Significant Borrower definition

Significant Borrower means any Political Subdivision whose outstanding aggregate principal amount of bonds issued by such Political Subdivision and held, on and after April 1, 2019, in the Portfolio Account comprises at least twenty percent (20%) in aggregate principal amount of all Political Subdivision Obligations held in the Portfolio Account.
Sample 1
Significant Borrower means any Political Subdivision whose outstanding aggregate principal amount of bonds issued by such Political Subdivision and held in the Portfolio Account comprises at least twenty percent (20%) in aggregate principal amount of all Political Subdivision Bonds held in the CWSRF Portfolio Account or the DWSRF Portfolio Account, as the case may be.
Sample 1Sample 2Sample 3
Significant Borrower means any Political Subdivision whose outstanding aggregate Political Subdivision Obligations with a common security pledged to the payment thereof issued or incurred by such Political Subdivision and held, on and after April 1, 2024, in the Portfolio Account comprises at least twenty percent (20%) in aggregate principal amount of all Political Subdivision Obligations held in the Portfolio Account.
Sample 1

Examples of Significant Borrower in a sentence

  • The Audit Committee shall consider the Significant Borrower transaction in accordance with the Procedures pertaining to related party transactions set forth in the related party transaction policy (attached in Addendum A).

  • The Audit Committee shall review, for each Significant Borrower transaction origination, a Closing Memorandum which describes the proposed transaction, the proposed loan or investment request (including amount, term and interest rate), proposed collateral, project overview, engineering due diligence and exit strategy analysis.

  • According to NARUC, if ETCs are unable to invest in the technologies required to provide the ever increasing minimum broadband standards, they may be forced to relinquish their ETC designations.

  • She reported that a Certificate of Disclosure is ready for execution by the Authority as a Significant Borrower within the portfolio account for the TWDB’s Series 2020 Bonds.

  • Annual Financial Information and Significant Borrower Annual Financial Information may each be provided in one document or multipledocuments, and at one time or in part from time to time, and may be provided by delivery of an official statement which includes such information.

  • If not provided as part of Annual Financial Information by the date required by Section 2.3(a) hereof, the State Water Board and any Significant Borrower, as applicable, shall provide to the Dissemination Agent the Audited Financial Statements, when and if available, to the MSRB.

  • It shall be sufficient for purposes of Sections 2.2 and 2.5 hereof if the State Water Board provides Annual Financial Information or Significant Borrower Annual Financial Information by specific reference to documents (i) available to the public on the MSRB Internet Web site (currently, www.emma.msrb.org) or (ii) filed with the SEC.

  • Significant Borrower - For any year ending June 30, any borrower with Loans pledged to the payment of debt service, in aggregate, constitute twenty percent (20%) or more of the principal outstanding amount of all pledged Loans.

  • Significant Borrower Redefaults Hurt both Lenders and Homeowners Modification does not always work.


More Definitions of Significant Borrower

Significant Borrower in respect of a company, means –
Sample 1
Significant Borrower means (i) a natural person who has indebtedness for money borrowed from CIBC or a CIBC subsidiary, other than a loan secured by a mortgage on the person’s principal residence, the total principal of which exceeds 1/50 of 1% of CIBC’s regulatory capital; or (ii) an entity that has indebtedness for money borrowed from CIBC or a CIBC subsidiary, the total principal of which exceeds the greater of 1/20th of 1% of CIBC’s regulatory capital and 25% of the value of the entity’s assets.
Sample 1
Significant Borrower means a Recipient under Pledged Project Obligations that have an aggregate unpaid principal amount equal to or greater than twenty percent (20%) of the aggregate unpaid principal amount of all Pledged Project Obligations.
Sample 1
Significant Borrower means, with respect to a Bond Indenture, any Political Subdivision whose outstanding aggregate principal amount of Political Subdivision Obligations issued by such Political Subdivision and held, on and after April 1, 2017, in the related Portfolio Account comprises at least twenty percent (20%) in aggregate principal amount of all Political Subdivision Obligations held in such Portfolio Account.
Sample 1
Significant Borrower. ’ means (i) a natural person who has indebtedness for money borrowed from the Bank or an affiliate of the Bank, other than a loan secured by a mortgage on the person’s principal residence, the total principal of which exceeds the greater of $200,000 and 1/50 of 1% of the Bank’s regulatory capital ($15.165 billion at October 31, 2003) or (ii) an entity that has indebtedness for money borrowed from the bank or from an affiliate of the Bank the total principal of which exceeds the greater of $500,000, 1/20 of 1% of the Bank’s regulatory capital ($15.165 billion at October 31, 2003) and 25% of the value of the assets of the entity.
Sample 1
Significant Borrower means any Political Subdivision whose outstanding aggregate principal amount of bonds issued by such Political Subdivision and held, on and after April 1,
Sample 1

Related to Significant Borrower

  • Parent Borrower as defined in the preamble hereto.

  • Borrower as defined in the preamble hereto.

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

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

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

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

  • UK Borrower means any Borrower that is incorporated in the United Kingdom.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • 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.

  • 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.

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Borrower Agent as defined in Section 4.4.

  • 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.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.