Examples of Borrower Contribution in a sentence
If the moneys available from the proceeds of the sale of the Bonds and investment income thereon shall not be sufficient to pay the Project Costs in full, the Borrower shall pay from the Subordinate Loans, the Borrower Contribution and, to the extent necessary, its own funds all of that portion of the Project Costs in excess of the moneys available therefor from the sale of the Bonds and investment income thereon.
Money representing the Borrower Contribution held in the Administrative Expenses Account to pay Costs of Issuance sixty (60) days after closing the sale of the Bonds shall be released by Trustee to Borrower.
The Borrower Contribution shall be deposited in the Borrower Contribution Subaccount as set forth in Section 6.01.
YES NO The Borrower Contribution is cash or property that is part of the Project Property and is not derived from an SBA business loan program.
On the fifteenth day of each month, investment income on money in the Borrower Contribution Subaccount of the Project Fund shall be transferred to the Bond Fund.