Authority Loan Sample Clauses

Authority Loan. Authority hereby agrees to loan to Developer and Developer hereby agrees to borrow from Authority the amount of up to Three Million Seven Hundred Fifty Thousand Dollars ($3,750,000) (“Authority Loan”), subject to the terms and conditions set forth in this Agreement, and subject further to the terms and conditions set forth within the Authority Loan Documents executed by Developer in connection with this transaction, including, without limitation, the City Restrictions, the Option Agreement, and the Regulatory Agreement. The proceeds of the Authority Loan are disbursable and allocable as follows: (i) up to Two Million Four Hundred Thousand Dollars ($2,400,000) of Authority Loan may be disbursed at the Closing for direct land acquisition (exclusive of carrying costs) costs, (ii) up to One Million Two Hundred Thousand Dollars ($1,200,000) may be disbursed for expenses actually and directly incurred for the remediation of the environmental condition of the Site as more fully set forth in Section 301.1, and (iii) up to One Hundred Fifty Thousand Dollars ($150,000) shall be counted as an indebtedness of Developer under Authority Loan, which amount shall constitute Developer’s financial contribution to the construction of the Sewer Improvements required to be constructed as a condition of the Entitlement for the Project. The allocation of the proceeds of Authority Loan may be changed by and with the approval of Authority Executive Director, which approval shall be and remain in Authority Executive Director’s sole, but reasonable, discretion. Any disbursement of Authority Loan proceeds for acquisition costs or for reimbursement of Remediation Costs into the Escrow at Closing shall be subject to the fulfillment or waiver by Authority of each and every Condition Precedent set forth in Section 204 below, and each disbursement of Authority Loan proceeds for eligible Remediation Costs of Environmental Remediation actually completed by Developer shall be subject to the fulfillment or waiver by Authority of each and every Condition Precedent set forth in both Sections 204 and 205 below. Authority agrees to negotiate in good faith regarding amendments or modifications to this Agreement reasonably requested by Developer relating to unforeseen increases in the cost of the Environmental Remediation of the Site subject to the provisions hereof, including Section 206; provided any material amendment to this Agreement, including amendments providing for different, additional, o...
Sample 1
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Authority Loan. Authority hereby agrees to loan to Developer and Developer hereby agrees to borrow from Authority an amount not to exceed Five Hundred Ten Thousand Seven Hundred Thirty-six and No/100 Dollars ($510,736.00) (―Authority Loan‖), subject to the terms and conditions set forth in this Agreement, and subject further to the terms and conditions set forth within the Project Documents. The Authority Loan shall be evidenced by the Authority Loan Note and secured by the Authority Loan Deed of Trust and the Security Agreement.
Sample 1
Authority Loan. If the conditions in section 2.4 are satisfied, the Authority shall loan $ to the Borrower on the Issue Date. Making the Issue Date deposits to the Project Fund discharges the Authority’s obligation to make the Authority Loan. The Authority is not required to make any other deposits to the Project Fund.
Sample 1

Related to Authority Loan

  • 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”).

  • 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.

  • Lender The term “Lender” shall mean the holder of any promissory note or other evidence of indebtedness secured by the Property or any portion thereof.

  • 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.

  • Transcription of Credit For dual credit courses, high school as well as college credit should be transcripted immediately upon a student's completion of the performance required in the course. [TAC 19, Part 1, Chapter 4, Subchapter D, §4.85 (h)]

  • Administrative Appeals An administrative appeal is a request for us to reconsider a full or partial denial of payment for covered healthcare services for the following reasons: • the services were excluded from coverage; • we determined that you were not eligible for coverage; • you or your provider did not follow BCBSRI’s requirements; or • a limitation on an otherwise covered benefit exists. You are not required to file a complaint (as described above), before filing an administrative appeal. If you call our Customer Service Department, a Customer Service Representative will try to resolve your concern. If the issue is not resolved to your satisfaction, you may file a verbal or written administrative appeal with our Grievance and Appeals Unit. If you request an administrative appeal, you must do so within one hundred eighty (180) days of receiving a denial of payment for covered healthcare services. The Grievance and Appeals Unit will conduct a thorough review of your administrative appeal and respond within: • thirty (30) calendar days for a prospective review; and • sixty (60) calendar days for a retrospective review. The letter will provide you with information regarding our determination.

  • CREDIT INSURANCE Credit insurance is not required for any extension of credit under this Agreement. However, You may purchase any credit insurance available through Us and have the premiums added to Your outstanding balance. If You elect to do so, You will be given the necessary disclosures and documents separately.

  • Credit Structure To obtain a credit, Customer must open a Trouble Ticket in accordance with the “Process for Customer to Apply for SLA Credits” section below. Verizon will work with Customer to confirm that a DDR issue exists with the Core Network and repair the problem(s), as applicable. Once Verizon confirms that the DDR on the Core Network for a specific Customer E-Line EVC connection does not comply with this Service Level Standard, Verizon will have thirty (30) calendar days from the opening of the Trouble Ticket to address the Service Issue and close the applicable Trouble Ticket before Customer may be eligible for SLA credits. If, after thirty (30) calendar days of opening the Trouble Ticket, the DDR Service Level Standard issue is not corrected, but has been agreed to as a Service Issue, Customer may qualify for credits.

  • Transcripting of Credit For Dual Credit Courses, high school as well as college credit shall be transcripted immediately upon a student’s completion of the performance required in the course.

  • Loan Repayment Upon the terms and conditions of this Agreement, the Issuer agrees to make the Loan to the Company. The proceeds of the Loan shall be deposited with the Trustee pursuant to Section 3.3 hereof. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, to the Trustee for the account of the Issuer, payments which correspond, as to time, and are equal in amount as of the Loan Payment Date, to the corresponding Bond Service Charges payable on the Bonds. All Loan Payments received by the Trustee shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Company shall be entitled to a credit against the Loan Payments required to be made on any Loan Payment Date to the extent that the balance of the Bond Fund is then in excess of amounts required (a) for the payment of Bonds theretofore matured or theretofore called for redemption, or to be called for redemption pursuant to Section 6.1 hereof (b) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee or Paying Agent, and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges due on that Loan Payment Date. Except for such interest of the Company as may hereafter arise pursuant to Section 8.2 hereof or Sections 5.06 or 5.07 of the Indenture, the Company and the Issuer each acknowledge that neither the Company, the State nor the Issuer has any interest in the Bond Fund or the Bond Purchase Fund, and any moneys deposited therein shall be in the custody of and held by the Trustee in trust for the benefit of the Holders.

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