Principal Forgiveness means that a reduction of a percent- age of the total loan amount is not required to be paid back by the borrower. Principal forgiveness is applied when the project is com- plete.
Principal Forgiveness means the amount of money awarded pursuant to this Agreement and subsequent amendments that is not to be repaid.
Principal Forgiveness means additional subsidization that allows a borrower to repay only a specified portion of the loan principal.
Examples of Principal Forgiveness in a sentence
Following the inspection, deadlines for submitting additional disbursement requests, if any, shall be established, along with deadlines for uncompleted Loan or Principal Forgiveness requirements, if any.
The Project Sponsor may be required to reimburse the Department for the Principal Forgiveness funded cost of any such part, taking into consideration any increase or decrease in value.
Principal Forgiveness will be applied at the time of Loan disbursement.
Additional Subsidies may be awarded in the form of Principal Forgiveness, to the extent available, and in accordance with all federal regulations.
Arkansas provides additional subsidization in the form of Principal Forgiveness.
More Definitions of Principal Forgiveness
Principal Forgiveness means that a reduction of a percentage of the total loan amount is not required to be paid back by the borrower. Principal forgiveness is applied when the project is complete.
Principal Forgiveness means the portion of a loan that does not have to be repaid.
Principal Forgiveness means a loan wherein a portion of the loan amount is "forgiven" upon closing the loan. The terms for principal forgiveness will be as directed by section 4 of this rule and by the Drinking Water Board.
Principal Forgiveness means that a reduction of up to fifty percent of the total loan amount is not required to be paid back by the borrower. For a DWSRF emergency loan, principal for giveness is a reduction of up to seventy-five percent of the total loan amount. Principal forgiveness is applied when the project is com plete.
Principal Forgiveness means Financial Assistance received in the form of forgiveness of Loan principal amounts pursuant to the Act or this FAA.
Principal Forgiveness means a loan wherein a portion of the loan amount is forgiven (not required to be repaid) upon closing the loan.