Qualifying borrower definition

Qualifying borrower means any person who demonstrates that a loan made pursuant to this
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Qualifying borrower means a borrower with respect to a Single Family Shared-Loss Loan meeting the criteria described under “Eligibility — Qualifying Borrower Characteristics” on Exhibit A attached hereto.
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Qualifying borrower means any person who demonstrates that a loan made pursuant to this chapter will assist one or more persons with disabilities to improve their independence or become more productive members of the community. The person must demonstrate creditworthiness and repayment abilities to the satisfaction of the Board.
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Examples of Qualifying borrower in a sentence

  • Eligibility Qualifying Borrower Characteristics: · Pre-recast OARM borrowers with an expected recast within one year and an expected payment increase at recast of more than 10%.

  • Section 6.03(c) of the Credit Agreement is hereby amended by (i) adding, following the parenthetical expression "(a "Trading Subsidiary")" on the seventh line thereof, the expression "and (vi) the holding of Qualifying Borrower Indebtedness permitted under Section 6.01(q)" and (ii) adding, following the expression "Qualifying Equity Interests in the Borrower" on the ninth line thereof, the expression "Qualifying Borrower Indebtedness,".

  • Section 6.07(b) of the Credit Agreement is hereby amended by (i) replacing the word "or" on the fourth line thereof following the expression "Intercompany Note" with a comma, (ii) adding, following the expression "Qualifying Holdings Debt" on the fifth line thereof, the expression "or any Qualifying Borrower Indebtedness" and (iii) inserting, on the third line of clause (i) thereof following the expression "Specified Indebtedness", the expression "other than Qualifying Borrower Indebtedness".

  • Section 5.16 of the Credit Agreement is hereby amended by (i) adding, following the word "contributed" in clause (iv) thereof, the expression "or lent" and (ii) adding, at the end of such clause (iv) before the comma, the expression "or as Qualifying Borrower Indebtedness".


More Definitions of Qualifying borrower

Qualifying borrower means any individual with disabilities and their family members, guardians, authorized representatives or nonprofit entity who demonstrates that such a loan will improve their independence or become more productive members of the community. The individual must demonstrate credit worthiness and repayment abilities to the satisfaction of the board. No more than twenty percent of all loan funds are to be provided to nonprofit entities in a single year.
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Related to Qualifying borrower

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Qualifying Lender has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • German Borrower means a Borrower incorporated in Germany.

  • 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.

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Qualifying Loans has the meaning specified in Section 2.05(d)(iv).

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province thereof.

  • Qualified ECP Loan Party means each Loan Party that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000, or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA.