Disaster Relief Borrower definition

Disaster Relief Borrower means an eligible Borrower located in a Disaster Area that has received a commitment for a Loan, or has prepared an Application. To be an eligible Disaster Relief Borrower, the Borrower must (a) have suffered Significant Actual Physical Damage to real or personal property and/or have suffered Significant Economic Injury, as a result of a disaster in a Disaster Area, and (b) be a “Small Business” as defined in part 121 of chapter 1 of title 13 of the Code of Federal Regulations, as amended, including, but not limited to a “Small Business” that is a Farm Enterprise, an Agriculture-Related Enterprise, and/or a Nursery Enterprise.
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Disaster Relief Borrower means an eligible Borrower located in a Disaster Area that has received a commitment for a Loan or has prepared an Application. To be an eligible Disaster Relief Borrower, the Borrower must (a) have suffered Significant Actual Physical Damage to real or personal property and/or have suffered Significant Economic Injury, as a result of a disaster in a Disaster Area, and (b) be a small business with 750 or fewer employees; a Farm Enterprise; or a non-profit public benefit organization or social welfare organization that has received and maintains tax exempt status under the IRS code 501(c)3 or 501(c)4.
Sample 1
Disaster Relief Borrower means an eligible Borrower located in a Disaster Area that has received a commitment for a Loan, or has prepared an Application. To be an eligible Disaster Relief Borrower, the Borrower must (a) have suffered Significant Actual Physical Damage to real or personal property and/or have suffered Significant Economic Injury, as a result of a disaster in a Disaster Area, and (b) be a “Small Business” as defined in part 121 of chapter 1 of title 13 of the Code of Federal Regulations, as amended, including, but not limited to a “Small Business” that is a Farm Enterprise, an Agriculture-Related Enterprise, and/or a Nursery Enterprise.small business with 750 or fewer employees; a Farm Enterprise; or a non-profit public benefit organization or social welfare organization that has received and maintains tax exempt status under the IRS code 501(c)3 or 501(c)4.
Sample 1

Examples of Disaster Relief Borrower in a sentence

  • The Disaster Relief Borrower has demonstrated a reasonable prospect of repayment.

  • The Loan to the Disaster Relief Borrower will be used exclusively in California.

  • A Loan to a Disaster Relief Borrower shall not exceed the aggregate sum of (1) the estimated fair market value replacement or repair cost of any Significant Actual Physical Damage, and (2) the estimated monetary loss suffered by a Disaster Relief Borrower as a result of Significant Economic Injury.

  • Prior to issuing any Collection Guarantee in connection with a Loan to a Disaster Relief Borrower, the Corporation shall confirm that, in its reasonable opinion, the Loan does not exceed the amount set forth in Section 5030(d).

  • The Loan to the Disaster Relief Borrower qualifies as a loan to a “Small Business” (as defined in part 121 of chapter 1 of title 13 of the Code of Federal Regulations, as amended).

  • The Disaster Relief Borrower cannot obtain a loan without some form of credit enhancement.

  • A Collection Guarantee under the Disaster Relief Program shall be for a Loan to a Disaster Relief Borrower, the sole purpose of which is to provide financing to enable the Disaster Relief Borrower to recover from (1) Significant Actual Physical Damage to real or personal property, and/or (2) Significant Economic Injury.

  • ACollection Loan Guarantee under the Disaster Relief Program shall be for a Loan to a Disaster Relief Borrower, the sole purpose of which is to provide financing to enable the Disaster Relief Borrower to recover from (1) Significant Actual Physical Damage to real or personal property, and/or (2) Significant Economic Injury.

  • The study included an analysis of AM and PM peak-hour traffic conditions for two unsignalized intersections and two freeway segments.

  • Prior to issuing any Loan Guarantee in connection with a Loan to a Disaster Relief Borrower, the Corporation shall confirm that, in its reasonable opinion, the Loan does not exceed the amount set forth in Section 5030(d).

Related to Disaster Relief Borrower

  • Borrower Related Party As defined in Section 3.33 of this Agreement.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 24 (Changes to the Obligors).

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, and a May 19, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 9, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from June 2, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before June 2, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from June 2, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before June 2, 2000, to the Waiver Termination Date, provided that:

  • means Borrower s forecasted consolidated and consolidating: (a) balance sheets; (b) profit and loss statements; (c) cash flow statements; and (d) capitalization statements, all prepared on a Subsidiary by Subsidiary or division-by-division basis, if applicable, and otherwise consistent with the historical Financial Statements of the Borrower, together with appropriate supporting details and a statement of underlying assumptions.

  • Solvency II means the Solvency II Directive and any additional measures adopted to give effect to the Solvency II Directive (for the avoidance of doubt, whether implemented by way of a regulation (including, without limitation, the Level 2 Regulations), a directive, application of relevant EIOPA guidelines or otherwise);

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Initial Borrower has the meaning set forth in the preamble hereto.

  • Borrower as defined in the preamble hereto.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Loan Party means the Borrower and each Guarantor.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Health care facility or "facility" means hospices licensed

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Parent Borrower as defined in the preamble hereto.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.