Borrowing Entity definition

Borrowing Entity means the Issuer or Collateral Provider or any affiliate(s) of the Issuer or Collateral Provider or any entity (or entities) acting on behalf of the Issuer or Collateral Provider engaged in any underlying or borrowing transactions in respect of the Issuer's obligations arising from the Products.
Sample 1Sample 2Sample 3
Borrowing Entity means the Issuer or Collateral Provider or any affiliate(s) of the Issuer or Collateral Provider or any entity (or entities) acting on behalf of the Issuer or Collateral Provider engaged in any underlying or borrowing transactions in respect of the Issuer's obligations arising from the Products. In such circumstances, the Issuer may cancel/terminate the Products by providing notice to Holders of the Products in accordance with Condition 10. If the Issuer terminates Products the Issuer will, if and to the extent permitted by applicable law, pay to each Investor in respect of such Products held by it an amount determined by the Calculation Agent in its duly executed discretion (billiges Ermessen), but in accordance with established market practice, as representing the fair market value of such Products immediately prior to such cancellation/termination (notwithstanding any illegality or impossibility). Payment will be made as soon as reasonably possible in such manner as shall be notified to the Holders of the Products within a period of not less than ten (10) nor more than thirty (30) Business Days in accordance with Condition 10. Instead of paying a cash amount corresponding to the Fair Market Value of a Product, the Issuer may – in its duly executed discretion – deliver the Relevant Asset(s) of such Product.
Sample 1Sample 2Sample 3
Borrowing Entity means the indi- vidual(s), partnership, joint venture, trust, corporation, or other business entity, or any combination thereof, that is primarily obligated on the loan instrument.
Sample 1Sample 2Sample 3

Examples of Borrowing Entity in a sentence

  • In other words, the primary underwriting is of the property itself, similar to how a lender would look at a residential rental property.Viability & Validity of the Borrowing Entity: As stated above, the lender can start the loan review and underwriting process while the entity is still being formed.

  • Personal guarantees are required from any individual holding twenty percent (20%) or more ownership interest in the Borrowing Entity.

  • The Borrowing Entity must not be engaged in pyramid sales, where a participant’s primary incentive is based on the sales made by an ever- increasing number of participants.

  • The Borrowing Entity must not earn more than half of its annual net revenue from lending activities, unless the Borrowing Entity is a non- bank or non-bank holding company that is certified as a Community Development Financial Institution.

  • The Borrowing Entity must not be engaged in activities that are prohibited by federal law or laws of the District of Columbia.

  • The Enrolled Loan must not be used reimburse funds owed to any owners of the Borrowing Entity.

  • The Borrowing Entity must not be engaged in speculative activities that derive profit from fluctuations in price, such as wildcatting for oil and dealing in commodities futures, unless those activities are incidental to the regular activities of the business and part of a legitimate risk management strategy to guard against price fluctuations related to the regular activities of the business.

  • Rose, who is xxx xxxxxxxx member and has approximately 93% ownership interest in the Borrowing Entity, filed for bankruptcy in the early 1990's concerning a loan that was secured by 20 hotel properties.

  • A principal is defined as a proprietor, partner, director, each of the five most highly compensated executives, officers, or employees of the Borrowing Entity,or each direct or indirect holder of twenty percent (20%) or more of the ownership stock or stock equivalent of the Borrowing Entity.

  • It is expressly agreed and understood by each Borrowing Entity that Agent and each Bank shall have no responsibility to inquire into the appointment, allocation or disposition of any Loans made to Borrowers.


More Definitions of Borrowing Entity

Borrowing Entity means the individual(s), partnership, joint venture, trust, corporation, or other business entity, or any combination thereof, which is primarily obligated on the loan agreement.
Sample 1
Borrowing Entity means an entity that is or will be under a liability (whether or not such liability is present or future) to repay any money received by it in response to an invitation to subscribe for or purchase debentures of the entity;
Sample 1
Borrowing Entity means the Issuer or any affiliate(s) of the Issuer or any entity (or entities) acting on behalf of the Issuer engaged in any underlying or borrowing transactions in respect of the Issuer’s obligations arising from the Products.
Sample 1Sample 2
Borrowing Entity. Prime Retail Finance VI, LLC, the borrower under the Mercantile Loan.
Sample 1
Borrowing Entity means any entity, whether a public agency, nonprofit corporation, or for-profit corporation, that receives the direct benefit or use of property or equipment loaned to it by the City of Spokane.
Sample 1
Borrowing Entity means an entity that is or will be under a current or future liability to repay any money received by it in response to an offer to subscribe for or purchase debentures of the entity;
Sample 1

Related to Borrowing Entity

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • Borrowing Agent means any of the following:

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • 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.

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

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

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

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

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

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.