Interim Loan definition

Interim Loan means an Interim Term Loan.

Interim Loan shall have the meaning given such term in Section 10 hereof;

Interim Loan means the principal amount allocated by the Original Purchaser and loaned to the City under the Program, equal in amount to the principal amount of the Note;

Examples of Interim Loan in a sentence

• If Bonds are issued and sold, the proceeds will be used to repay the Interim Loan and to provide additional financing for the Project as appropriate.

• The sources for the Maximum State Financing shall be limited to the proceeds of the Interim Loan, and the proceeds of the Bonds.

• The Participating County agrees and acknowledges that the Board, in its sole discretion, may elect to use the proceeds of insurance procured pursuant to this Agreement to repay the Interim Loan and related costs.

• In the event the Board determines that it is not feasible or appropriate to issue Bonds or to authorize the Interim Loan request, the Participating County is not entitled to receive the Maximum State Financing (as hereinafter defined) or other State funding for the Project, and shall not receive reimbursement from the State for any Project costs.

• Such Request shall be accompanied by an original copy of the invoice or invoices to be paid from the Interim Loan.

More Definitions of Interim Loan

Interim Loan means a Loan made on the Closing Date.

Interim Loan means a term loan made by a Lender to the Borrower pursuant to Section 2.01(a).

Interim Loan has the meaning assigned to such term in the third recital hereof.

Interim Loan means an interim borrowing provided to the Company by any of the Members prior to the SCP PIMCO Threshold Date. The terms and conditions of each Interim Loan shall be subject to Manager Approval and each of the Members shall be provided with the opportunity to participate as a lender with respect to each Interim Loan, on a pro rata basis.

Interim Loan means the Special Loans made by QUALCOMM pursuant to Section 2.2.

Interim Loan has the meaning set out in Section 2.4(a);

Interim Loan means a temporary loan, whether or not interest bearing, provided by the Trust to a Borrower in accordance with a Financing Agreement for all or any part of the Cost of a Project in anticipation of a Loan or the purchase of Local Governmental Obligations and funded by the Trust from amounts held in or for the account of the Interim Loan Fund under the Program Resolution;