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.
Sample 1
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

Examples of CNI Loan in a sentence

  • Without limiting the generality of the forgoing, the Borrower shall execute and deliver to the Authority the Subgrantee and Contractor Certifications and Assurances in the form attached hereto as Exhibit F in connection with the Authority CNI Loan.

  • The obligation to repay the Authority CNI Loan shall be evidenced by the Authority CNI Note in the form attached hereto as Exhibit G-1.

  • Following completion of the Project, any remaining construction cost savings shall be used (i) first, to repay the Authority Bridge Loan and (ii) second, to repay the Authority CNI Loan (the “Priority Payment on HACLA Loans”).

  • 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.

  • The maximum amount of funds to be disbursed pursuant to this Section 2.7 shall not exceed, (i) in the case of the Authority CNI Loan, [Two Million Eight Hundred Fifty Thousand Dollars ($2,850,000.00), (ii) in the case of the Authority IIG Loan, Five Million Twenty Five Thousand Dollars ($5,025,000.00), and (iii) in the case of the Authority Bridge Loan, One Million Four Hundred Forty-Five Thousand Dollars ($1,445,000.00)].

  • 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 loans, if any, made by the Sponsor or a General Partner or Affiliate of the Sponsor or a General Partner to the Partnership, including the HACLA IIG Loan, the HACLA CNI Loan and the HACLA Gap Loan identified on Exhibit A-3.

Related to CNI Loan

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

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

  • 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.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate 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 (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • 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.

  • 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 as defined in Section 2.1.

  • 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:

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.