Secondary Borrower definition

Secondary Borrower means an entity that has made application to the Eligible CDFI for a Secondary Loan, been deemed creditworthy by the Eligible CDFI, meets the criteria set forth in the applicable Secondary Loan Requirements to receive a Secondary Loan, and has received a Secondary Loan.
Sample 1Sample 2Sample 3
Secondary Borrower means an entity that has made application to the Eligible CDFI for a Secondary Loan, been deemed creditworthy by the Eligible CDFI, meets the criteria set forth in the applicable Secondary Loan Requirements to receive a Secondary Loan, and has received a Secondary Loan;
Sample 1Sample 2
Secondary Borrower means an entity that has received a Secondary Loan as defined in section 1.1 of the CDFI Bond Guarantee Program Bond Loan Agreement.
Sample 1

Examples of Secondary Borrower in a sentence

  • Dis- bursements of Secondary Loan pro- ceeds to the Secondary Borrower shall be made pursuant to a requisition proc- ess established by the Qualified Issuer and the CDFI Fund and shall mirror the requirements for the disbursement of Bond Proceeds.(2) Each requisition shall be accom- panied by invoices and certifications by the Secondary Borrower as to ex- penditure of proceeds for Eligible Pur- poses.

  • The Secondary Borrower shall ensure compliance with Executive Order 12699, Seismic Safety of Federal and Federally Assisted or Regulated New Building Construction.

  • Secondary Borrower has not experienced any material events that may adversely affect the credit quality of this loan.

  • The Secondary Borrower shall adhere to the following Federal construction standards: (a) accessibility; (b) environmental impact; (c) safety; (d) historical preservation; (e) seismic activity; and (f) metrification.

  • In the event that GMP wishes to act as the organizing institution for a traveling exhibition that includes the Property and that will entail GMP loaning the Property to other institutions (“Secondary Borrowers”), GMP may do so, provided that the loan of the Property from GMP to the Secondary Borrower must be subject to, and compatible with, the terms of this Agreement.

  • The Secondary Borrower must be a Financing Entity as defined in 12 C.F.R. 1805.201(b)(2) and an affiliate of a Certified CDFI.

  • GMP shall remain responsible and obligated under this Agreement regardless of the existence of any Secondary Borrower, and Xxxxxx’s recourse to GMP shall remain unaffected.

  • Non-compliance could result in the suspension or cancellation of the License and/or the imposition of fines.

  • The CDFI Fund also reserves the right, in its sole discretion, to consult with the Appropriate Federal Banking Agency and Appropriate State Agency with respect to any Eligible CDFI that is proposed to receive a Bond Loan or any Secondary Borrower that is pro- posed to receive a Secondary Loan.§ 1808.504 Selection of Qualified Issuers; Approval for Guarantee.

  • GMP shall remain responsible and obligated under this Agreement regardless of the existence of any Secondary Borrower, and Lender’s recourse to GMP shall remain unaffected.

Related to Secondary Borrower

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Canadian Borrower as defined in the preamble hereto.

  • 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.

  • Dutch Borrower means any Borrower that is organized under the Laws of The Netherlands.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • Authorized Borrower Representative means a person at the time designated and authorized to act on behalf of the Borrower by a written certificate furnished to the Governmental Lender, the Funding Lender, the Fiscal Agent and the Servicer and containing the specimen signature of such person and signed on behalf of the Borrower by its Borrower Controlling Entity which certificate may designate one or more alternates.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States and that is not a CFC.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.