Initial Funding Lender definition

Initial Funding Lender means Bank of America, N.A. “Law” shall have the meaning assigned thereto in the recitals.

Initial Funding Lender means the entity identified as “Initial Funding Lender” in the introductory paragraph of this Funding Loan Agreement.

Initial Funding Lender means Bank of America, N.A., a national banking association, as initial holder of the Governmental Notes.

Examples of Initial Funding Lender in a sentence

• In consideration of the origination and funding of the Funding Loan by the Initial Funding Lender, the provisions of this Funding Loan Agreement shall be part of the contract of the Governmental Lender with the Initial Funding Lender and any successors or assigns thereof in such capacity from time to time.

• The Funding Loan shall be originated and funded by the Initial Funding Lender to the Governmental Lender in accordance with Section 2.01(b) below.

• The proceeds of the Funding Loan shall be advanced by the Initial Funding Lender in installments directly to the Fiscal Agent for deposit to the Project Account upon receipt of an Advance Request and the satisfaction of the conditions to such advance set forth in the Construction Continuing Covenant Agreement and the form of requisition attached as Exhibit E hereto.

• In this scenario, the Hazardous Materials Unit will be forced to respond without the Support Unit leaving personnel without all the necessary tools and equipment.

• Unless the Fiscal Agent is instructed otherwise by the Initial Funding Lender, the Fiscal Agent shall automatically transfer amounts in the Borrower Equity Account of the Project Loan Fund to the Loan Payment Fund to pay interest on the Project Loan and Funding Loan without any need for a Requisition or other written direction.

More Definitions of Initial Funding Lender

Initial Funding Lender is defined in the Recitals of this Continuing Covenant Agreement

Initial Funding Lender means [XXXXXXX MAC SELLER/SERVICER], as initial holder of the Governmental Note.

Initial Funding Lender means [INITIAL FUNDING LENDER], as initial holder of the Governmental Note.

Initial Funding Lender is defined in the Recitals of this Project Loan Agreement.

Initial Funding Lender means Bank of America, N.A. “Law” shall have the meaning assigned thereto in the recitals. “Maturity Date” shall mean, [ ] 1, 202[ ] .

Initial Funding Lender means International Bank of Commerce, a Texas state banking corporation, as initial holder of the Governmental Note.

Initial Funding Lender means [NAME OF XXXXXXX XXX XXXXXX/SERVICER], as initial holder of the Governmental Note.