Funding Loan definition

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.
Funding Loan means the loan in the original aggregate maximum principal amount of$[ ] made by the Funding Lender to the Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.
Funding Loan has the meaning provided in Section 4.03 hereof.

Examples of Funding Loan in a sentence

  • If the Forward Commitment Maturity Date is extended by Xxxxxxx Xxx in accordance with the Xxxxxxx Xxx Commitment and the Construction Phase Financing Agreement, the first principal payment date under the Funding Loan Amortization Schedule shall automatically be extended to the first day of the month immediately succeeding the Conversion Date (with the succeeding principal installments remaining consistent with the original schedule but for them occurring on later dates).

  • The unpaid principal balance of the Governmental Note shall be paid on the dates and in the amounts set forth on the initial Funding Loan Amortization Schedule provided on the Closing Date and attached as Schedule 1 to the Governmental Note (the “Funding Loan Amortization Schedule”) if the Conversion Date occurs on or prior to the initial Forward Commitment Maturity Date.

  • The terms used in this Funding Loan Agreement (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Funding Loan Agreement and of any amendment or supplement hereto shall have the respective meanings specified below.

  • In the event the initial Funding Loan Amortization Schedule is modified in accordance with this Section 2.12(d), a replacement Funding Loan Amortization Schedule will be provided by the Xxxxxxx Xxx Seller/Servicer which will be attached to the Governmental Note on the Conversion Date.

  • The Funding Loan shall bear interest payable on each Funding Loan Payment Date at the Interest Rate and shall mature on the Maturity Date, subject to scheduled monthly principal payments as provided in Section 2.01(e) below and optional and mandatory prepayment prior to maturity as provided in Article III hereof.


More Definitions of Funding Loan

Funding Loan means the funds advanced by the Funding Lender to or for the account of the Governmental Lender and applied by the Governmental Lender to make the Borrower Loan.
Funding Loan is defined in the Recitals of this Funding Loan Agreement.
Funding Loan means the loan in the maximum aggregate principal amount of
Funding Loan means the loan originated hereunder by the Bank to the Governmental Lender in an aggregate principal amount of up to $2,220,000, evidenced by the Funding Loan Note, for the purpose of enabling the Governmental Lender to make the Borrower Loan to the Borrower pursuant to the terms of the Borrower Loan Agreement.
Funding Loan means the loan in the aggregate principal amount of $40,000,000 made to the Governmental Lender pursuant to this Funding Loan Agreement by the Initial Funding Lender.
Funding Loan. The loan from the Funding Lender to the Governmental Lender under the Funding Loan Agreement to provide the Governmental Lender funds to lend the Borrower Loan under the Borrower Loan Agreement.