Loan Fund. The words "Loan Fund" mean the undisbursed proceeds of the Loan under this Agreement together with any equity funds or other deposits required from Borrower under this Agreement.
Loan Fund. The Investment Fund maintained pursuant to Section 7.6.1.
Loan Fund. Loan Fund" means a separate fund to be used by Originator solely for the purpose of funding Loans under this Agreement.
Loan Fund. Originator agrees to establish and administer the Loan Pool Fund to provide financing to individuals and properties qualified under this Agreement.
Loan Fund. Prior to receiving the proceeds of a loan, the Participant shall direct that funds in an amount equal to the loan amount be transferred from the Participant's Accounts in which it is invested, in a proportion elected by the Participant, to a special loan fund established by the Investment Committee (consisting solely of that Participant's loans) established for purposes of disbursing the loan amount to the Participant. Any such transfer shall be disregarded for purposes of any transfer limitations under Program of the Plan.
Loan Fund. Weirton Steel Corporation Project (the "Loan Fund").
Loan Fund. Upon (i) disbursement of the Purchase Fund, as provided in Section 3A above, and (ii) delivery to Purchasers of the Note and Security Agreement duly executed by the Company together with a certified copy of a resolution of the board of directors of the Company approving the loan transaction, the Escrow Agent will disburse the funds held in the Loan Fund to the Company in cash or other certifiable funds.
Loan Fund. A Loan Fund shall be established by the Trustee on behalf of each Participant for whom a loan is made pursuant to Article 5. The Loan Fund shall be credited with the amount of any loan made by the Plan to the Participant and shall be debited with all principal and interest repayments of any such loans. Under rules established by the Plan Administrator, a Participant's interest in the Individual Funds shall be debited by the amount credited to the Participant's Loan Fund. All principal and interest repayments debited to the Loan Fund shall be invested as contributions to the Participant's Account pursuant to Section 4.1. Each Loan Fund shall be invested in a note or notes made by the Participant evidencing the promised repayment of monies loaned to the Participant from the Fund.
Loan Fund. 1 2}. The Governmental Lender and the Borrower shal have no interest in the Funding Loan Payment Fund or the moneys therein, which shall always be maintained by the Fiscal Agent completely separate and segregated from all other moneys held hereunder and from any other moneys of the Governmental Lender and the Borrower. The Fiscal Agent shall deposit into the Funding Loan Payment Fund any amounts received from the Borrower as payments of principal of or premium on interest on the Borrower Loan and any other amounts received by the Fiscal Agent that are subject to the lien and pledge of thls Funding Loan Agreement, including any Pledged Revenues not required to be deposited to the Expense Fund or not otherwise specifically directed in writing by the Noteholder Representative to be deposited into other funds created by thls Funding Loan Agreement. The Fiscal Agent shall apply al amounts on deposit in the Funding Loan Payment Fund in the followingorder of priority: First, to pay or provide for the payment of the interest then due on the Funding Loan; Second, to pay or provide for the payment or the prepayment of principal on the FundIDg Loan, provided moneys have been transferred or deposited into the FundIDg Loan Payment Fund for such purpose; and Third, to pay or provide for the payment of the Funding Loan on the Maturity Date. In applying monies to the payment of the FundIDg Loan, amounts paid in respect of a Borrower Note shall be applied to the payment of the correspondIDg Goverrunental Lender Note.
Loan Fund. Notwithstanding the Investment funds established pursuant to Article XVI, there shall be established a Loan Fund to accept the Promissory Note executed by the Participant to evidence the debt created. This Loan Fund will receive the interest and principal payments as paid. As of each Valuation Date, these will be transferred to the Investment Funds currently accepting contributions pursuant to the Participant's current investment elections. If no investment elections exist, then the interest and principal payments shall be made to the Investment Fund as the Employer designates.
