Disaster Relief Borrower definition

Disaster Relief Borrower means an eligible Borrower located in a Disaster Area that has received a commitment for a Loan, or has prepared an Application. To be an eligible Disaster Relief Borrower, the Borrower must (a) have suffered Significant Actual Physical Damage to real or personal property and/or have suffered Significant Economic Injury, as a result of a disaster in a Disaster Area, and (b) be a “Small Business” as defined in part 121 of chapter 1 of title 13 of the Code of Federal Regulations, as amended, including, but not limited to a “Small Business” that is a Farm Enterprise, an Agriculture-Related Enterprise, and/or a Nursery Enterprise.
Sample 1Sample 2Sample 3
Disaster Relief Borrower means an eligible Borrower located in a Disaster Area that has received a commitment for a Loan or has prepared an Application. To be an eligible Disaster Relief Borrower, the Borrower must (a) have suffered Significant Actual Physical Damage to real or personal property and/or have suffered Significant Economic Injury, as a result of a disaster in a Disaster Area, and (b) be a small business with 750 or fewer employees; a Farm Enterprise; or a non-profit public benefit organization or social welfare organization that has received and maintains tax exempt status under the IRS code 501(c)3 or 501(c)4.
Sample 1
Disaster Relief Borrower means an eligible Borrower located in a Disaster Area that has received a commitment for a Loan, or has prepared an Application. To be an eligible Disaster Relief Borrower, the Borrower must (a) have suffered Significant Actual Physical Damage to real or personal property and/or have suffered Significant Economic Injury, as a result of a disaster in a Disaster Area, and (b) be a “Small Business” as defined in part 121 of chapter 1 of title 13 of the Code of Federal Regulations, as amended, including, but not limited to a “Small Business” that is a Farm Enterprise, an Agriculture-Related Enterprise, and/or a Nursery Enterprise.small business with 750 or fewer employees; a Farm Enterprise; or a non-profit public benefit organization or social welfare organization that has received and maintains tax exempt status under the IRS code 501(c)3 or 501(c)4.
Sample 1

Examples of Disaster Relief Borrower in a sentence

  • The Disaster Relief Borrower has demonstrated a reasonable prospect of repayment.

  • The Loan to the Disaster Relief Borrower will be used exclusively in California.

  • A Loan to a Disaster Relief Borrower shall not exceed the aggregate sum of (1) the estimated fair market value replacement or repair cost of any Significant Actual Physical Damage, and (2) the estimated monetary loss suffered by a Disaster Relief Borrower as a result of Significant Economic Injury.

  • A Collection Guarantee under the Disaster Relief Program shall be for a Loan to a Disaster Relief Borrower, the sole purpose of which is to provide financing to enable the Disaster Relief Borrower to recover from (1) Significant Actual Physical Damage to real or personal property, and/or (2) Significant Economic Injury.

  • The Disaster Relief Borrower cannot obtain a loan without some form of credit enhancement.

  • The Loan to the Disaster Relief Borrower qualifies as a loan to a “Small Business” (as defined in part 121 of chapter 1 of title 13 of the Code of Federal Regulations, as amended).

  • Prior to issuing any Collection Guarantee in connection with a Loan to a Disaster Relief Borrower, the Corporation shall confirm that, in its reasonable opinion, the Loan does not exceed the amount set forth in Section 5030(d).

  • ACollection Loan Guarantee under the Disaster Relief Program shall be for a Loan to a Disaster Relief Borrower, the sole purpose of which is to provide financing to enable the Disaster Relief Borrower to recover from (1) Significant Actual Physical Damage to real or personal property, and/or (2) Significant Economic Injury.

  • The Disaster Relief Borrower cannot obtain aloan Loan without some form of credit enhancement.

  • The Disaster Relief Borrower cannot obtain a Loan without some form of credit enhancement.

Related to Disaster Relief Borrower

  • Borrower Related Party As defined in Section 3.33 of this Agreement.

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

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • 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:

  • Solvency II means the Solvency II Directive and any additional measures adopted to give effect to the Solvency II Directive (for the avoidance of doubt, whether implemented by way of a regulation (including, without limitation, the Level 2 Regulations), a directive, application of relevant EIOPA guidelines or otherwise);

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Initial Borrower has the meaning set forth in the preamble hereto.

  • Borrower as defined in the preamble hereto.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Loan Party means any one of them.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Borrower Party means any one of them.

  • Health care facility or "facility" means hospices licensed

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

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

  • Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Parent Borrower as defined in the preamble hereto.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.