Deferred Payment Loan definition

Deferred Payment Loan means a loan that is repayable or partially repayable upon the occurrence of a specified event as determined by the authority.

Deferred Payment Loan means a loan repayable in accordance with clause 6.6(d);

Deferred Payment Loan means Funds provided to a borrower under terms that calls for repayment to be delayed for a certain length of time, until certain circumstances change, or a certain threshold is met.

Examples of Deferred Payment Loan in a sentence

• The funding will begin as a Deferred Payment Loan at 0% interest until Clearance is obtained.

• City has the right to accelerate the payment of the loans, as evidenced by Exhibits "C" and "D", respectively, upon breach of this Agreement by Borrower, and City further has the right to declare that the entire principal amount of the Forgivable Deferred Payment Loan, and the entire outstanding principal advanced and all accrued interest under the terms of the Amortized Loan are immediately due and payable by Borrower to City at the time of the contract breach.

• HOME Program funds will be disbursed on behalf of the DEVELOPER under the following terms and conditions; HOME funds are provided as a Deferred Payment Loan at 0% interest.

• These costs will be funded as follows: AWARD $218,800.00* FUND SOURCES $79,000.00 (36.1%) – Applicant’s Share Department of Housing and Community Development Deferred Payment Loan $139,800 (63.9%) State’s Share MCCBL 2009, Community Health Facilities Funds CAPITAL GRANTS AND LOANS ITEM 8-CGL (Cont.) REMARKS *The State is participating in 63.9% of the acquisition cost of $218,000.00, as well as 63.9% of the cost of appraisals ($800.00).

• The Loan Agreement for such Eligible Xxxxxx Loan is substantially in the form of one of the Deferred Payment Loan Agreements attached to Schedule 3 hereto or any other form of Loan Agreement provided to and deemed satisfactory by Agent.

More Definitions of Deferred Payment Loan

Deferred Payment Loan. A Mortgage Loan with respect to which the Mortgagor has elected to defer the first Scheduled Payment for 120 days or less after the date of origination of such Mortgage Loan.

Deferred Payment Loan means a loan for rehabilitation or acquisition and rehabilitation of rental housing developments made from the Housing Rehabilitation Loan Fund.

Deferred Payment Loan means a loan which allows the borrower to defer all the monthly principal and interest payments until the maturity date of the promissory note, at which time, all of the outstanding principal loan balance and all accrued interest is due and payable or paid in such other amounts and at such times as determined and approved by TOKA.

Deferred Payment Loan. Any Mortgage Loan as to which the Mortgagor, at origination, elected, in accordance with the terms of the related Mortgage Note, to defer the first two or three payments due thereunder.

Deferred Payment Loan means the Community Development Block Grant funds allocated by the Community Development Committee to an eligible household to rehabilitate an eligible property with an understanding and an agreement that the sum of the principal and interest will be repaid at the time the property is transferred to a new owner, when a life estate terminates, or when the property is no longer the applicant's principal place of residence.

Deferred Payment Loan means a loan that is repayable or

Deferred Payment Loan means a loan made by the Department to an eligible household, rental sponsor or cooperative from the Fund pursuant to Article 5 of this subchapter.