MIF Grant definition

MIF Grant means the grant of funds by the State to the Lender pursuant to the Grant Contract.
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MIF Grant means the award of funds by the State to the Lender pursuant to the Grant Contract Agreement.
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MIF Grant means the grant of funds by the State to the Lender pursuant to the Grant Contract. "Project" means the Borrower’s purchase of machinery and equipment as described in Exhibit B. "State" means the Minnesota Department of Employment and Economic Development.
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Examples of MIF Grant in a sentence

  • The Borrower’s obligations under this Loan Agreement are expressly contingent on the Lender’s receipt of the MIF Grant from the State in an amount adequate to make the Loan.

  • The MIF Grant will be used by the City to make a loan to the Borrower of not more than $250,000 for the purchase of machinery, equipment, and tenant improvements.

  • The MIF Grant will be used by the Lender to make a loan to the Borrower of not more than $400,000.00 for the purchase of equipment, automation tooling, molds, manufacturing cells and fixtures.

  • Project: Expansion project, including rehabilitation of 1777 Oakdale Ave Year of assistance: 2015Type of assistance: Forgivable loanAmount of assistance: $15,000 + $50,000 (in conjunction with $500,000 MIF Grant) Note: State Grants involved so agreement included provision requiring compliance with Prevailing Wage Ord.

  • RGPIN-2020-06999 and RGPAS- 2020-00064; the Canada Research Chairs (CRC) Pro- gram; Canadian Institute for Advanced Research (CI- FAR); and a Government of Alberta Major InnovationFund (MIF) Grant.

  • Lender has agreed to make a loan to Borrower, funded pro rata with the MIF Grant and the RLF Loan in the total amount of $400,000.00.

  • The MIF Grant will be used by the Lender to make a loan to the Borrower of not more than $500,000 to assist with the purchase of equipment.

  • The City Council hereby accepts the MIF Grant in the amount awarded by DEED and, subject to approval by DEED of the City’s application for the MIF Grant, hereby approves (i) entering into the Grant Agreement with DEED, (ii) entering into the MIF Loan Agreement with the Developer, and (iii) loaning the proceeds of the MIF Grant pursuant to the MIF Loan Agreement and any related documents referred to therein or necessary in connection therewith.

  • This City Council shall meet on Tuesday, May 3, 2022 at 7:00 p.m. to hold a public hearing on request to amend the Grant Contract which Daiken holds with the Minnesota Department of Employment and Economic Development for a MIF Grant.

  • The City Council hereby approves (i) the Abatement Agreement, (ii) subject to approval by DEED of the City’s application for the MIF Grant, the MIF Loan Agreement and the Grant Agreement, and (iii) any related documents referred to therein or necessary in connection therewith (collectively, the “Documents”).

Related to MIF Grant

  • Notice of Grant means a written or electronic notice evidencing certain terms and conditions of an individual Option grant. The Notice of Grant is part of the Option Agreement.

  • Date of Grant means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.

  • Grant Award The Provider is required to match the grant award as required in the rules implementing the Federal Victims of Crime Act. Match contributions equal to 20 percent (cash or in-kind) of the total cost of each VOCA project (VOCA grant funds plus match contributions) must be reported monthly to the OAG. All funds designated as match contributions are restricted in the same manner and to be expended for the same uses as the VOCA victim assistance grant funds and must be expended within the grant period. Unless otherwise approved by the OAG, match contributions must be reported on a monthly basis in an amount consistent with the amount of funding requested for reimbursement.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Grant Letter means the letter dated March 2019 from the Commissioner to the Recipient which sets out supplementary information in relation to the Grant.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Grant Agreement means the agreement entered into by the Parties, including the Signature Document, these Uniform Terms and Conditions, along with any attachments and amendments that may be issued by the System Agency.

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

  • Grant Agreement/Grant Number means Grant Number [Grant Agreement Number] awarded to Grantee.

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • PSU means Public Sector Undertaking

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Other Stock Award Agreement means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Award Letter means the letter from the Customer to the Supplier printed above these terms and conditions;

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

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

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).