Incentive loan definition

Incentive loan means a loan described in Section 53B-10-202.
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Incentive loan means an incentive loan awarded by an institution to a full-time student who has met the eligibility criteria as established by the Board of Regents.
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Incentive loan means the loans up to the amount of the Incentive Loan Amount made to Lakeland IDB under Section 2.2 of this Agreement. $ .
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Examples of Incentive loan in a sentence

  • Commencing on the first Monthly Payment Date following the closing of the Loan and on each Monthly Payment Date thereafter, Lake District shall make a payment of accrued and unpaid interest to Lender on sums advanced on the Construction Loan and the Incentive Loan, respectively, for the period of time outstanding since the last Monthly Payment Date (each such payment, a “Monthly Debt Service Payment”).

  • The Project Fund and Tax Increment Fund shall at all times be subject to the unrestricted right of set-off by the Lender in the event of any Event of Default hereunder or any other failure to pay any amount due on the Incentive Loan.

  • To the extent of any interest of the Lakeland IDB therein, all moneys in the Project Fund and Tax Increment Fund, including, without limitation, any earnings thereon and proceeds thereof are hereby pledged to the payment of the principal of and interest on the Incentive Loan, and the Lakeland IDB hereby grants to the Lender a security interest therein.

  • Nothing contained in this Section 11.28 shall (x) be deemed to be a release or impairment of the indebtedness evidenced by the Incentive Loan or the lien of this Agreement or any of the Loan Documents except for the nonrecourse provisions of the immediately preceding sentence, or (y) preclude the Lender from realizing on the collateral described in the Loan Documents in the event of an Event of Default.

  • The Incentive Loan shall be executed on behalf of the Lakeland IDB with the manual signature of the Chairman, the Secretary, President or other duly authorized officer of the Lakeland IDB.

  • The proceeds of the Incentive Loan shall be used solely to pay or to reimburse the Developer for Eligible Costs actually incurred by or on behalf of Lake District for the construction and development of the Project in accordance with the Plans and Specifications and in accordance with the Budget and for no other purpose.

  • Borrower shall cause all revenues and other amounts payable to Borrower under the Development Agreement to be deposited directly into an account maintained for the benefit of Lender, and all proceeds thereof shall be paid by Borrower to Lender as a mandatory prepayment of the Incentive Loan, such payment to be applied against the remaining installments of principal in the inverse order of their maturities until the Loan is repaid in full.

  • Upon receipt of a Disbursement Request and satisfaction of the conditions set forth in Section 5, Lender shall make disbursements of the Incentive Loan to the Project Fund to pay or to reimburse the Developer for Eligible Costs [DISCUSS MECHANICALLY].

  • The aggregate amount of disbursements shall not exceed the Incentive Loan Amount.

  • The Lender is hereby authorized to receive and hold all the collateral described in this Section 9.4 as security for the Incentive Loan and all amounts due hereunder.

Related to Incentive loan

  • Defective Loan is any Mortgage Loan as to which there is an unremedied Material Defect.

  • 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”.

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

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

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

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

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

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan as defined in Section 2.1.

  • PIK Loan has the meaning set forth in Section 3.02(d).