Qualified Borrower definition

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.

Qualified Borrower means any entity, which entity may be organized in the United States or outside of the United States, in which Borrower owns a direct or indirect ownership interest or through which Borrower will acquire an investment, the indebtedness of which entity can be guaranteed by Borrower pursuant to the terms of the Operating Agreement, and which entity has executed and delivered this Credit Agreement on the Closing Date or a Joinder Agreement and in respect of which entity Borrower has guaranteed the Obligations thereof pursuant to Section 6.

Qualified Borrower has the meaning provided in Section 6.3.

Examples of Qualified Borrower in a sentence

• Unless otherwise approved in accordance with the terms of this Credit Agreement (which approval, by such terms, may require more or fewer Lenders than the Required Lenders), each of the Loan Parties shall, and shall cause each Qualified Borrower to, promptly comply with any and all covenants and provisions of this Credit Agreement, the Notes, and all of the other Loan Documents executed by or applicable to it and its Governing Agreements.

• The Borrowers shall, or shall cause the applicable Qualified Borrower to, pay such Lender, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

• Each emailed notice by any Borrower pursuant to this Section 2.03(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrowers (and each Loan Notice submitted by a Qualified Borrower must be countersigned by a Responsible USActive 60330059.19 -45- Officer of the Borrowers), unless otherwise agreed by the Administrative Agent.

• Administrative Agent may conclusively rely on Lenders as to the amount due to Lenders under any Qualified Borrower Note or Borrower Guaranty.

• When a Borrowing is disbursed by wire transfer pursuant to instructions received from the applicable Borrower or applicable Qualified Borrower, then such Borrowing shall be considered made at the time of the transmission of the wire, in accordance with the Loan Notice, rather than the time of receipt thereof by the receiving bank.

More Definitions of Qualified Borrower

Qualified Borrower means any government unit or private entity which is authorized to construct, operate, or own a qualified project.

Qualified Borrower is defined in Section 2.9(a).

Qualified Borrower means an individual or family who

Qualified Borrower means any eligible entity which is authorized to construct, operate, or own a qualified project.

Qualified Borrower means an individual meeting all of the following requirements:

Qualified Borrower means a foreign or domestic limited partnership, limited liability company or other business entity duly organized under the laws of its jurisdiction of formation of which the Borrower (or a Person that is owned and controlled by the Borrower) is the sole general partner or managing member, the Indebtedness of which, in all cases, can be guaranteed by the Borrower pursuant to the provisions of the Borrower's Agreement of Limited Partnership.

Qualified Borrower means DDRPR and any other Wholly-Owned Subsidiary of Borrower which has complied with the requirements set forth in Section 2.1 for being a Borrower hereunder, the Indebtedness of which, in all cases, shall be guaranteed by DDR and each Subsidiary Guarantor.