Borrower Entity definition

Borrower Entity shall have the meaning set forth in Section 11.1 hereof.

Borrower Entity means a Person (a) in which the Borrower, directly or indirectly, has made an Investment, but which is not a Subsidiary, and (b) in which Person the Borrower, directly or indirectly, has a capital investment of no less than 10% of the aggregate capital investment of such Person.

Borrower Entity means each of the Borrower and each Permitted Additional Subsidiary.

Examples of Borrower Entity in a sentence

• Any Borrower Entity shall use any other Federal Funding to pay any Project Costs or to repay the Guaranteed Loan after the Effective Date (including the use of other funds guaranteed by the U.S. federal government).

• The making of the requested Advance shall not result in a violation of any Applicable Law, Transaction Document, or any other agreement or consent to which any Borrower Entity is a party, or any judgment or approval to which any Borrower Entity is subject and the Borrower shall have certified to the Guarantor as to such compliance.

• An ERISA Event shall have occurred that, individually or when aggregated with any other then existing ERISA Event, results in or could reasonably be expected to result in liability to any Borrower Entity or its ERISA Affiliate in excess of (x) in the case of the Borrower [*****] or (y) in the case of the Sponsor or any other ERISA Affiliate, [*****].

• The Borrower Entities (a) either (i) are in compliance with the Cargo Preference Act of 1954, as amended, and all related implementing regulations with respect to the Project (the “CPA Requirements”), or (ii) have entered into the CPA Compliance Agreement and are in compliance with such agreement and (b) have not received from MARAD a notification to the effect that any Borrower Entity has failed to comply with the CPA Requirements or the CPA Compliance Agreement, which has not been withdrawn.

• Each Borrower Entity is in compliance with and has conducted and is conducting its business in compliance with the Program Requirements.

More Definitions of Borrower Entity

Borrower Entity means each of Borrower and the Borrower Subsidiaries.

Borrower Entity means each of the entities identified in Exhibit A annexed hereto, together with their respective successors and assigns.

Borrower Entity has the meaning assigned in Section 3.5.

Borrower Entity means, if applicable, the entity form of Borrower which is a corporation.

Borrower Entity. Each of the Borrower, the Owners’ Agent and the Operator and each of their respective successors and assigns.

Borrower Entity and “Borrower Entities” means, singularly and collectively, as the context requires, [LIST ALL OF THE SEPARATE ENTITIES THAT ARE THE BORROWER]

Borrower Entity has the meaning set forth in Section 6.17(b).