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

  • For avoidance of doubt, the outstanding principal balance of the Loan, unreduced by the funds contained in Governmental Loan Holding Fund, shall bear interest in accordance with Section 2.2.

  • The Department shall not take any action or omit to take any action with respect to the use of proceeds of any Governmental Loan or Private Activity Loan, or the projects financed or refinanced with such proceeds, upon the advice or approval of Bond Counsel other than Xxxxx Xxxx LLP, unless the Department delivers to the Bank a new opinion of Bond Counsel in form and substance satisfactory to the Bank in its sole discretion.

  • If, on or before the Initial Maturity Date, the Obligations are repaid in full, the funds contained in the Governmental Loan Holding Fund shall be released to Borrower in connection with such repayment.

  • Notwithstanding any other provision of this Regulatory Agreement, this Regulatory Agreement may be terminated upon agreement by the Governmental Lender, the Fiscal Agent and the Owner, upon receipt by the Governmental Lender and the Fiscal Agent of an opinion of Tax Counsel to the effect that such termination will not adversely affect the exclusion from gross income of interest on the Governmental Loan Note for federal income tax purposes.

  • With respect to each Tax-Exempt Loan, the Department shall further designate in the Request for Advance whether such Tax-Exempt Loan is a Governmental Loan or a Private Activity Loan.

  • Administrative Agent may require an inspection of the Projects at Borrower’s expense prior to making a monthly disbursement in order to verify completion of replacements and repairs for which reimbursement is sought.[Summit Healthcare] 24(c) Establishment of Governmental Loan Holding Fund.

  • The Department shall have the option to convert (a) the unpaid principal amount of any Taxable Loan to a Taxable Term Loan, (b) the unpaid principal amount of any Governmental Loan to a Tax-Exempt (Governmental) Term Loan, and (c) the unpaid principal amount of any Private Activity Loan to a Tax-Exempt (Private Activity) Term Loan, in each case on the Revolving Loan Maturity Date, if the conditions set forth in Section 3.07 hereof are satisfied on the Revolving Loan Maturity Date.

  • Each Request for Advance shall be signed by a Designated Representative and shall specify: (A) whether the requested Advance shall be a Tax-Exempt Loan or a Taxable Loan and (B) the LIBOR Period applicable to such Revolving Loan; provided, further that with respect to a Tax-Exempt Loan, the Department shall also specify whether such loan will be a Governmental Loan or Private Activity Loan.

  • No. 08-45, Guaranty Ordinance Securing the Bergen County Improvement Authority=s Obligations in Connection with a Proposed Governmental Loan Program for Governmental Entities Located in the County of Bergen in an Aggregate Principal Amount Not Exceeding$23,500,000 5.7. ON FILE IN BOROUGH CLERK=S OFFICE:2008 Closter Community Guide ALSO DISTRIBUTED:Minutes of Regular Meeting held July 9, 2008 Work Session Notes of July 9, 2008.


More Definitions of Governmental Loan

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.
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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 Wastewater System, 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.
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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.
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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.
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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.
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Governmental Loan. Any BIDP Loan, EDF Loan, EDS Loan, MELF Loan or ----------------- Redevelopment Authority Loan.
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Related to Governmental Loan

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

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

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.