CDBG Loan definition

CDBG Loan has the meaning set forth in Paragraph L of the Recitals.
Sample 1
CDBG Loan shall have the definition given that term in Section 6.9(d)(iii) of this Agreement.
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CDBG Loan means the loan from the City to Borrower, in the amount and pursuant to the terms and conditions set forth in this Note and the other CDBG Loan Documents.
Sample 1

Examples of CDBG Loan in a sentence

  • All the CDBG Loan Fund types below are required to follow applicable Federal, HUD and CDBG regulations, laws, rules and policies; MSF policies and procedures; and the content of this Grant Administration Manual (GAM) and, specifically, this chapter.

  • Pricing is required to be included in the CDBG Loan Financial Review Memo submitted by a C-RLF or RLFA.

  • A discharge of debt request on UGLG letterhead with the loan specific information, the request, and signed by an authorized CDBG Loan Fund representative; and 2.

  • No loan application or closing fees can be charged to a borrower on a CDBG Loan program loan.

  • DISBURSEMENTSAny disbursement from a C-RLF or RLFA to a business must be approved in writing (Loan Approval letter) by the State’s CDBG Loan Program Specialist in advance of the disbursement.

  • This chapter describes the Community Development Block Grant (CDBG) Loan Program (CLP) and outlines the specific requirements that apply to it.

  • When the 1st mortgage is 40 years, the term of the CDBG Loan will be 40 years.

  • The CDBG Loan Guarantee Program (Section 108 Program) is an economic and community development financing tool authorized under Section 108 of Title I of the Housing and Community Development Act of 1974, as amended.

  • This restriction does not apply to the Immediate Threat and Danger Program, the Employment Incentive Program, the CDBG Loan Guarantee Program, the Redevelopment Fund or the Innovative Grant Program.

  • At the end of the Program Year, all CDBG Program Income generated through all UGLG Programs (housing, CDBG Loan Funds, economic development projects, etc.) must be counted together to determine if the UGLG Total PI has exceeded the $35,000 limit.


More Definitions of CDBG Loan

CDBG Loan has the meaning set forth in Paragraph F of the
Sample 1
CDBG Loan means the ten-year Economic Development Fund loan in the principal amount of $500,000 to be made by the County to the IDB with moneys furnished to the County by ADECA pursuant to the CDBG Grant Agreement, the proceeds of which are to be applied by the IDB to pay or reimburse costs of acquiring and installing assets comprising part of the 1995 Project.
Sample 1
CDBG Loan means the loan in the original principal amount of Three Hundred Forty-Five Thousand Dollars ($345,000.00) from the CDBG Lender.
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CDBG Loan means the term loan from Marinette County, Wisconsin in the original principal amount of $160,000 made pursuant to the terms of the CDBG Loan Documents.
Sample 1

Related to CDBG Loan

  • PPP Loan has the meaning set forth in Section 3.28.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Term Loan as defined in Section 2.1.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.