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).

Split View

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

Eligible Borrowers means Leather Tan Acquisition, Inc., TLF Texas, and RCC."

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.

• Loans made to other Eligible Borrowers (and, in all events, where payroll deduction is no longer practicable) shall be repayable in such manner as the Administrator may from time to time determine.

• Loans shall be made available under this Article to all Eligible Borrowers on a reasonably equivalent basis.

• 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.

• Such unpaid principal, together with any accrued but unpaid interest, shall thereupon be deducted from the Eligible Borrower's Accounts, subject to the further provisions of this Section.

• Interested parties can sign up for alerts here.M.3. Will the Federal Reserve provide further guidance on how to apply the terms of the Program to individual borrowers?‌The Federal Reserve and Treasury Department have designed Main Street to facilitate the provision of credit to Eligible Borrowers of varying sizes, across a broad range of non-profit sectors, in every state and territory of the United States.

• Participating Lenders under CHFA's direction shall assist in advising potential Eligible Borrowers of the availability of funds in Targeted Areas.

• Such unpaid balance, together with any accrued but unpaid interest on the loan, shall be deducted from the Eligible Borrower's Accounts, subject to the default provisions below, before any distribution of benefits is made.

• In no event shall the Administrator apply the Eligible Borrower's Accounts to satisfy the Eligible Borrower's repayment obligation, whether or not he or she is in default, unless the amount so applied otherwise could be distributed in accordance with the Plan.

More Definitions of Eligible Borrowers

Eligible Borrowers means TLF Texas and RCC.

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.

Eligible Borrowers means persons meeting the requirements set forth in "APPENDIX D – SUMMARY OF THE PROGRAM AND THE MORTGAGE LOANS AND OTHER MATTERS – Eligible

Eligible Borrowers means persons that meet the requirements set forth in the caption "THE PROGRAM AND THE MORTGAGE LOANS -- Eligible Borrowers."

Eligible Borrowers means Rxxxxxx Cxxxxxx, TLF Texas LP, and Tandy Texas LP.