Monthly Loan Deposit definition

Monthly Loan Deposit means the monthly deposit to be made by the Local Government to the Loan Debt Service Account.
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Monthly Loan Deposit means the monthly deposit to be made by the Local Borrower to the Loan Debt Service Account.
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Examples of Monthly Loan Deposit in a sentence

  • The investment earnings shall be credited to the Loan Debt Service Account and applied toward the Monthly Loan Deposit requirements.

  • The sixth Monthly Loan Deposit shall be at least equal to the amount required to make the total on deposit in the Loan Debt Service Account equal to the Semiannual Loan Payment amount, taking into consideration investment earnings credited to the account pursuant to Section 3.02.

  • If for any reason construction is not completed as scheduled, there shall be no resulting diminution or delay in the Semiannual Loan Payment or the Monthly Loan Deposit.

  • Any month in which the Local Government fails to make a required Monthly Loan Deposit, the Local Government’s chief financial officer shall notify the Department of such failure.

  • Any month in which the Project Sponsor fails to make a required Monthly Loan Deposit, the Project Sponsor’s chief financial officer shall notify the Department of such failure.

  • However, there shall be no resulting diminution or delay in the Semiannual Loan Payment or the Monthly Loan Deposit.

  • Any month in which the Local Borrower fails to make a required Monthly Loan Deposit, the Local Borrower’s chief financial officer shall notify the Department of such failure.

  • If for any reason the Project is not completed as scheduled, there shall be no resulting diminution or delay in the Semiannual Loan Payment or the Monthly Loan Deposit.

  • Any month in which the Project Sponsor fails to make a required Monthly Loan Deposit, the Project Sponsor’s Authorized Representative shall notify the Department of such failure.

  • If for any reason planning, design, and construction is not completed as scheduled, there shall be no resulting diminution or delay in the Semiannual Loan Payment or the Monthly Loan Deposit.