Proposed Borrower definition

Proposed Borrower means the applicant for the loan who is being considered for sanction of the loan by SBI on the basis of his application.

Proposed Borrower shall have the meaning set forth in the Credit Agreement. Revolving Credit Loan

Proposed Borrower means an Affiliate of Borrower that is the owner of a property which has been proposed to be included in the Collateral Pool, pursuant to the terms hereof.

Examples of Proposed Borrower in a sentence

• The address for notices of the Proposed Borrower for the purposes of Clause 34.2 (Addresses for notices) is: [ ] This Agreement is governed by English law.

• The determination of whether Borrower or Proposed Borrower has provided Lender with all Underwriting Materials shall be in Lender’s discretion.

• The determination of whether Borrower or Proposed Borrower has provided Lender with all Underwriting Materials shall be in Lender's discretion.

• The Administrative Agent shall have received from the Proposed Borrower a signed certificate of a Responsible Officer which shall certify the names of the Persons authorized to sign the Loan Documents to be delivered pursuant to the terms hereof by such Proposed Borrower, together with the true signatures of each such Person.

• Upon Lender's receipt of the Mortgage Review Fee, the Seismic Report Fee, if and as applicable, and all Underwriting Materials, Lender shall notify Borrower or Proposed Borrower of the same.

• Administrative Agent shall have received such other information and documents in respect of such Proposed Borrower as may be reasonably required by the Administrative Agent and its counsel, to the extent such information and documents are consistent with what was required on the Closing Date for the Initial Borrower.

• For purposes of this Section 2.10, Borrower or Proposed Borrower may submit a multi-family real property for addition to the Collateral Pool, if Borrower or Proposed Borrower has a contract to purchase such real property, provided that Borrower or Proposed Borrower consummates the purchase of such real property on or before the date such real property is proposed to be added to the Collateral Pool.

• All notices, requests, demands, directions and other communications given to or made upon any party hereto under the provisions of this Agreement shall be in writing unless otherwise expressly provided hereunder and shall be delivered or sent, if to Lender, to Lender at the address and numbers set forth below, and if to Borrower or Proposed Borrower, to each of them at the addresses and numbers set forth below, or in accordance with any subsequent unrevoked written direction from any party to the others.

• Proposed Borrower and Initial Borrower have caused this Joinder Agreement to be duly executed by their authorized officers, and the Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted and agreed to by its authorized officer, as of the day and year first above written.

• Upon Lender’s receipt of all fees required hereunder and all Underwriting Materials, Lender shall notify Borrower or Proposed Borrower of the same.

More Definitions of Proposed Borrower

Proposed Borrower is defined in Section 7.04.

Proposed Borrower means the applicant for the loan who is being considered for sanction of theloan by SBI on the basis of his/her/their application.

Proposed Borrower means a Single Asset Entity that is a subsidiary of, and controlled by, BHOP (or in the case of a Permitted Transfer involving BHOP, Behringer Harvard Multifamily Advisors I LP, a Texas limited partnership), and is the owner of one or more properties which have been proposed to be included in the Collateral Pool, pursuant to the terms hereof. A Proposed Borrower may own multiple properties provided that each property is included in the Collateral Pool.