Qualified Lender definition

Qualified Lender means a lender approved by the Director of Transportation to finance the transfer of Medallions under the former Taxi Medallion Sales Pilot Program or the Taxi Medallion Transfer Program.

Qualified Lender means a lender approved by the federal department of housing and urban development to enter into a loan insured by the federal government under 12 USC 1715z−20.

Qualified Lender means any recognized third party institutional lender, such as any federally insured commercial or savings bank, national banking association, savings and loan association, investment banking firm, commercial finance company and other similar lending institution that is a holder of a Secured Loan that is a Qualified Loan.

Examples of Qualified Lender in a sentence

• If the Qualified Lender intends to foreclose on the security interest, the qualified Lender shall notify the SFMTA without delay once the Qualified Lender determines the date on which it intends to foreclose.

• At the request of a Qualified Lender who has complied with the requirements of Section 1116(l) of this Article, the SFMTA will deduct from the payment made to any Medallion Holder under this Section 1116(d)(3) an amount sufficient to satisfy any outstanding balance on a loan made by the Qualified Lender and secured by an interest in the Medallion, and shall immediately remit that amount to the Qualified Lender.

• If the SFMTA determines that a lender has failed to meet or maintain the requirements to be a Qualified Lender, the SFMTA shall deny the application to become a Qualified Lender or suspend or revoke the lender's current status as a Qualified Lender.

• A Qualified Lender shall not assign, sell or otherwise transfer the Qualified Lender's rights under the loan agreement and ancillary documents with respect to more than 90% of the original loan balance without the express, written consent of the Director of Transportation.

• If the Transferee defaults under the agreement with the Qualified Lender beyond any applicable notice and cure period, notwithstanding any other provisions herein to the contrary, the Qualified Lender may foreclose upon its security interest and possess the foreclosed, Transferable Medallion as an owner of the Transferable Medallion with full right, title, and interest thereto, except that Lender shall not be permitted to operate the Medallion.

More Definitions of Qualified Lender

Qualified Lender means a mortgage lender who is capable of funding the Buyer's contemplated mortgage loan and who, in the sole opinion of Xxxxxx, performs its functions in a timely manner.

Qualified Lender means (i) Citi, (ii) any Affiliate of Citi, (iii) JPMorgan, (iv) any Affiliate of JPMorgan, (v) Barclays, (vi) any Affiliate of Barclays, (vii) CF, (viii) any Affiliate of CF, or (ix) one or more of the following (in each of clauses (i) through (ix), either acting (1) for itself or (2) as agent for itself and other lenders, provided that at least fifty percent (50%) of such lenders pursuant to this clause (2) are Qualified Lenders):

Qualified Lender means a financial institution or other business engaged in the business of financing Projects and that has signed a Qualified Lender Agreement.

Qualified Lender means a lender that:

Qualified Lender means, a Lender providing an accurate representation in its Assignment and Assumption (or, for Lenders that were Lenders prior to the First Lien Amendment No. 2 Effective Date, a Lender that has delivered valid withholding forms and documentation prior to the First Lien Amendment No. 2 Effective Date establishing) that such Lender would be entitled to a full exemption from U.S. federal withholding tax with respect to payments of interest under this Agreement (if such interest were treated as from sources within the United States under Section 861 of the Code) as of (A) the Closing Date (or as of the Delayed Draw Funding Date or the date of assignment pursuant to Section 10.07(b) in the case of a Lender that is not a Lender immediately prior to the Delayed Draw Funding Date or the date of such assignment, as applicable) with respect to the Loans other than the 2015-1 Term Loans, (B) the First Lien Amendment No. 2 Effective Date (or the date of assignment pursuant to Section 10.07(b) in the case of a Lender that is not a Lender immediately prior to the date of such assignment) with respect to the 2015-1 Term Loans (other than 2015-2 Incremental Term Loans) or (C) the First Lien Amendment No. 3 Effective Date (or the date of assignment pursuant to Section 10.07(b) in the case of a Lender that is not a Lender immediately prior to the date of such assignment) with respect to the 2015-2 Incremental Term Loans.

Qualified Lender means any Holder, from time to time, of any ---------------- Qualified Loan with respect to which Management Company has received a written notice (pursuant to Section 20.09 of this Agreement) stating: (i) the name and address of such Holder; and (ii) that such Holder is a "Qualified Lender" pursuant to the terms of this Agreement.

Qualified Lender. A Person that is a “qualified purchaser” as defined in Section 2(a)(51) of the 1940 Act, and the rules promulgated thereunder and that is not: (a) a broker dealer which owns and invests on a discretionary basis less than U.S.$25 million in securities of unaffiliated issuers; (b) a participant-directed employee plan, such as a 401(k) plan, or a trust fund holding the assets of such plan; (c) an entity formed, reformed or recapitalized for the purpose of investing in the Notes and/or other securities of the Borrower; (d) an investment company excepted from the 1940 Act pursuant to Section 3(c)(1) or Section 3(c)(7) thereof (or a foreign investment company under Section 7(d) thereof relying on Section 3(c)(1) or 3(c)(7) with respect to its beneficial owners that are U.S. persons), which was formed on or before April 30, 1996, unless it has received the consent of its beneficial owners who acquired their interests on or before April 30, 1996, with respect to its treatment as a “qualified purchaser” in the manner required by Section 2(a)(51)(C) of the 1940 Act and the rules promulgated thereunder; (e) a (i) partnership; (ii) common trust fund; or (iii) special trust, pension fund or profit sharing or retirement plan, or other entity, in which the partners, beneficiaries, beneficial owners, participants or other equity owners, as the case may be, may designate the particular investments to be made, or the allocation thereof; or (f) an entity that has invested more than 40% of its assets in the Notes (or beneficial interests therein) and/or other securities of the Borrower after giving effect to the purchase of the Notes (or beneficial interests therein).