Examples of MMRB Loan in a sentence
The Bridge Loan, if any, will close simultaneously or prior to the MMRB Loan, and sufficient amounts will be drawn from these funds at Loan Closing in order to satisfy this requirement.
The Credit Underwriter shall review the appraisals to properly evaluate the MMRB Loan request in relation to the property value.
Those working at the expected standard will be able to explain clearly that they disappeared out of sight.
Notwithstanding the foregoing, at least 50% of all HC Equity (but not less than provided for in the Syndication Agreement or such higher amount as recommended by the Credit Underwriter) required to complete construction shall be deposited with the Bond Trustee at the MMRB Loan Closing.
F.A.C., the Acknowledgement Resolution is the official action taken by the Corporation to reflect its intent to finance a Development provided that the requirements of the Corporation, the terms of the MMRB Loan Commitment, and the terms of the Credit Underwriting Report are met.
The SAIL loan and, if applicable, the MMRB Loan, each have a Construction Loan Servicing Fee to be paid as indicated.
The RRLP loan, the ELI Loan and, if applicable, the MMRB Loan, each have a Construction Loan Servicing Fee to be paid as indicated.
The Applicant shall pay all costs and expenses incurred by the Corporation in connection with the issuance of the Bonds, the expenditure of the MMRB Loan proceeds, and provision of Credit Enhancement, if any, even if such costs and expenses exceed the Cost of Issuance Fee.
Florida Housing shall appoint a Ttrustee and servicing agent when necessary to administer the pProgram and service the MMRB Loan.
If the Applicant intends to utilize Corporation-issued MMRB for the proposed Development, the requested MMRB Loan amount must be stated in Exhibit A.