AHP Loan Sample Clauses

AHP Loan. Phase B Developer shall apply to the Federal Home Loan Bank of San Francisco Affordable Housing Program for an AHP Loan in an amount of not more than Three Hundred Sixty Thousand Dollars ($360,000) in connection with the operation of Phase B of the Project. Phase B Developer shall use its reasonable, best efforts to secure the AHP Loan, and if Phase B Developer is successful in obtaining such AHP Loan the AHP Loan shall be used to pay down the amount owing under the Phase B Authority Subordinate Loan in accordance with Sections 311.3 and 311.4 of the Original Agreement. If Phase B Developer receives an award of an AHP Loan commitment, Phase B Developer shall comply with and meet all applicable federal AHP code and regulatory requirements in connection with its obtaining the AHP Loan. Authority acknowledges and agrees that the AHP Loan will be senior to the Phase B Authority Subordinate Loan; provided however, that such AHP Loan including all loan and implementing documents and instruments shall be subject to the reasonable review and approval of Authority and that the terms of the AHP Loan and all loan and implementing documents and instruments shall not conflict with or negate or cancel the terms, conditions and provisions of the Original Agreement, this Phase B Implementation Agreement, or the Phase B Ground Lease. Bond Loan. Phase B Developer has obtained firm commitment(s) from [ ] (― ‖), and [ ] (― ‖) (collectively, ―Debt Lender‖) to purchase the bonds issued for Phase B of the Project and thereby provide: (a) a [ ] construction loan for Phase B and (b) a [ ] permanent loan for Phase B. Phase B Appropriation; Authority Financial Assistance.
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AHP Loan. If awarded, an Affordable Housing Program loan in the amount of $510,000 funded by private sources of grant funds from the Federal Home Loan Banks.
AHP Loan. Phase A Developer shall apply to the Federal Home Loan Bank of San Francisco Affordable Housing Program for an AHP Loan in an amount of not more than Three Hundred Sixty Thousand Dollars ($360,000) in connection with the development and operation of Phase A of the Project. Phase A Developer shall use its reasonable, best efforts to secure the AHP Loan, and if Phase A Developer is successful in obtaining such AHP Loan the AHP Loan shall be used to pay down the amount owing under the Phase A Authority Subordinate Loan in accordance with Sections 311.3 and 311.4 of the Original Agreement. If Phase A Developer receives an AHP Loan commitment, Phase A Developer shall comply with and meet all applicable federal AHP code and regulatory requirements in connection with its obtaining the AHP Loan. Authority acknowledges and agrees that the AHP Loan will be senior to the Phase A Authority Subordinate Loan; provided however, that such AHP Loan including all loan and implementing documents and instruments shall be subject to the reasonable review and approval of Authority and that the terms of the AHP Loan and all loan and implementing documents and instruments shall not conflict with or negate or cancel the provisions of the Original Agreement, this Phase A Implementation Agreement, or the Phase A Ground Lease.

Related to AHP Loan

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • LOAN 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in this Agreement, the amount of one hundred million Dollars ($100,000,000), as such amount may be converted from time to time through a Currency Conversion in accordance with the provisions of Section 2.07 of this Agreement (“Loan”), to assist in financing the project described in Schedule 1 to this Agreement (“Project”).

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • The Loan Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of one hundred million dollars ($100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal.

  • Borrowing Upon receipt of Proper Instructions, the Custodian shall deliver securities of a Portfolio to lenders or their agents, or otherwise establish a segregated account as agreed to by the applicable Fund on behalf of such Portfolio and the Custodian, as collateral for borrowings effected by such Portfolio, provided that such borrowed money is payable by the lender (a) to or upon the Custodian's order, as Custodian for such Portfolio, and (b) concurrently with delivery of such securities.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Interlibrary Loan Using electronic, paper, or intermediated means, the Participating Institutions may at their discretion fulfill occasional requests from other institutions, a practice commonly called Interlibrary Loan ("ILL"). The Distributor agrees and ensures that the Publisher will agree that the electronic form of the Licensed Materials may be used as a source for the ILL whereby articles and/or chapters can be printed and these print copies can be delivered via postal mail, fax, or fax-based service to fulfill ILL requests from an academic, research or other non-commercial library. Requests received from for-profit companies will not be honored. An ILL through secure electronic transmission, as demonstrated by the ARIEL, is permitted. Files transmitted in this manner must carry copyright notices and comply with the applicable law.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Refinancing Preparation Advance If the Financing Agreement provides for the repayment out of the proceeds of the Financing of an advance made by the Association or the Bank (“Preparation Advance”), the Association shall, on behalf of the Recipient, withdraw from the Financing Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Financing Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Association shall pay the amount so withdrawn to itself or the Bank, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

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