HPD Loan definition

HPD Loan means any loan made by HPD with respect to the Property. "HPD Mortgage" shall mean any mortgage held by HPD securing an HPD Loan.
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HPD Loan means the interest free mortgage loan in the amount of $1,000,000 from the HPD to the Mortgagor following the satisfaction of certain conditions.
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HPD Loan shall have the meaning set forth in Section 8.4(b).
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Examples of HPD Loan in a sentence

  • The HPD Loan, representing the aforementioned amounts identified in the Invoices submitted between the Depletion Date and the Final Completion Date and interest thereon, if not sooner paid, shall be due and payable by AMERALIA to HPD on the Final Completion Date.

  • Projects are not funded under an HPD Loan Program should include a development budget and evidence of financing commitments with Application Package.

  • The total liability to the City was $18,640,000 on October 31, 1999.The Corporation under its DSP has initiated an HPD Loan Servicing Program.

  • Capital financing for the NYC Supportive Housing Initiative is available through the Supportive Housing Loan Program and other existing HPD Loan Programs.

  • At a minimum, the commitment letter must provide for the guaranteed payment of the HPD Loan in full on or before the date specified in this Agreement.

  • All amounts expressed in any such Invoice shall bear interest at an annual rate of ten percent (10%), compounded monthly, accruing from the fifteenth (15th) day of the month in which AMERALIA receives the corresponding Invoice until all such amounts are paid by AMERALIA to HPD (all such amounts loaned by HPD, as well as all accrued interest, being hereinafter referred to as the "HPD Loan").

  • Upon the occurrence of a Default by AMERALIA or HPD, the HPD Loan shall be accelerated and shall be due and payable to HPD immediately after any such Default.

  • If the HPD Loan is not paid in full by the date which is nine (9) months after the Mechanical Completion Date, the preceding ten percent (10%) interest rate will change to a variable rate which is equal to the sum of (i) the prime rate of interest published from time to time in the Money Rate Section of the Wall Street Journal, plus (ii) seven percent (7%), which new rate shall apply retroactively commencing on the Mechanical Completion Date.

Related to HPD Loan

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • 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.

  • 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”.

  • Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Advance has the meaning given in Section 2.1.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Incremental Loan has the meaning set forth in Section 2.14(b).