Common Contracts
1 similar Participation Loan Agreement contracts
Green Jobs/Green New York Small Business / Not-for-Profit Participation Loan AgreementParticipation Loan Agreement • January 27th, 2017
Whereas, the Green Jobs / Green New York Act of 2009 authorized NYSERDA to offer loans to support energy efficiency retrofits in Small Business (SB) and Not-for-Profit (NFP) facilities. NYSERDA developed a loan product, the Participation Loan, in which NYSERDA will partner with Lenders to provide funds towards loans expected to be made between Lenders and SB / NFP Applicants to finance eligible energy-efficiency improvements per NYSERDA-approved Requests for Financing. Such funds will equal 50% of an eligible loan amount, as approved by NYSERDA, up to a maximum of
