Economic Aid Act definition

Economic Aid Act means the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, Pub. L. 116-260 (12/27/2020).
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Economic Aid Act means the federal Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public Law 116-260).
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Economic Aid Act means the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, Pub. L. 116-260 (12/27/2020). “Effective Time” has the meaning set forth in Section 1.2.
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Examples of Economic Aid Act in a sentence

  • Loan forgiveness of any portion of the Loan shall be the sole responsibility of Borrower and shall be subject to all requirements of the CARES Act, the Economic Aid Act, and the PPP Rules.

  • Each of the certifications made by the Company in connection with the PPP Loans were true and correct when made, and remain true and correct, and the Company properly applied for the PPP Loans in accordance with the terms of the Small Business Act, the CARES Act, the Economic Aid Act and any other applicable Law.

  • The quarter over quarter increase in premiums is largely the result of stimulus associated with the SBA program which removes the ongoing guarantee fee, typically paid by the purchaser, on loans originated under the Economic Aid Act.

  • The term Paycheck Protection Program means the SBA Paycheck Protection Program authorized and governed by the CARES Act and the Economic Aid Act.

  • Borrower certifies that the Average Monthly Payroll amount and other information set forth in Borrower’s Application made in connection with the Loan is true and correct and calculated in accordance with CARES Act, the Economic Aid Act and all applicable PPP Rules.

  • Borrower represents that Borrower is an eligible recipient of the Loan under the CARES Act, the Economic Aid Act and all applicable PPP Rules.

  • The Economic Aid Act approved by Congress during the fourth quarter of 2020 provided additional funding for a second round of PPP loans.We originated approximately $1 billion in PPP loans making us one the top PPP lenders in the country when comparing PPP loans to total loans outstanding.

  • Xxxxxxxx’s loan forgiveness may be reduced for reasons set forth in the CARES Act, the Economic Aid Act, and the PPP Rules.

  • Each of the certifications made by the Company in connection with each Forgiveness Application were true and correct when made, and remain true and correct, and the Company properly prepared and submitted each Forgiveness Application and applied for forgiveness of the entirety of the Indebtedness under the PPP Loans in accordance with the terms of the Small Business Act, the CARES Act, the Economic Aid Act and any other applicable Law.

  • Under the Economic Aid Act enacted on December 27, 2020, the SBA will again make payments on covered loans for three months beginning with the first payment due on the loan on or after February 1, 2021.


More Definitions of Economic Aid Act

Economic Aid Act means the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (P.L.116-260), as amended. “Loan” means the loan evidenced by this Note, the Confirmation Letter and the other Loan Documents. “Loan Origination Date” means the date the Loan is approved as stated in the Confirmation Lender. “Paycheck Protection Program” means the SBA Paycheck Protection Program authorized and governed by the CARES Act and the Economic Aid Act. “PPP Rules” means the Paycheck Protection Program rules, directives, and regulations made by the SBA or United States Treasury. “SBA” means the Small Business Administration, an Agency of the United States of America. PAYMENT TERMS: Borrower must make all payments at the place Lender designates. The payment terms for this Note are: 1 Zions Bancorporation, N.A. Member FDIC Version 2.15 DocuSign Envelope ID: A2D5535F-6368-4532-BB4E-EB976A6FB6C6 586332.00 California Bank & Trust THIS IS A COPY The Authoritative Copy of this record is held at XX0.xxxxxxxx.xxx COPY VIEW
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Economic Aid Act means the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public Law 116-260), as may be amended, modified or supplemented from time to time.
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Related to Economic Aid Act

  • Economic abuse means any behaviour that has a substantial adverse effect on B’s ability to—

  • Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • economic activity means putting goods or services on a market. It is not necessary to make a profit to be engaged in economic activity: if others in the market offer the same good or service, it is an economic activity.

  • Economic Sanctions refers to sanctions imposed by the U.S. government in response to Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The EO directs state agencies to terminate contracts with, and to refrain from entering any new contracts with, individuals or entities that are determined to be a target of Economic Sanctions. Accordingly, should the State determine Contractor is a target of Economic Sanctions or is conducting prohibited transactions with sanctioned individuals or entities, that shall be grounds for termination of this agreement. The State shall provide Contractor advance written notice of such termination, allowing Contractor at least 30 calendar days to provide a written response. Termination shall be at the sole discretion of the State.

  • Non-Regulatory Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of starts or available run hours resulting from (i) the physical equipment limitations of the unit, for up to one year, due to original equipment manufacturer recommendations or insurance carrier restrictions, (ii) a fuel supply limitation, for up to one year, resulting from an event of Catastrophic Force Majeure; and,

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • European Economic Area means the member nations of the European Economic Area pursuant to the Oporto Agreement on the European Economic Area dated May 2, 1992, as amended.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • U.S. Economic Sanctions is defined in Section 5.16(a).

  • National Road Traffic Act means the National Road Traffic Act, 1996 (Act 93 of 1996);

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Atomic Energy Act means the Atomic Energy Act of 1954, as amended.

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • Indian-owned economic enterprise means any Indian-owned (as determined by the Secretary of the Interior) commercial, industrial, or business activity established or organized for the purpose of profit, provided that Indian ownership constitutes not less than 51 percent of the enterprise.

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • parent mixed financial holding company in a Member State means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in that same Member State;

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • Broad-Based Black Economic Empower-ment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Self-Regulatory Organization means any association of investment advisers or securities dealers registered under the federal securities laws, or any Exchange.

  • Privacy Regulations means the Privacy and Electronic Communications (EC Directive) Regulations 2003 as amended in 2004, 2011, 2015 and 2016 and as may be further amended from time to time;

  • Provincial Minister means the member of the Cabinet of the Province of Western Cape responsible for local government;

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

  • Export Control Laws means all applicable export and re-export control laws and regulations, including (a) the Export Administration Regulations (“EAR”) maintained by the U.S. Department of Commerce, (b) trade and economic sanctions maintained by the U.S. Treasury Department’s Office of Foreign Assets Control, and (c) the International Traffic in Arms Regulations (“ITAR”) maintained by the U.S. Department of State.

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • Foreign terrorist organization means an organization designated as a foreign terrorist organization by the United States secretary of state as authorized by 8 U.S.C. Section 1189.