Common Contracts
1 similar Contract for Loan Guarantee Assistance contracts
CONTRACT FOR LOAN GUARANTEE ASSISTANCE UNDER SECTION 108 OF THE HOUSING AND COMMUNITY DEVELOPMENT ACTContract for Loan Guarantee Assistance • August 12th, 2019
This Contract for Loan Guarantee Assistance ("Contract") is entered into between the City of Covington, Kentucky, as Borrower (the "Borrower"), and the Secretary of Housing and Urban Development ("Secretary"), as guarantor for the Guarantee made pursuant to section 108 ("Section 108") of title I of the Housing and Community Development Act of 1974, as amended (the "Act") and 24 CFR Part 570, Subpart M, of the promissory note executed contemporaneously herewith and numbered B-13-MC-21-0001 [Economic Development Loan Pool project], in the Maximum Commitment Amount of $30,000, and any amended note or note issued in substitution for such note and having the same note number (the "Note"). This is the first Contract under the Funding Approval ("Commitment") of the same number, which was approved by the Secretary on August 1, 2014 in the amount of $4,000,000, and this Contract covers other Notes having the same Note number up to such Commitment amount. The funds paid or credited to the accoun
