Governmental Loan definition

Governmental Loan means a loan from the State or the United States of America, acting through any of its agencies, to finance improvements to the Enterprise, and the obligation of the District to make payments to the State or the United States of America under the loan agreement memorializing said loan on a parity basis with the payment of Installment Payments.

Governmental Loan means any loan made by a Governmental Agency to the District that is secured by a pledge of Net Revenues and incurred by the District to finance improvements to the Wastewater Enterprise pursuant to Section 5.9 of the Installment Sale Agreement.

Governmental Loan means a Tax-Exempt Loan, the interest on which is not included in the gross income of the holder of such Revolving Obligation for federal income tax purposes, and the proceeds of which are used to finance or refinance a Governmental Project.

Examples of Governmental Loan in a sentence

• The Funding Lender may appoint a Servicer to service and administer the Governmental Loan and/or the Borrower Loan on behalf of the Funding Lender, including without limitation the fulfillment of rights and responsibilities granted by Governmental Lender to Funding Lender pursuant to Section 2.1 of the Borrower Loan Agreement.

• In the event that the principal of and the interest on the Governmental Loan Note is paid in full prior to the termination of this Regulatory Agreement (other than by reason of the issuance of refunding bonds), the Owner shall pay to the Governmental Lender, if so requested by the Governmental Lender, an amount equal to the remaining Annual City Fees, at a present value to the date of payment (using a discount rate equal to the true interest cost of the Governmental Loan Note).

• In consideration of the issuance of the Governmental Loan Note by the Governmental Lender, the Owner has entered into this Regulatory Agreement and has agreed to restrict the uses to which this Project can be put on the terms and conditions set forth herein.

• This Regulatory Agreement and all and several of the terms hereof shall become effective upon its execution and delivery, and shall remain in full force and effect for the period provided herein and shall terminate as to any provision not otherwise provided with a specific termination date and shall terminate in its entirety at the end of the Qualified Project Period, it being expressly agreed and understood that the provisions hereof are intended to survive the repayment of the Governmental Loan Note.

• The Fiscal Agent shall not be deemed to have knowledge of any default hereunder unless the Fiscal Agent shall have been specifically notified in writing of such default by the Governmental Lender, the Administrator, the Funding Lender or by the holders of at least 25% of the Governmental Loan Note outstanding.

More Definitions of Governmental Loan

Governmental Loan means a loan to be advanced to a Borrower by a lender insured by a Governmental Lender.

Governmental Loan means a loan from the State or the United States of America, acting through any of its agencies, to finance improvements to the Enterprise, and the obligation of the District

Governmental Loan means any loan made by a Governmental Agency to the City which is secured by a pledge of Net Revenues and incurred by the City to finance improvements to the Water System or the Wastewater System pursuant to Section 5.9 of the Installment Sale Agreement.

Governmental Loan means any loan made by a Governmental Authority to the City that is secured by a pledge of Net Revenues and incurred by the City to finance improvements to the Water Enterprise pursuant to Section 4.01 of the 2020 Installment Sale Agreement.

Governmental Loan means a loan or similar arrangement from the State or the United States of America, acting through any of its agencies, to finance improvements to the Enterprise, and the obligation of the District to make payments to the State or the United States of America under the loan agreement memorializing said loan on a parity basis with the payment of Installment Payments.

Governmental Loan has the meaning given to such term in the Credit Agreement. “Governmental Project” means improvements, utilities, structures, watercraft, appliances, facilities and services as the Board may deem necessary or convenient for the promotion or accommodation of maritime commerce, navigation or fishery, or for any use in connection therewith, or upon the lands and waters, or interests therein, in the possession and under the management, supervision and control of said Board, or for the payment of the cost of acquiring or taking such real property or any interest therein that the Board may deem necessary or convenient for such purposes. As more fully set forth in the Tax Certificate, all Governmental Projects must not be used in connection with a “private business use” within the meaning of Section 141(b) of the Code and the Treasury Regulations and rulings thereunder nor must the proceeds of the Governmental Revolving Obligations be used to make a “private loan” as defined in, and except to the extent permitted by, Section 141(c) of the Code and the Treasury Regulations and rulings thereunder.

Governmental Loan. Any BIDP Loan, EDF Loan, EDS Loan, MELF Loan or ----------------- Redevelopment Authority Loan.