Conduit Borrower definition

Conduit Borrower means an entity which is designated as a Conduit Borrower on the signature pages hereto or in the Transfer Supplement or Joinder Supplement pursuant to which it became a party to this Agreement, which entity will fund its purchases of Class B Notes hereunder by borrowing from a specified financing conduit.
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Conduit Borrower means the obligor on a purpose investment.
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Conduit Borrower means an entity which is designated as a Conduit Borrower on Schedule I hereto, which entity will fund its Loans hereunder by borrowing from a specified financing conduit.
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Examples of Conduit Borrower in a sentence

  • In subsequent years, Agency draws, and the Conduit Borrower uses, the remaining amounts availableunder the issue to construct the building.

  • All representations, warranties and agreements of the Bond Issuer and the Conduit Borrower set forth herein or made pursuant to this Agreement shall, unless waived in writing by the Administrative Agent, remain operative and in full force and effect, regardless of any investigations made by or on behalf of the Administrative Agent or its counsel and shall survive delivery of and payment for the Bonds.

  • For many years the site was utilised as a mushroom farm (an agricultural use).

  • In 2020, Agency borrowed pursuant to a draw-down loan that qualifies as an issue of exempt facility bonds (the Loan), and the proceeds of the Loan are to be used by the Conduit Borrower to construct the building.

  • This Agreement shall inure to the benefit of and be binding upon the Bond Issuer, the Conduit Borrower and the Administrative Agent and their respective successors and assigns.

  • Taxpayer X (Conduit Borrower1) andAgency entered into an agreement that Agency would provide exempt facility bond financing to the Conduit Borrower to construct a new building for a qualified residential rental project.

  • At any time while TPF is not a Pool-Funded Conduit, Borrower may from time to time (after consultation with the TPF Agent) request specific maturity dates for the Related Commercial Paper.

  • Since the Conduit Borrower is primarily responsible for the expenditure and investment of the Issuer’s Tax-Advantaged Bonds and the use of the Financed Assets and the Project Facility, this Compliance Policy provides that the Conduit User will assume substantially all obligations related to post-issuance tax compliance for the Issuer’s Tax-Advantaged Bonds issued for its benefit.

  • The Issuer’s PICO will establish to his or her satisfaction that pursuant to the Tax Closing Documentation for each issue, each Conduit Borrower of proceeds of an issue of Tax-Exempt Bonds will be delegated primary post-issuance compliance responsibilities and that any Issuer expenses relating to the performance post-issuance compliance responsibilities will be paid by the conduit borrower.

  • It sets out details of the proposal and argues that the proposal complies with various policy statements and guidelines with regard to national policy development plan policy and various ministerial guidelines.


More Definitions of Conduit Borrower

Conduit Borrower means each entity who is a borrower or beneficiary of proceeds of any of the Issuer’s Tax-Exempt Bonds. June 23, 2015 (Continued)Antelope County Board of Supervisors Neligh, Nebraska
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Conduit Borrower means each entity who is a borrower or beneficiary of proceeds of any of the County’s Tax- Exempt Bonds.
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Conduit Borrower means an entity which is designated as a Conduit Borrower on the signature pages hereto or in the Transfer Supplement or Joinder Supplement pursuant to which it became a party to this Agreement, which entity will fund its purchases of Class A-2 Notes hereunder by borrowing from a specified financing conduit. "CP Conduit" shall mean any Class A-2 Purchaser which is designated as a CP Conduit on the signature pages hereto or in the Transfer Supplement or Joinder Supplement pursuant to which it became a party to this Agreement; provided, however, that if the entity signing this Agreement or such Transfer Supplement or Joinder Supplement specifies on the related signature page that it is a Conduit Borrower with respect to a financing conduit identified on such signature page, then, with respect to such Class A-2 Purchaser, "CP Conduit" shall mean, collectively, such Conduit Borrower and such specified financing conduit.
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Conduit Borrower means the party that receives the proceeds from bond issuance and that is obligated for payment of all amounts associated with the debt obligation (debt service payments on the bonds).
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Conduit Borrower means the County or such other governmental entity that is not related to or controlled by the Issuer and which receives proceeds and is required to pay principal and interest on a Tax-Advantaged Bond issue.
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Related to Conduit Borrower

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • 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.

  • Borrower as defined in the preamble hereto.

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

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

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

  • Borrowing Agent means any of the following:

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

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