Borrower Certificate definition

Borrower Certificate means a certificate substantially in the form of Exhibit B-2 hereto.

Borrower Certificate. A certificate executed by an Authorized Official of the Borrower, addressing such matters for which such Borrower Certificate is required, in form and substance reasonably acceptable to DOE.

Borrower Certificate is defined in Section 5.06(d).

Examples of Borrower Certificate in a sentence

• If applicable, the Borrower must certify on the Borrower Certificate that at no time during the three years preceding the closing of the Mortgage Loan has he had a present ownership interest in a principal residence.

• In making this determination the Participating Lender may not rely solely upon statements made by the Loan applicant in the Borrower Certificate, but must verify compliance with this requirement by conducting an on-site inspection of the dwelling (the appraisal) and through other reasonable efforts.

• Has executed a Borrower Certificate at the time of the Loan application.

• Participating Lender must, with due diligence, verify the information in the Borrower Certificate regarding the applicant’s prior residency and verify such other information including Federal Income Tax Returns furnished by the Eligible Borrower for the preceding three years, and certify to CHFA that on the basis of its investigation, such information is to the best of its knowledge and belief, true and accurate and evidences compliance with the requirements of this section.

• Prior to closing the Mortgage Loan, the Participating Lender must examine the Borrower Certificate and related submissions, including (i) the Eligible Borrower’s Federal Income Tax Returns and (ii) current credit report, in order to determine whether the Eligible Borrower has met the mortgage requirements or whether such examination discloses any existing mortgage or debt which the proceeds of the CHFA Loan may be used to repay or refinance.

More Definitions of Borrower Certificate

Borrower Certificate a written certificate or statement from the Borrower duly executed by an officer of the Borrower, including the Executive Director or Treasurer of the Borrower.

Borrower Certificate. A certificate executed by an Authorized Official of the Borrower that is (i) with respect to any certificate delivered pursuant to Section 4.1 of the Common Agreement, dated as of the Financial Closing Date and substantially in the form attached as Exhibit C to the Common Agreement, (ii) a Master Advance Notice delivered pursuant to Section 4.2 of the Common Agreement, substantially in the form attached as Exhibit M to the Common Agreement, (iii) delivered as a condition precedent to Physical Completion or Project Completion, or (iv) with respect to any other certification to be made by the Borrower pursuant to any Loan Document, addressing such matters as are specified in such Loan Document.

Borrower Certificate means that certain certificate dated as of the Closing Date in favor of the Agent.

Borrower Certificate means that certain Borrower Certificate dated the same date as this Assignment,

Borrower Certificate means a certificate of the Borrower signed by an Authorized Officer of the Borrower.

Borrower Certificate means a notarized certificate from Borrower, certifying that (i) Borrower is (A) current on all loan payments secured by a lien on the Property,(B) current on Real Estate Tax and personal property tax payments, (C) current on all federal, state and local taxes and that there is no federal income tax lien, judgment lien, or other involuntary lien against the Property, and (D) not insolvent or in bankruptcy or foreclosure proceedings, and (ii) the title of the Property is not in dispute, as evidenced by a title report or title insurance commitment from a title insurance company acceptable to Capital Provider.

Borrower Certificate. A certificate executed by an Authorized Official of the Borrower that is (i) with respect to any certificate delivered pursuant to Section 4.1, dated as of the Financial Closing Date and substantially in the form attached as Exhibit C1, (ii) with respect to any certificate delivered pursuant to Section 4.2, dated as of the Periodic Approval Date and substantially in the form attached as Exhibit C2, (iii) a Master Advance Notice delivered pursuant to Section 4.3, substantially in the form attached as Exhibit M, (iv) delivered as a condition precedent to Project Completion, or (v) with respect to any other certification to be made by the Borrower pursuant to any Loan Document, addressing such matters as are specified in such Loan Document.