CDOT Backup Loan definition

CDOT Backup Loan means any loan made by CDOT to the Borrower pursuant to the terms of a CDOT Backup Loan Agreement and the Intra-Agency Agreement.
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CDOT Backup Loan means any loan made to HPTE by CDOT pursuant to Section V ofthe IAA as a CDOT Backup Loan thereunder.
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Examples of CDOT Backup Loan in a sentence

  • To the extent the Net Revenues (as they are first required to be applied in the 2024 Loan Agreement) are inadequate, or are expected to be inadequate, in any fiscal year to fully pay the HPTE O&M Obligations for such fiscal year, HPTE may request a CDOT Backup Loan to fund such shortfall.

  • In accordance with C.R.S. §43-4-806(4), upon receipt of any money from CDOT from a CDOT Backup Loan, the Borrower shall deposit such money into the I-70 MEXL Operating Account.

  • The Borrower shall provide a copy to the Lender of any correspondence from CDOT regarding the approval or denial of a CDOT Backup Loan.

  • As soon as available, a report detailing HUTF revenues received by CDOT for each applicable Fiscal Year that would have been available to make a CDOT Backup Loan to the Borrower, commencing with Fiscal Year ending June 30, 2021.

  • In the event CDOT is to provide the Borrower with a CDOT Backup Loan, the I-70 MEXL Operating Account (the “I-70 MEXL Operating Account”) will be created as a special account within the statewide transportation enterprise operating fund pursuant to C.R.S. §43-4-806(4).

  • The Borrower shall not make any reimbursement payment under a CDOT Backup Loan while any Loan Obligations remain outstanding.

  • Promptly upon requesting the same, notice of any request for a CDOT Backup Loan pursuant to Section IIB or Section IIC of the Intra-Agency Agreement; provided that the Borrower shall promptly notify the Lender of any anticipated request for a CDOT Backup Loan prior the actual making of the request.

  • The Borrower agrees to use its best efforts and all available legal means to cause CDOT to extend to the Borrower CDOT Backup Loans pursuant to the Intra-Agency Agreement and execute a CDOT Backup Loan Agreement, when needed to repay any Loan Obligations hereunder and to have the same approved by the State Comptroller.

Related to CDOT Backup Loan

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Eligible advance means an advance made before August 19, 1993.