Syndicator definition

Syndicator means an entity that serves as an intermediary in the purchase of Low-Income Housing Tax Credits, assisting Investors in the sourcing, underwriting, and asset management of LIHTC Projects.
View Source
Syndicator shall have the meaning set forth in Section 1.2(b).
View Source

Examples of Syndicator in a sentence

  • During the THDA Cure Period, Syndicator shall not exercise any remedies it may have under the Syndication Agreement.

  • If a default occurs under the THDA Loan Documents, THDA shall notify the Senior Lender and Syndicator in writing within five (5) business days of THDA’s knowledge of the default, which notice shall specify the nature of the default.

  • If Borrower cures the default, Senior Lender and/or Syndicator shall promptly notify THDA of the cure.

  • By executing this Agreement, Syndicator is not assuming any responsibility to oversee Borrower’s application of any advances made to Borrower.

  • If, however, there is a default under the Syndication Agreement, which default has not been cured by Borrower within any applicable cure period or by THDA pursuant to Section 11(b) of this Agreement, Syndicator may amend, modify, renew, or extend the provisions of the Syndication Agreement without any notice to or consent from THDA.

  • Syndicator warrants that Exhibit M is a true, correct, and complete copy of the Syndication Agreement and there is currently no default under the Syndication Agreement and no event has occurred, which with the giving of notice or the passage of time, would be such a default.

  • During the Senior Lender/Syndicator Cure Period, Senior Lender and/or Syndicator shall have the right (but not the obligation) to cure Borrower’s default without meeting any requirements as to the assumption of the THDA Note.

  • Apart from specific information or notices that must be given to THDA or Senior Lender under this Agreement, the Syndicator is not required to notify THDA or Senior Lender of its dealings with Borrower, Borrower’s financial status, or any other information relating to Borrower.

  • By executing this Agreement, Syndicator is not approving the terms of either Lender’s Loan Documents, and, apart from Section 6, nothing in this Agreement limits the right of the Syndicator or Borrower to negotiate regarding the terms of the Syndication Agreement.

  • If the default is a non-monetary default that Senior Lender or Syndicator is incapable of curing (such as a bankruptcy, the insolvency of Borrower, or an assignment for the benefit of creditors by Borrower), Senior Lender and Syndicator shall have the right to pay the THDA Loan in full in accordance with the terms of the THDA Loan Documents and obtain the release of the Property and Collateral from any lien or security interest or title created under the THDA Loan Documents.