Conduit Borrower definition

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Conduit Borrower means the obligor on a purpose investment.

Conduit Borrower means an entity which is designated as a Conduit Borrower on Schedule I hereto, which entity will fund its Loans hereunder by borrowing from a specified financing conduit.

Examples of Conduit Borrower in a sentence

If there is only one Impacted Conduit, Borrower shall have the right to require the members of the Group including such Impacted Conduit to assign their respective positions to another multi-seller commercial paper conduit that will not be an Impacted Conduit and its liquidity providers, and such Impacted Conduit agrees to enter into such assignment.
The Conduit Borrower covenants that throughout the term of the Loan Agreement and the Credit Agreement, to use reasonable efforts to operate its facilities in a manner which shall permit it to meet all of its obligations under the Financing Documents to which it is a party.
This Agreement shall inure to the benefit of and be binding upon the Bond Issuer, the Conduit Borrower and the Administrative Agent and their respective successors and assigns.
All representations, warranties and agreements of the Bond Issuer and the Conduit Borrower set forth herein or made pursuant to this Agreement shall, unless waived in writing by the Administrative Agent, remain operative and in full force and effect, regardless of any investigations made by or on behalf of the Administrative Agent or its counsel and shall survive delivery of and payment for the Bonds.
The Conduit Borrower shall not be liable for any settlement of any such action effected without its consent, but if settled with the consent of the Conduit Borrower or if there be a final judgment for the plaintiff in any such action, the Conduit Borrower agrees to indemnify and hold harmless the Indemnified Parties from and against any loss, damage, liability or expense incurred or suffered by reason of such settlement or judgment.
As to various questions of fact material to our opinion, we have relied upon the representations made in the Conduit Borrower Financing Documents and upon certificates of officers of the Conduit Borrower.
The Conduit Borrower Financing Documents to which the Conduit Borrower is a party constitute legal, valid and binding obligations of the Conduit Borrower enforceable against it in accordance with the terms of such instruments.
By proper action of its governing body, the Conduit Borrower has duly authorized the execution and delivery of the Conduit Borrower Financing Documents to which it is a party, and the consummation of the transactions contemplated by such Conduit Borrower Financing Documents.
The Conduit Borrower is duly qualified to transact business and is in good standing as a foreign corporation in the State of Mississippi.
At any time while TPF is not a Pool-Funded Conduit, Borrower may from time to time (after consultation with the TPF Agent) request specific maturity dates for the Related Commercial Paper.

More Definitions of Conduit Borrower

Conduit Borrower means the party that receives the proceeds from bond issuance and that is obligated for payment of all amounts associated with the debt obligation (debt service payments on the bonds).

Conduit Borrower means each entity who is a borrower or beneficiary of proceeds of any of the County’s Tax- Exempt Bonds.

Conduit Borrower means the County or such other governmental entity that is not related to or controlled by the Issuer and which receives proceeds and is required to pay principal and interest on a Tax-Advantaged Bond issue.

Conduit Borrower means each entity who is a borrower or beneficiary of proceeds of any of the Issuer’s Tax-Exempt Bonds. June 23, 2015 (Continued)

Conduit Borrower means an entity which is designated as a Conduit Borrower on the signature pages hereto or in the Transfer Supplement or Joinder Supplement pursuant to which it became a party to this Agreement, which entity will fund its purchases of Class A-2 Notes hereunder by borrowing from a specified financing conduit. "CP Conduit" shall mean any Class A-2 Purchaser which is designated as a CP Conduit on the signature pages hereto or in the Transfer Supplement or Joinder Supplement pursuant to which it became a party to this Agreement; provided, however, that if the entity signing this Agreement or such Transfer Supplement or Joinder Supplement specifies on the related signature page that it is a Conduit Borrower with respect to a financing conduit identified on such signature page, then, with respect to such Class A-2 Purchaser, "CP Conduit" shall mean, collectively, such Conduit Borrower and such specified financing conduit.