Loan or grant definition

Loan or grant means moneys to be made available to governmental agencies by the authority for the purpose of defraying all or any part of the total costs incidental to construction or acquisition of any infrastructure project;
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Loan or grant means moneys to be made available to governmental agencies by
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Examples of Loan or grant in a sentence

  • Each Lender may transfer by novation all or any of its rights and obligations under the Finance Documents or assign all or any such rights or sell participations in its portion of the Loan or grant security over its rights under the Finance Documents to one or more other Persons in accordance with this Clause 13.11 (Lender Transfers, Assignments and Participations).

  • Each Lender may transfer by novation all or any of its rights and obligations under the Finance Documents or assign all or any such rights or sell participations in its portion of any part of the Loan or grant security over its rights under the Finance Documents to one or more other Persons in accordance with this Clause 13.11 (Lender Transfers, Assignments and Participations).

  • Each request (or deemed request) by Borrower for funding of a Loan or grant of an accommodation shall constitute a representation by Borrower that the foregoing conditions are satisfied on the date of such request and on the date of such funding, issuance or grant.

  • This Loan Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and permitted assigns, except that the Borrower shall not have the right to assign its rights hereunder or any interest therein and Bank shall not have the right to assign any part of the Loan or grant participations therein without the consent of the Borrower whose consent shall not be unreasonably withheld.

  • If Lender intends to assign all or any portion of the Loan or grant any participation interest in the Loan (such assignment or participation, a “ROFO Transfer”) to any Limited Transferee, provided that no Event of Default shall have occurred and be continuing, Borrower shall have a right of first offer (the “ROFO”) with respect thereto upon the following terms and conditions (the “ROFO Procedures”).

  • The Lender may assign, negotiate, pledge or otherwise hypothecate all or any portion of the Loan or grant participations therein, or in any of its rights and security hereunder and under the other Loan Documents, and the Borrower shall accord full recognition thereto.

  • Mortgagee may, at any time and at no cost to Mortgagor or any guarantor, sell, transfer or assign the Note, this Mortgage and the Related Agreements, and any or all servicing rights with respect to the Loan, or grant participations in the Loan or issue mortgage pass-through certificates or other securities evidencing a beneficial interest in the Loan.

  • Each request (or deemed request) by the Borrowers for funding of a Loan or grant of an accommodation shall constitute a representation by the Borrowers that the foregoing conditions are satisfied on the date of such request and on the date of such funding or grant.

  • Lender shall not sell, transfer or assign the Loan Documents or any of the security for the Loan, or grant participations therein, or syndicate the Loan, to any Person which is not (a) an Affiliate of, or Controlled by, the ▇▇▇▇ Family and/or (b) one or more Institutional Lender(s).

  • Lender may assign, negotiate, pledge or ---------------------- otherwise hypothecate all or any portion of the Loan or grant participations therein, or in any of its rights and security hereunder and under the other Loan Documents, and Borrower shall, upon written notice of the same, accord full recognition thereto.

Related to Loan or grant

  • California Participant means a Participant whose Award is issued in reliance on Section 25102(o) of the California Corporations Code.

  • Permitted Bid means a Take-over Bid made by an Offeror by way of take-over bid circular which also complies with the following additional provisions: (i) the Take-over Bid is made to all holders of Voting Shares as registered on the books of the Corporation, other than the Offeror; (ii) the Take-over Bid contains, and the take-up and payment for securities tendered or deposited is subject to, an irrevocable and unqualified provision that no Voting Shares will be taken up or paid for pursuant to the Take-over Bid: (A) prior to the close of business on the date which is not less than 105 days following the date of the Take-over Bid or such shorter minimum period that a take-over bid that is not exempt from any of the requirements of Division 5 Bid Mechanics of NI 62-104 must remain open for deposits of securities, in the applicable circumstances at such time, pursuant to NI 62-104 and (B) only if, at the close of business on the date the Voting Shares are first taken up or paid for under such Take-over Bid, more than 50% of the Voting Shares held by Independent Shareholders shall have been deposited or tendered pursuant to the Take-over Bid and not withdrawn; (iii) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that Voting Shares may be deposited pursuant to such Take-over Bid at any time during the period of time described in Paragraph (A) and that any Voting Shares deposited pursuant to the Take-over Bid may be withdrawn until taken up and paid for; and (iv) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that in the event that the deposit condition set forth in Paragraph (B) is satisfied the Offeror will make a public announcement of that fact and the Take-over Bid will remain open for deposits and tenders of Voting Shares for not less than 10 days from the date of such public announcement;

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Restricted Transaction means a transaction or transmittal, on behalf of an individual who places an unlawful drug importation re- quest to any person engaged in the operation of an unregistered foreign pharmacy, of—

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.