CNI Loan definition

CNI Loan means the loan of all of the funds raised pursuant to this Offering by the Corporation to CNI as more particularly described in Item 2.9.2 herein.
Sample 1Sample 2Sample 3
CNI Loan means the loan of CNI funds made by MOHCD to Borrower for the Project. "Completion Date" has the meaning set forth in Section 5.6.
Sample 1
CNI Loan means the loan of CNI funds made by MOHCD to Borrower for the Project.
Sample 1

Examples of CNI Loan in a sentence

  • No regular interest will be charged on the CNI Loan, but during the CNI Permanent Loan Period, principal and contingent interest will be due and payable annually from contingent cash flow in accordance with the CDA program requirements and applicable loan documents.

  • Following construction completion, the CNI Loan will have a permanent loan period (the “CNI Permanent Loan Period”) of 40 years.

  • In the event that CNI defaults in its obligations under the CNI Loan, the Corporation will have to enforce its security registered against CNI.

  • If the Corporation’s security under the CNI Loan is subordinated and the collateral is realized upon, lenders with security interests in priority to the Corporation's will take priority over the disposition of any of CNI’s assets, with the result that there may be insufficient assets to repay the indebtedness under the CNI Loan.

  • Business Results from changes in Industry Conditions: The CNI Loan will be used to allow CNI to underwrite Factoring Transactions.

  • The CNI Loan is secured by way of a general security agreement securing all present and after-acquired personal property of CNI in favour of the Corporation.

  • Following Conversion, the Borrower shall repay the Authority CNI Loan to the Authority from Cash Flow to the extent available until the Loan Maturity Date, when all remaining unpaid principal and interest shall be due and payable, all as more fully and particularly provided in the Authority CNI Note.

  • The CNI Loan Agreement provides that, the Corporation and CNI agree that the Corporation may from time to time direct CNI to pay the Bondholders directly on the Corporation’s behalf payments of principal, interest or any other payments due and owing by the Corporation to the Bondholder or for any other payments to third parties referenced in the CNI Loan Agreement.

  • The Authority’s obligation to disburse the proceeds of the Authority CNI Loan to the Borrower shall be contingent on the Authority’s receipt of funds from HUD under the CNI Grant Agreement.

  • A return on investment for a purchaser of Offered Bonds depends upon CNI and its ability to meet its payment obligations under the CNI Loan.

Related to CNI Loan

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • 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”.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Daily SOFR Loan means a Loan that bears interest at a rate based on Daily SOFR.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Term Loan has the meaning specified in Section 2.01(b).

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Initial Loan is defined in Section 2.1.

  • Existing Loan means the loan identified on Exhibit H.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria: