Qualified Borrower definition

Qualified Borrower has the meaning provided in Section 6.3.

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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 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.

Examples of Qualified Borrower in a sentence

The covenants and agreements of Qualified Borrowers hereunder shall be binding and effective with respect to a Qualified Borrower upon and after the execution and delivery of a Qualified Borrower Note by such Qualified Borrower.
For avoidance of doubt, (a) custodial arrangements with respect to assets of the Initial Borrower and the Initial Qualified Borrower required by the Investment Company Act and (b) Liens granted on assets of Credit Parties not constituting Collateral or the General Partner’s interest in any Credit Party are permitted and shall not require approval of the Lenders.
Each Lender Party recognizes and agrees that the Administrative Agent shall not be required to determine independently whether the conditions described in Section 6.2(a) or (b) have been satisfied and, when the Administrative Agent disburses funds to Borrower Parties or the Letter of Credit Issuer causes Letters of Credit to be issued or accepts any Qualified Borrower Guaranties, it may rely fully upon statements contained in the relevant requests by a Borrower Affiliate Party.
The Administrative Agent shall have received such other information and documents in respect of such Qualified Borrower Applicant as may be reasonably required by the Administrative Agent and its counsel.
Notwithstanding any withdrawal by an Additional Borrower or Qualified Borrower, such Additional Borrower or Qualified Borrower shall remain liable for any amounts due to the Secured Parties pursuant to Sections 4 and 12.5 hereof from such Additional Borrower or Qualified Borrower, which provisions shall survive any withdrawal by an Additional Borrower or Qualified Borrower and the termination of this Credit Agreement.

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

Qualified Borrower means an individual or family who

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

Qualified Borrower means any government unit, public or private nonprofit entity approved by the department that is authorized to construct, operate, or own a qualified project and receives financing assistance pursuant to this section.

Qualified Borrower means any governmental unit or private enterprise which is authorized to construct, operate or own a qualified project;