Meaningful Lender Participation and Lending Targets Sample Clauses

Meaningful Lender Participation and Lending Targets. The Lender shall have, or require another financial institution or other private investor to have meaningful capital resources at risk with respect to any loan sought to be enrolled in the Small Business Credit Guaranty Program. For purposes of this Agreement, "meaningful capital resources at risk" shall mean that the Lender or other financial institution or private investor must have at least 50% capital at risk (measured in terms of the total amount of loans or other financing being made available simultaneously with the closing on the Enrolled Loan) or such other percentage as set forth in the State's SSBCI rules and regulations so that the State may achieve a minimum of a $1:$1 private to public investment ratio. In addition, the Lender hereby covenants and agrees that it will (a) target businesses with an average Borrower size of 500 employees or less; provided, however, that in no case shall an Enrolled Loan be made to a businesses with more than 750 employees; (b) notwithstanding the Maximum Enrolled Loan Amount, target average loan sizes ranging from $100,000 to $250,000; (c) target Underserved Borrowers consistent with the requirements of the State and the marketing and outreach plan provided by the Lender to DCA.
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Meaningful Lender Participation and Lending Targets. The Contracting EntitySubrecipient shall require Participating Lenders to have meaningful capital resources at risk with respect to any loan sought to be enrolled in the Navajo SSBCI Loan Programs. For purposes of this Agreement, "meaningful capital resources at risk" shall mean that the Participating Lender must have at least 50% capital at risk (measured in terms of the total amount of loans or other financing being made available simultaneously with the closing on the Enrolled Loan) or such other percentage as set forth in the Nation's or Treasury's SSBCI rules and regulations so that the Nation may achieve a minimum of a $1:$1 private to public investment ratio. In addition, the Contracting EntitySubrecipient hereby covenants and agrees that it will (a) target Navajo Businesses with an average Borrower size of 100 employees or less; provided, however, that in no case shall a Loan be made to a Navajo Business with more than 750 employees; (b) notwithstanding the Maximum Enrolled Loan Amount, target average loan sizes ranging from Forma SSBCI Services Agreement with [Contracting EntitySubrecipient] 7/13/2022 Page 11 QB\73456836.6 DOQJ BR\E7V480870/71537/2.32 $5,000 to $50,000; (c) target SEDI Borrowers consistent with the requirements of Treasury and the marketing and outreach plan provided by the Contracting EntitySubrecipient to Navajo DED. The Contracting EntitySubrecipient shall place a priority on approving Enrolled Loans which immediately have a private to public leverage ratio meeting or exceeding said $10:$1 ratio.

Related to Meaningful Lender Participation and Lending Targets

  • Program Participation By participating in the CRF Program, Grantee agrees to:

  • COOPERATIVE PURCHASING PROGRAM PARTICIPATION Arkansas' Purchasing Law provides that local public procurement units (counties, municipalities, school districts, certain nonprofit corporations, etc.) may participate in state purchasing contracts. The contractor therefore agrees to sell to Cooperative Purchasing Program participants at the option of the program participants. Unless otherwise stated, all standard and special terms and conditions listed within the contract must be equally applied to such participants.

  • Financial Participation Prohibited Under Section 2155.004, Texas Government Code (relating to financial participation in preparing solicitations), Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive this Contract and acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.

  • SMALL BUSINESS PARTICIPATION AND DVBE PARTICIPATION REPORTING REQUIREMENTS a. If for this Contract Contractor made a commitment to achieve small business participation, then Contractor must within 60 days of receiving final payment under this Contract (or within such other time period as may be specified elsewhere in this Contract) report to the awarding department the actual percentage of small business participation that was achieved. (Govt. Code § 14841.)

  • Continued Participation If Contractor elects to defend the claim, the City may retain separate counsel to participate in (but not control) the defense and to participate in (but not control) any settlement negotiations.

  • COMMITMENT OF THE THREE PARTIES By signing7 this document, the staff member, the sending institution and the receiving institution/enterprise confirm that they approve the proposed mobility agreement. The sending higher education institution supports the staff mobility as part of its modernisation and internationalisation strategy and will recognise it as a component in any evaluation or assessment of the staff member. The staff member will share his/her experience, in particular its impact on his/her professional development and on the sending higher education institution, as a source of inspiration to others. The staff member and the beneficiary institution commit to the requirements set out in the grant agreement signed between them. The staff member and the receiving institution/enterprise will communicate to the sending institution any problems or changes regarding the proposed mobility programme or mobility period. The staff member Name: Signature: Date: The sending institution Name of the responsible person: Signature: Date: The receiving institution/enterprise Name of the responsible person: Signature: Date: 1 Adaptations of this template: In case the mobility combines teaching and training activities, the mobility agreement for teaching template should be used and adjusted to fit both activity types. In the case of mobility between Programme and Partner Countries, this agreement must be always signed by the staff member, the Programme Country HEI as beneficiary and the Partner Country HEI as sending or receiving organisation. In case of mobility from Partner Country HEIs to Programme Country enterprises the last box should be duplicated to include the signature of the Programme Country HEI (the beneficiary) and the receiving organisation (four signatures in total).

  • PARTICIPATION, CONTRACT ACCESS, AND PARTICIPATING ENTITY REQUIREMENTS A. PARTICIPATION. Sourcewell’s cooperative contracts are available and open to public and nonprofit entities across the United States and Canada; such as federal, state/province, municipal, K-12 and higher education, tribal government, and other public entities. The benefits of this Contract should be available to all Participating Entities that can legally access the Equipment, Products, or Services under this Contract. A Participating Entity’s authority to access this Contract is determined through its cooperative purchasing, interlocal, or joint powers laws. Any entity accessing benefits of this Contract will be considered a Service Member of Sourcewell during such time of access. Supplier understands that a Participating Entity’s use of this Contract is at the Participating Entity’s sole convenience and Participating Entities reserve the right to obtain like Equipment, Products, or Services from any other source. Supplier is responsible for familiarizing its sales and service forces with Sourcewell contract use eligibility requirements and documentation and will encourage potential participating entities to join Sourcewell. Sourcewell reserves the right to add and remove Participating Entities to its roster during the term of this Contract.

  • Public Participation 79. This Consent Decree shall be lodged with the Court for a period of not less than 30 Days for public notice and comment in accordance with 28 C.F.R. ' 50.7. The United States reserves the right to withdraw or withhold its consent if the comments regarding the Consent Decree disclose facts or considerations indicating that the Consent Decree is inappro- priate, improper, or inadequate. Defendant consents to entry of this Consent Decree without further notice and agrees not to withdraw from or oppose entry of this Consent Decree by the Court or to challenge any provision of the Decree, unless the United States has notified Defendant in writing that it no longer supports entry of the Decree.

  • Participation Fee If your account is subject to a Participation Fee, a fee will be charged when you open an account as described on the Disclosure accompanying this Agreement.

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

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