Common use of SIB Loan Clause in Contracts

SIB Loan. The CTB hereby agrees, upon the terms and conditions contained in this Agreement, to authorize the SIB Loan to be made to the SIB Borrower from funds deposited in the Federal Subaccount of the Toll Facilities Revolving Account in the Transportation Trust Fund in the maximum principal amount of $25,000,000, for purposes of paying certain costs of the Project described in Section

Appears in 3 contracts

Samples: Sib Loan Agreement, Sib Loan Agreement, Sib Loan Agreement

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SIB Loan. The CTB hereby agrees, upon the terms and conditions contained in this Loan Agreement, to authorize the SIB Loan to be made to the SIB Borrower from funds deposited in the Federal Subaccount of the Toll Facilities Revolving Account in the Transportation Trust Fund in the maximum principal amount of $25,000,00039,000,000, for purposes of paying certain costs of the Project described in SectionSection 3.4. The SIB Borrower's obligation to repay the SIB Loan shall be further evidenced by a Note in the form attached as Attachment 1. No interest shall accrue on the SIB Loan.

Appears in 1 contract

Samples: Sib Loan Agreement

SIB Loan. The CTB hereby agrees, upon the terms and conditions contained in this Agreement, to authorize the SIB Loan to be made to the SIB Borrower from funds deposited in the Federal Subaccount of the Toll Facilities Revolving Account in the Transportation Trust Fund in the maximum principal amount of $25,000,00029,021,233, for purposes of paying certain costs of the Project described in Section

Appears in 1 contract

Samples: Sib Loan Agreement

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SIB Loan. The CTB hereby agrees, upon the terms and conditions contained in this Agreement, to authorize the SIB Loan to be made to the SIB Borrower from funds deposited in the [Federal Subaccount of the Toll Facilities Revolving Account Account] in the Transportation Trust Fund in the maximum principal amount of $25,000,000, for purposes of paying certain costs of the Project described in Sectiondescribed

Appears in 1 contract

Samples: Sib Loan Agreement

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