Secondary Borrower definition

Secondary Borrower means an entity that has made application to the Eligible CDFI for a Secondary Loan, been deemed creditworthy by the Eligible CDFI, meets the criteria set forth in the applicable Secondary Loan Requirements to receive a Secondary Loan, and has received a Secondary Loan.
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Secondary Borrower means an entity that has made application to the Eligible CDFI for a Secondary Loan, been deemed creditworthy by the Eligible CDFI, meets the criteria set forth in the applicable Secondary Loan Requirements to receive a Secondary Loan, and has received a Secondary Loan;
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Secondary Borrower means an entity that has received a Secondary Loan as defined in section 1.1 of the CDFI Bond Guarantee Program Bond Loan Agreement.
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Examples of Secondary Borrower in a sentence

  • In the event that GMP wishes to act as the organizing institution for a traveling exhibition that includes the Property and that will entail GMP loaning the Property to other institutions (“Secondary Borrowers”), GMP may do so, provided that the loan of the Property from GMP to the Secondary Borrower must be subject to, and compatible with, the terms of this Agreement.

  • GMP shall remain responsible and obligated under this Agreement regardless of the existence of any Secondary Borrower, and Lender’s recourse to GMP shall remain unaffected.

  • Traveling Exhibitions In the event that GMP wishes to act as the organizing institution for a traveling exhibition that includes the Property and that will entail GMP loaning the Property to other institutions (“Secondary Borrowers”), GMP may do so, provided that the loan of the Property from GMP to the Secondary Borrower must be subject to, and compatible with, the terms of this Agreement.

  • Lender will receive a certificate of insurance from each Secondary Borrower.

  • In connection with the making of Secondary Loans for Eligible Purposes, the Qualified Issuer shall direct the Eligible CDFI to provide to the Qualified Issuer the Secondary Loan application submitted to the Eligible CDFI demonstrating that the Secondary Borrower has been deemed creditworthy and meets the criteria set forth in the applicable Secondary Loan Requirements to receive a Secondary Loan.

  • Disbursements of Secondary Loan proceeds to the Secondary Borrower shall be made pursuant to a requisition process established by the Qualified Issuer and the CDFI Fund and shall mirror the requirements for the disbursement of Bond Proceeds.

  • GMP shall remain responsible and obligated under this Agreement regardless of the existence of any Secondary Borrower, and Xxxxxx’s recourse to GMP shall remain unaffected.

  • The Secondary Borrower shall adhere to the following Federal construction standards: (a) accessibility; (b) environmental impact; (c) safety; (d) historical preservation; (e) seismic activity; (f) metrification; and (g) wages.

  • The Borrower shall cause the Secondary Borrower to ensure compliance with Executive Order 12699, Seismic Safety of Federal and Federally Assisted or Regulated New Building Construction.

  • The Secondary Borrower shall comply with Executive Order 12699, Seismic Safety of Federal and Federally Assisted or Regulated New Building Construction.

Related to Secondary Borrower

  • 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.

  • Subsidiary Borrowers means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Foreign Borrower has the meaning specified in the introductory paragraph hereto.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Canadian Borrower as defined in the preamble hereto.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Dutch Borrower means any Borrower that is organized under the laws of the Netherlands.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

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

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

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Authorized Borrower Representative means a person at the time designated and authorized to act on behalf of the Borrower by a written certificate furnished to the Governmental Lender, the Funding Lender, the Fiscal Agent and the Servicer and containing the specimen signature of such person and signed on behalf of the Borrower by its Borrower Controlling Entity which certificate may designate one or more alternates.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Swiss Borrower means a Borrower incorporated, or for tax purposes resident, in Switzerland.

  • Canadian Loan Party means any Loan Party incorporated or otherwise organized under the laws of Canada or any province or territory thereof.