Ultimate Borrower definition

Ultimate Borrower means, in relation to any Debt Securities, the person to whom the money raised by the issue of those Debt Securities is provided for their use, and who is required to repay or return that money, whether directly or indirectly.

Ultimate Borrower means each of the German Opco and the Spanish Opco (in each case whilst it is a borrower under any Xxxxx On-Loan), the Italian Opco (whilst it is a Borrower) and each Borrower SPV;

Ultimate Borrower means a borrower under a Pledged Loan.

Examples of Ultimate Borrower in a sentence

• Ultimate Borrower The Issuer is the borrower in respect of the Notes.

• For purposes of the Commercial Paper Regulations, it is recorded that the "Ultimate Borrower" as defined in the Commercial Paper Regulations, of the net proceeds from each Tranche of Notes will be the Issuer unless otherwise indicated in the Applicable Pricing Supplement.

• The Sponsor shall demonstrate this control either by acting as the Ultimate Borrower, or by showing, to the Department’s satisfaction in its sole and absolute discretion, that the Sponsor controls the Ultimate Borrower in accordance with UMR Section 8313.2. The Sponsor’s failure to demonstrate compliance with UMR Section 8313.2 may result in significant delay or cancellation of the Loan.

• If the Ultimate Borrower is a limited partnership, the Department neither approves nor disapproves the Limited Partnership Agreement (the “LPA”), but may require changes thereto to ensure that the Sponsor has sufficient control of the limited partnership entity, and that the term of the LPA is equal to or greater than the term of the Department’s Loan.

• It is likely that the offer documents provided to potential investors would emphasise that the equity returns to investors in Finco would ultimately be funded by debt returns paid by the Ultimate Borrower to Finco.

• Basis Limit: Ultimate Borrower: General Partner: Architect: General Contractor: Consultant: Property Management: To Be Determined Satellite AHA Development, Inc.

• Sponsor shall provide evidence satisfactory to the Department that the Sponsor which was identified in the Application, and which met the application threshold requirements set forth at Section 102(i) of the Guidelines, has and will retain full control over the development, construction, ownership and management of the Affordable Rental Housing Development either directly or through its control of the Ultimate Borrower.

• It is unclear whether the application of proposed section 974‐155 will apply to recharacterise the loan between Finco and the Ultimate Borrower.

• FinTrust would then uses the capital to provide a loan to the Ultimate Borrower.

• The Loan Facilitator is engaged to organise finance for the Ultimate Borrower and thus source the relevant financing from Investors.

More Definitions of Ultimate Borrower

Ultimate Borrower means LCI Shipholdings;

Ultimate Borrower means each of the German Opco and the Spanish Opco (in each case whilst it is a borrower under any Finco On- Loan), the Italian Opco (whilst it is a Borrower) and each Borrower SPV;

Ultimate Borrower means an ultimate borrower as contemplated in paragraph 3(2);

Ultimate Borrower shall have the meaning provided in the first paragraph of this Agreement.

Ultimate Borrower is an affiliate of the Sponsor awarded the Loan funds pursuant to the Award letter as described in Exhibit E paragraph 2. The Ultimate Borrower will be considered the borrower of the DR-MHP Loan funds and as such will execute the Loan Documents. Ultimate Borrower shall be jointly and severally liable for all the obligations of a Sponsor as set forth herein. Performance satisfactory to the Department by the Ultimate Borrower of any duties and obligations under this Standard Agreement, and any other agreements as required by the Department, by Ultimate Borrower will be deemed as performance by the Sponsor. At a minimum, the Sponsor-controlled general partner of the Borrower must perform the substantial management duties identified in the Board of Equalization (BOE) Rule 140.1(a)(10) as items (A), (H), (I) and (K).