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 pro- ductive 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

  • Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

  • Qualifying Bank means any entity, which effectively conducts banking activities as principal purpose with its own infrastructure and staff and which is recognized as a bank by the banking laws in force in the jurisdiction of its incorporation, or if such entity is acting through a branch in a jurisdiction other than the jurisdiction of its incorporation, in the jurisdiction where such branch is located or registered all in accordance with the Swiss Guidelines.

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

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

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

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

  • Irish Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under this Agreement and is:

  • German Borrower means a Borrower incorporated in Germany.

  • UK Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is:

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

  • 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).

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • 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.

  • 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 Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Swiss Borrower means a Borrower incorporated, or for tax purposes resident, in Switzerland.

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

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any province or territory thereof.

  • Foreign Loan Party means any Loan Party other than a U.S. Loan Party.

  • 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.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).