Project Borrower definition

Project Borrower means any person which incurs a Project Borrowing.

Project Borrower means an educational institution, child day care center, or health care provider that has borrowed money from the Corporation, the proceeds of which will be used to finance, in whole or in part, a project.

Project Borrower means Eiffel Ridge Group C.V., a limited partnership organised under the laws of The Netherlands represented by Becrux B.V., its managing partner and having its registered office at Prof. J.X. Xxxxxxxxxxx, X-0000 XX, Xxxxxxxxxx, Xxx Xxxxxxxxxxx;

Examples of Project Borrower in a sentence

• Except as disclosed in such financial statements, there are no liabilities (fixed or contingent) affecting the Project, Borrower or any Borrower Party.

• In addition, before occupancy of the Project, Borrower must provide to OCII a written reasonable accommodations policy that indicates how Borrower will respond to requests by disabled individuals for accommodations in Units and common areas of the Project.

• Within 10 days after the later of the date Borrower forms or acquires any Subsidiary or the date such Subsidiary first owns a Project, Borrower shall cause such Subsidiary (other than Subsidiaries excluded under the parenthetical in the preceding sentence) to execute and deliver to the Administrative Agent a joinder in the Subsidiary Guaranty, together with supporting organizational and authority documents and opinions similar to those provided with respect to the Borrower under Section 4.1 hereof.

• Except as disclosed in such financial statements, there is no litigation, administrative proceeding, investigation or other legal action (including any proceeding under any state or federal bankruptcy or insolvency law) pending or, to the knowledge of Borrower, threatened, against the Project, Borrower or any Borrower Party which if adversely determined could have a material adverse effect on such party, the Project or the Loan.

• Except as disclosed in such financial statements, there are no liabilities (fixed or contingent) affecting any Project, Borrower or any Borrower Party.

More Definitions of Project Borrower

Project Borrower means GO Topeka ETLC Support Corporation, a Kansas nonprofit corporation.

Project Borrower means, for each Project, a special purpose entity meeting the requirements thereof as set forth in the Project Loan Documents, which is a borrower under the Project Loan Documents and which has, (a) if such Project Borrower is a limited liability company, as its sole member, the Company, and (b) if such Project Borrower is a limited partnership, as its sole limited partner, and as the sole member of its general partner, the Company.

Project Borrower shall have the meaning set forth in the Recitals to this Agreement. “Project Loans” shall have the meaning set forth in the Recitals to this Agreement.

Project Borrower. A corporation, partnership, limited liability company or other entity which owns an Eligible Project and borrows funds in the form of loans from the Issuer directly or through an Intermediate Funding Entity; provided that, in addition to owning and operating an Eligible Project, Project Borrowers may make investments and conduct business activities that are not otherwise in a Permitted Industry, provided, however, (i) the cost of such investment or activity, if financed by a Project Loan or other senior debt, is limited to 5% of the total capital cost of such Eligible Project as set forth in the Base Case Financial Projections for such Eligible Project (it being understood that such limitation shall not apply to any such investments and activities that are not financed by a Project Loan or other senior debt), (ii) such investments and activities are not reasonably expected to result in any material adverse effect on such Eligible Project (as determined by the Program Manager), (iii) the Base Case Financial Projections for such Eligible Project do not rely on the success of such investments or activities and (iv) the projected operating expenses for such activities are not material in the context of the Eligible Project and the payments of such operating expenses are subordinated to any payments of debt service under the Project Loan.

Project Borrower means, collectively, one or more wholly-owned Subsidiaries of COP III (and if applicable, the applicable Subsidiary of COP III) or CCPT III, including each of the Initial Project Borrowers, that owns the fee interest (subject only to Permitted Exceptions) in and to a Qualified Property and, except for an Initial Project Borrower, that, with the consent of Lender, executes, as Project Borrower, a counterpart signature page hereto together with a Borrower Assumption Agreement, subject to release as provided in Sections 2.19(b) and 4.3.

Project Borrower means in respect of any given Project, the Borrowers who have, requested and obtained a Project Mortgage;

Project Borrower means, with respect to a Project, the entity which is specified as the borrower for the Project Loan under the Project Loan Documents, which entity shall also be the owner of the Project and the identity of which such entity is subject to the limitations of Section 2.1(d).