Authority loans definition

Authority loans means loans by the authority to institutions of higher education for the purpose of funding education loans.
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Authority loans means education loans by the authority, or loans by the authority from the proceeds of bonds for the purpose of funding education loans;
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Authority loans or “Authority Loan”, as applicable, mean loans by the Palm Desert Housing Authority to the Developer in the amount of: (i) $1,965,539 to pay the purchase price for the Phase I Parcel and (ii) $4,789,461 to pay the purchase price for the Phase II Parcel and construction costs for the Phase II Development.
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Examples of Authority loans in a sentence

  • The proceeds of the Authority Loans shall be used to fund the acquisition (pay the purchase prices) of the Parcels, and the remainder of the Authority Loan for the Phase II Development shall be used for construction costs of the Phase II Development.

  • In connection with the annual repayment of the Authority Loans, the Developer shall furnish to the Authority an Annual Financial Statement.

  • The Developer shall have the right to prepay the Authority Loans at any time.

  • AUTHORITY LOAN PROVISIONS 19 Section 5.1 Authority Loans 19 Section 5.2 Use of Authority Loan 20 TABLE OF CONTENTS PAGE Section 5.3 Delivery of Promissory Notes 20 Section 5.4 Term of the Authority Loan 20 Section 5.5 Interest 20 Section 5.6 Disbursement of Authority Loans 20 Section 5.7 Repayment Schedule 21 Section 5.8 Reports and Accounting of Residual Receipts 21 Section 5.9 Non-Recourse 22 ARTICLE 6.


More Definitions of Authority loans

Authority loans means education loans by the authority, or loans
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Authority loans means the Authority Loan (Plans) and the Authority Loan (Property and Construction).
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Authority loans means the loans provided by Authority to Developer pursuant to the Agreement to assist the Developer acquire the Property and with the costs Developer incurs in developing the Project.
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Related to Authority loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Administrative authority means the state or local official responsible for the administration and enforcement of this act.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Other Loans means one or more Classes of Other Revolving Loans and/or Other Term Loans that result from a Refinancing Amendment.

  • Administrative agency or "agency" means each board, bureau, commission, department, or other administrative unit of the executive branch of state government, including one or more officers, employees, or other persons directly or indirectly purporting to act on behalf or under authority of the agency. An administrative unit located within or subordinate to an administrative agency must be treated as part of that agency to the extent it purports to exercise authority subject to this chapter. The term administrative agency does not include:

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Borrowings means the plural thereof.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.