Project Borrower definition

Project Borrower means any person which incurs a Project Borrowing.

Project Borrower means an educational institution, child day care center, or health care provider that has borrowed money from the Corporation, the proceeds of which will be used to finance, in whole or in part, a project.

Project Borrower means Eiffel Ridge Group C.V., a limited partnership organised under the laws of The Netherlands represented by Becrux B.V., its managing partner and having its registered office at Prof. X.X. Xxxxxxxxxxx, X-0000 XX, Xxxxxxxxxx, Xxx Xxxxxxxxxxx;

Examples of Project Borrower in a sentence

• In connection with this Project, Borrower shall comply with the debarment and suspension requirements set forth in 24 CFR Part 5 and 24 CFR Part 24.

• In addition, before occupancy of the Project, Borrower must provide to OCII a written reasonable accommodations policy that indicates how Borrower will respond to requests by disabled individuals for accommodations in Units and common areas of the Project.

• Upon completion of the Project, Borrower shall submit sufficient documentation to HUD stating that all equipment included in the final equipment list is on the Land and located within the Improvements included in the Borrower’s Security Instrument.

• In connection with the implementation of the Project, Borrower is simultaneously herewith entering into or will enter into (a) a Technical Services Agreement (as defined below) with the Technical Services Provider.

• After completion of the Project, Borrower must retain the Approved Plans as well as "as-built" plans for the Project, the Approved Specifications and the Construction Contract, all of which Borrower must make available to OCII upon request.

More Definitions of Project Borrower

Project Borrower shall have the meaning set forth in the Recitals to this Agreement. “Project Loans” shall have the meaning set forth in the Recitals to this Agreement.

Project Borrower means GO Topeka ETLC Support Corporation, a Kansas nonprofit corporation.

Project Borrower means in respect of any given Project, the Borrowers who have, requested and obtained a Project Mortgage;

Project Borrower. A corporation, partnership, limited liability company or other entity which owns an Eligible Project and borrows funds in the form of loans from the Issuer directly or through an Intermediate Funding Entity; provided that, in addition to owning and operating an Eligible Project, Project Borrowers may make investments and conduct business activities that are not otherwise in a Permitted Industry, provided, however, (i) the cost of such investment or activity, if financed by a Project Loan or other senior debt, is limited to 5% of the total capital cost of such Eligible Project as set forth in the Base Case Financial Projections for such Eligible Project (it being understood that such limitation shall not apply to any such investments and activities that are not financed by a Project Loan or other senior debt), (ii) such investments and activities are not reasonably expected to result in any material adverse effect on such Eligible Project (as determined by the Program Manager), (iii) the Base Case Financial Projections for such Eligible Project do not rely on the success of such investments or activities and (iv) the projected operating expenses for such activities are not material in the context of the Eligible Project and the payments of such operating expenses are subordinated to any payments of debt service under the Project Loan.

Project Borrower means, collectively, one or more wholly-owned Subsidiaries of COP III (and if applicable, the applicable Subsidiary of COP III) or CCPT III, including each of the Initial Project Borrowers, that owns the fee interest (subject only to Permitted Exceptions) in and to a Qualified Property and, except for an Initial Project Borrower, that, with the consent of Lender, executes, as Project Borrower, a counterpart signature page hereto together with a Borrower Assumption Agreement, subject to release as provided in Sections 2.19(b) and 4.3.

Project Borrower means, with respect to a Project, the entity which is specified as the borrower for the Project Loan under the Project Loan Documents, which entity shall also be the owner of the Project and the identity of which such entity is subject to the limitations of Section 2.1(d).

Project Borrower means, for each Project, a special purpose entity meeting the requirements thereof as set forth in the Project Loan Documents, which is a borrower under the Project Loan Documents and which has, (a) if such Project Borrower is a limited liability company, as its sole member, the Company, and (b) if such Project Borrower is a limited partnership, as its sole limited partner, and as the sole member of its general partner, the Company.