Qualified borrower definition

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 has the meaning provided in Section 6.3.

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

• Unless otherwise approved in accordance with the terms of this Credit Agreement (which approval, by such terms, may require more or fewer Lenders than the Required Lenders), each of the Loan Parties shall, and shall cause each Qualified Borrower to, promptly comply with any and all covenants and provisions of this Credit Agreement, the Notes, and all of the other Loan Documents executed by or applicable to it and its Governing Agreements.

• The Borrowers shall, or shall cause the applicable Qualified Borrower to, pay such Lender, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

• Each Qualified Borrower Note shall (a) be in the amount of the Loans to be advanced to such Qualified Borrower; (b) be payable to the Administrative Agent for the account of the Lenders, at the principal office of Administrative Agent; (c) bear interest in accordance with Section 2.06; (d) be in the form of Exhibit O attached hereto (with blanks appropriately completed in conformity herewith); and (e) be duly executed by such Qualified Borrower.

• The Loans to be made by Lenders to Qualified Borrowers hereunder shall be evidenced by a promissory note of each such Qualified Borrower.

• Each emailed notice by any Borrower pursuant to this Section 2.03(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrowers (and each Loan Notice submitted by a Qualified Borrower must be countersigned by a Responsible Officer of the Borrowers), unless otherwise agreed by the Administrative Agent.

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;