MHP Loan definition

MHP Loan has the meaning set forth in Section 1.1(i)(iii).
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MHP Loan means the loan evidenced by the MHP Notes. --------
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MHP Loan means a loan obtained by Tenant pursuant to the Multifamily Housing Program (―MHP‖) implemented by HCD pursuant to authority granted by the MHP Regulations, in an amount of up to Dollars ($ ). ―MHP Regulations‖ shall mean the state statutes and implementing regulations promulgated in California Health and Safety Code Section 50657, et seq., and 25 Cal. Code Regs. Section 7300, et seq., and the Uniform Multifamily Regulations set forth at 25 Cal. Code Regs. Section 8300, et seq., respectively and collectively. ―Mortgage‖ has the meaning set forth in Section 18.1 of this Ground Lease. ―Mortgagee‖ has the meaning set forth in Section 18.1 of this Ground Lease. ―New Ground Lease‖ is defined in Section 18.10(c)(8).
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Examples of MHP Loan in a sentence

  • Developer shall provide social services to tenants of the Apartment Complex in accordance with the terms of the MHP Loan and the supportive services plan and regulatory agreement entered into by Developer in connection with the MHP Loan as well as requirements imposed by other Project funding sources.

  • Interest and Payment: The initial term of the Loan shall be at least fifty-five (55) years, and it shall commence on the date of recordation of the MHP Loan documents.

  • It appears that if your project was funded from an MHP Loan it is not eligible for NPLH funding from this source.

  • No 3) Lender/Source: CA HCD MHP Loan 4) Lender/Source: Deferred Developer FeeResidual ReceiptsExt.:916-263-4655Hector LevyaSacramento2020 W.

  • In addition, Developer has applied for an MHP Loan from the MHP Supportive Housing Program administered by HCD in an amount of $2,950,000 as permanent financing for the Project.

  • In January 2010, Jeremy called Jessica's mother, crying uncontrollably.

  • In the event that the Sponsor secures better pricing, this resulting increase in equity would reduce the MOHCD loan.• HCD MHP Loan ($25,000,000): The Sponsor is requesting less than the maximum award amount under MHP in order to remain competitive for an award.

  • Sterling View MHP Loan Revenue – Transfer $11,000 to reserve funds.

  • Mayer, President, and in his absence, Marysol Perez, Secretary, are hereby authorized to execute the MHP Loan Documents, and any amendment or modifications thereto, on behalf of the Corporation for itself and as Managing General Partner of the Borrower; and BE IT RESOLVED FURTHER: That this Resolution No. 21-3C shall take effect immediately upon its passage.

  • While searching, Wilkinson broke off from her and Weber to look for defendant down Pistakee Road.


More Definitions of MHP Loan

MHP Loan means the loan awarded to Borrower to permanently finance the Project by the State of California Department of Housing and Community Development.
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MHP Loan has the meaning set forth in Section 1.1(h)(ii). (uu) "Net Proceeds of Permanent Financing" means the amount by which Permanent Financing exceeds the Final Development Costs.
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MHP Loan means that certain loan to be made by the State of California Department of Housing and Community Development in the amount of $2,629,300.
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MHP Loan means a permanent financing loan from HCD pursuant to the MHP Program.
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Related to MHP Loan

  • PPP Loan has the meaning set forth in Section 3.28.

  • 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.

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

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • 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.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • 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;

  • 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.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Commercial loan means a loan that is not made primarily for

  • Initial Loan is defined in Section 2.1.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • 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.

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

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • 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.

  • Term Loan as defined in Section 2.1.

  • Wet Loan means a wet-funded first or second lien Mortgage Loan which is underwritten in accordance with the Underwriting Guidelines and does not contain all the required Mortgage Loan Documents in the Mortgage File.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.