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).
Sample 1Sample 2Sample 3
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
Sample 1Sample 2Sample 3
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.
Sample 1

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.

  • As described in question H.12, Eligible Borrowers must calculate total compensation according to item 402(c) unless the Eligible Borrower meets the criteria and chooses to calculate total compensation according to the federal tax rules.

  • How should Eligible Borrowers calculate “total compensation” for purposes of complying with limits on compensation under the direct loan restrictions?‌Total compensation includes salary, bonuses, awards of stock, and other financial benefits provided by the Eligible Borrower and its affiliates to an officer or employee of the Eligible Borrower, but does not include the value of severance pay or other benefits paid in connection with a termination of employment.

  • The following framework, which is represented in this flowchart, should be used by the Eligible Borrower to calculate total compensation:(1) Eligible Borrowers that are public companies.

  • Eligible Borrowers are also subject to restrictions on dividends and other capital distributions made with respect to common stock or equivalent interests in a partnership, limited liability company, business organized as a trust, or other legal entity.

  • An Eligible Borrower that is, or is a consolidated subsidiary of, an entity that is required to disclose information in accordance with the Securities and Exchange Commission’s Regulation S-K(17 CFR part 229) (a public company) must calculate total compensation according to the methodology set out in item 402(c) of Regulation S-K (item 402(c))(17 CFR 229.402(c)(2)).(2) Eligible Borrowers that are not public companies.

  • Eligible Lenders and Eligible Borrowers are expected to act in good faith with respect to this requirement and in light of the goals of Main Street.

  • 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.

  • Is a business operating as a sole proprietorship eligible for a Main Street loan?‌No. Sole proprietorships that are not otherwise established under law as a “Business,” as defined in question E.2, are not Eligible Borrowers.


More Definitions of Eligible Borrowers

Eligible Borrowers means Leather Tan Acquisition, Inc., TLF Texas, and RCC."
Sample 1
Eligible Borrowers means Rxxxxxx Cxxxxxx, TLF Texas LP, and Tandy Texas LP.
Sample 1
Eligible Borrowers means TLF Texas and RCC.
Sample 1
Eligible Borrowers means persons meeting the requirements set forth in "APPENDIX D – SUMMARY OF THE PROGRAM AND THE MORTGAGE LOANS AND OTHER MATTERS – Eligible
Sample 1
Eligible Borrowers means persons that meet the requirements set forth in the caption "THE PROGRAM AND THE MORTGAGE LOANS -- Eligible Borrowers."
Sample 1Sample 2

Related to Eligible Borrowers

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Borrower as defined in the preamble hereto.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.