses can be demonstrated as a comparison between employment, production, or net income existing on January 1, 1998 and January 31, 2000.
Eligible Borrower. The Borrower is an "eligible borrower" within the meaning of the Act and the Regulations, it does not have any outstanding delinquent Federal debt (including tax liabilities and after giving effect to any settlement and compromises reached in the Bankruptcy Cases and distributions made or to be made on account of such claims), and the Application, the Loan and the transactions contemplated hereby (assuming that each of the Primary Tranche A Lender, the Alternate Tranche A Lender and the Tranche B Lenders is an Eligible Lender) comply with the requirements of the Act and the Regulations.
