Qualified Borrower definition

Qualified Borrower has the meaning provided in Section 6.3.

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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.

Qualified Borrower means any entity, which entity may be organized in the United States or outside of the United States, in which Borrower owns a direct or indirect ownership interest or through which Borrower will acquire an investment, the indebtedness of which entity can be guaranteed by Borrower pursuant to the terms of the Operating Agreement, and which entity has executed and delivered this Credit Agreement on the Closing Date or a Joinder Agreement and in respect of which entity Borrower has guaranteed the Obligations thereof pursuant to Section 6.

Examples of Qualified Borrower in a sentence

The covenants and agreements of Qualified Borrowers hereunder will be binding and effective with respect to a Qualified Borrower upon and after the execution and delivery of a Qualified Borrower Note by such Qualified Borrower.
Administrative Agent may conclusively rely on Lenders as to the amount due to Lenders under any Qualified Borrower Note or Borrower Guaranty.
Each Loan Credit Extension will be made upon the applicable Borrower Party’s irrevocable notice to Administrative Agent, which may be given by (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to Administrative Agent of a Loan Notice together with a Borrowing Base Certificate (and each Loan Notice submitted by a Qualified Borrower must be countersigned by a Responsible Officer of the applicable Borrower(s)).
Administrative Agent has received a favorable opinion of counsel for the Qualified Borrower, in form and substance satisfactory to Administrative Agent and addressed to Administrative Agent for the benefit of the Secured Parties.
Nothing, including, without limitation, any Loan Credit Extension or acceptance of any other document or instrument, will be construed as a representation or warranty, express or implied, to any party by any Secured Party as to whether any Investment is permitted by the terms of the applicable Governing Agreement or the Constituent Documents of any Qualified Borrower.

More Definitions of Qualified Borrower

Qualified Borrower means any government unit or private entity which is authorized to construct, operate, or own a qualified project.

Qualified Borrower is defined in Section 2.9(a).

Qualified Borrower means any eligible entity which is authorized to construct, operate, or own a qualified project.

Qualified Borrower means an individual or family who

Qualified Borrower means an individual meeting all of the following requirements:

Qualified Borrower means any government unit, public or private nonprofit entity approved by the department that is authorized to construct, operate, or own a qualified project and receives financing assistance pursuant to this section.

Qualified Borrower means any governmental unit or private enterprise which is authorized to construct, operate or own a qualified project;