Opportunity Loan definition

Opportunity Loan means a loan to any student who, because of his/her credit history or lack of credit history, does not have access to student loans on reasonable terms.
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Examples of Opportunity Loan in a sentence

  • Within five (5) business days following the Effective Date of this Agreement, MusclePharm and INI Buyer (collectively, the “Warrant Parties”) shall execute the Warrant Agreement, attached hereto as Exhibit B.

  • Under President Lyndon Johnson’s War on Poverty, the Economic Opportunity Loan (EOL) program was authorized under the Economic Opportunity Act in 1964.

  • In accordance with SHB 5577 “An Act Concerning Responsible Lending and Economic Security,” as amended, there is established a Homeowner's Equity Recovery Opportunity Loan Program as an additional purpose of the Authority pursuant to the provisions of subdivision (32) of section 8- 250 of the general statutes.

  • Oregon City Entrepreneurial Opportunity Loan Program James Graham, Economic Development Manager, introduced the program.

  • Both organizations agree to provide $50,000 each to the Entrepreneurial Opportunity Loan Program, for a total fund of $100,000.

  • The Entrepreneurial Opportunity Loan Program is designed to be a source of “patient capital” for startup businesses less than three years old.

  • City Council consideration of the establishment of a Small Business Emergency Response Fund using dollars from the City's existing Greater Montrose Opportunity Loan Fund, Downtown Opportunity Loan Fund, and remaining Downtown Development Authority Operational Account monies, for a total of $300,000, to be made available to small businesses who have suffered significant negative impacts from the COVID-19 emergency, with amounts up to $5,000 per loan, 12 months of deferred repayment, at zero % interest.

  • Express Recovery Opportunity Loan Program was created in 2015 a part of the RISE After Disaster Act.

  • The RFA may be participating in this Farm Opportunity Loan Program with you, to the extent of the lesser of: 45% of the principal or $45,000 maximum for an individual or 45% of the principal or $180,000 maximum per group.

  • Mayor Breneman, updated council on various activities in the city: 1) JumpStart Entrepreneurial Network recognized the success of Wooster’s Opportunity Loan Fund (WOLF) at their annual meeting.

Related to Opportunity Loan

  • Opportunity Cost means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6.

  • Opportunity has the meaning set forth in Section 8.1(a).

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Competitive Loan Exposure means, with respect to any Lender at any time, the aggregate principal amount of the outstanding Competitive Loans of such Lender.

  • 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.

  • Existing Loan means the loan identified on Exhibit H.

  • Direct Loan means any loan made by Canada under section 6.1 of the CSFAA on or after August 1, 2000.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

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

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Fat wood means pieces of wood kindling with high naturally-occurring levels of sap or resin which enhance ignition of the kindling. “Fat wood” does not include any kindling with substances added to enhance flammability, such as wax-covered or wax-impregnated wood-based products.

  • Historically black college or university means an institution determined by the Secretary of Education to meet the requirements of 34 CFR 608.2.

  • Committed Loan has the meaning specified in Section 2.01.

  • Affordable Housing Cost means an amount satisfied by:

  • Community college means a community college established under Iowa Code chapter 260C.

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Consult collegially means that the district governing board shall develop policies on academic and professional matters through either or both of the following methods, according to its own discretion:

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

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

  • 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.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

  • Housing Provider means, with respect to a HOME Development, Local Government, consortia approved by HUD under 24 CFR Part 92, for-profit and Non-Profit Developers, and qualified CHDOs, with demonstrated capacity to construct or rehabilitate affordable housing.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Combined Loan-to-Value Ratio or CLTV As of any date and as to any Second-Lien Mortgage Loan, the ratio (expressed as a percentage) of the (a) sum of (i) the outstanding principal balance of the Second-Lien Mortgage Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second-Lien Mortgage Loan and which are secured by the same Mortgaged Property to (b)

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • Graduate medical education and disproportionate share fund or “GME/DSH fund” means a reimbursement fund developed as an adjunct reimbursement methodology to directly reimburse qualifying hospitals for the direct and indirect costs associated with the operation of graduate medical education programs and the costs associated with the treatment of a disproportionate share of poor, indigent, nonreimbursed or nominally reimbursed patients for inpatient services.