Eligible Borrowers definition

Eligible Borrowers means any entity to which Available Securities may be loaned pursuant hereto, as listed in Attachment B hereto, as the same may be amended from time to time by PFPC upon ten (10) Business Days written notice to Customer; provided, that (x) no such amendment shall be effective with respect to any prospective Borrower to the addition of which Customer objects by written notice to PFPC within such ten (10) Business Day period and (y) Customer may, by written notice, instruct PFPC to remove an Eligible Borrower from Attachment B hereto and upon such instruction PFPC shall cease arranging Loans with such entity and shall as promptly as practicable attempt to terminate all Loans with such entity (provided that such entity shall continue to be a "Borrower" and an "Eligible Borrower" with respect to this Agreement until all transactions relating to such entity and all other matters with respect to such entity relating to this Agreement have been fully and finally closed, resolved and settled).
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Eligible Borrowers means persons that meet the requirements set forth in "APPENDIX F – SUMMARY OF INFORMATION REGARDING THE PROGRAM AND MORTGAGE LOANS, PRIOR SWAP AGREEMENTS, PRIOR LIQUIDITY FACILITIES AND OTHER MATTERS – The Program and
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Eligible Borrowers means (i) low and moderate income persons or families who own and occupy their residences and (ii) owners of residences substantially occupied by low or moderate income persons or families. The authority may treat a two, three or four-unit residence as owner-occupied if one unit is occupied by the owner.
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Examples of Eligible Borrowers in a sentence

  • Under section 4003(c)(3)(C) of the CARES Act, Eligible Borrowers must be Businesses that were created or organized in the United States or under the laws of the United States with significant operations in and a majority of their employees based in the United States.

  • As described in question H.12, Eligible Borrowers must calculate total compensation according to item 402(c) unless the Eligible Borrower meets the criteria and chooses to calculate total compensation according to the federal tax rules.

  • How should Eligible Borrowers calculate “total compensation” for purposes of complying with limits on compensation under the direct loan restrictions?‌Total compensation includes salary, bonuses, awards of stock, and other financial benefits provided by the Eligible Borrower and its affiliates to an officer or employee of the Eligible Borrower, but does not include the value of severance pay or other benefits paid in connection with a termination of employment.

  • The following framework, which is represented in this flowchart, should be used by the Eligible Borrower to calculate total compensation:(1) Eligible Borrowers that are public companies.

  • Eligible Borrowers are also subject to restrictions on dividends and other capital distributions made with respect to common stock or equivalent interests in a partnership, limited liability company, business organized as a trust, or other legal entity.

  • An Eligible Borrower that is, or is a consolidated subsidiary of, an entity that is required to disclose information in accordance with the Securities and Exchange Commission’s Regulation S-K(17 CFR part 229) (a public company) must calculate total compensation according to the methodology set out in item 402(c) of Regulation S-K (item 402(c))(17 CFR 229.402(c)(2)).(2) Eligible Borrowers that are not public companies.

  • Eligible Lenders and Eligible Borrowers are expected to act in good faith with respect to this requirement and in light of the goals of Main Street.

  • Eligible Borrowers should contact an Eligible Lender for more information on whether the Eligible Lender plans to participate in the Program and to request more information on the application process.

  • The Company shall take into consideration only the Eligible Borrowers for the purpose of considering and implementing the resolution plans.

  • Is a business operating as a sole proprietorship eligible for a Main Street loan?‌No. Sole proprietorships that are not otherwise established under law as a “Business,” as defined in question E.2, are not Eligible Borrowers.


More Definitions of Eligible Borrowers

Eligible Borrowers means persons meeting the requirements set forth in "APPENDIX D – SUMMARY OF THE PROGRAM AND THE MORTGAGE LOANS AND OTHER MATTERS – Eligible
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Eligible Borrowers means persons that meet the requirements set forth in the caption "THE PROGRAM AND THE MORTGAGE LOANS -- Eligible Borrowers."
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Eligible Borrowers means TLF Texas and RCC.
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Eligible Borrowers means Rxxxxxx Cxxxxxx, TLF Texas LP, and Tandy Texas LP.
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Eligible Borrowers means Leather Tan Acquisition, Inc., TLF Texas, and RCC."
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Related to Eligible Borrowers

  • 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.

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

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

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

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

  • The Borrower has advised the Banks that the Borrower is currently working on a revised business plan which will include, among other things, a request to restructure the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions concerning the proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, a May 19, 2000, letter agreement, a June 1, 2000, letter agreement, a June 9, 2000, letter agreement, a June 16, 2000, letter agreement, a June 29, 2000, letter agreement, a July 21, 2000, letter agreement, an August 11, 2000, letter agreement, and a September 8, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to October 13, 2000 (the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from September 29, 2000, to the Waiver Termination Date, and (iii) amend the due date for the payment of principal, interest and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from September 29, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, as of March 31, 2000, as of June 30, 2000, and as of September 30, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to amend the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before September 30, 2000, with respect to the Revolving Credit and the Term Loans (including such payments described in Sections 2.1 and 2.2 of the Seventh Amendment) to the Waiver Termination Date, provided that:

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

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

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

  • Applicant Borrower has the meaning specified in Section 2.14.

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

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Borrower as defined in the preamble hereto.

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

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Parent Borrower as defined in the preamble hereto.

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

  • Canadian Borrower as defined in the preamble hereto.

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

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • 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.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

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

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.