Project Loan definition

Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $1,300,000, as evidenced by the Project Note.

Project Loan means a loan made to a recipient by the state from the Clean Water Fund.

Examples of Project Loan in a sentence

• Amounts shall be transferred into the Project Loan Account and disbursed to the Governmental Agency upon receipt of a “Request for Reimbursement”, as described below, executed by an Authorized Officer, and approved by the Authority and the State Department of Public Health and Environment; provided that the Disbursement of the Loan may be withheld if the Governmental Agency is not complying with any of the covenants and conditions in the Loan Agreement.

• For each year in which the Governmental Agency requests a disbursement from the Project Loan Subaccount, the Governmental Agency shall conduct its annual audit in accordance with the federal Single Audit Act, 31 U.S.C. 7501 et seq.

• The Authority has created in the Water Pollution Control Revolving Fund a Project Loan Account from which 80% of the design and engineering Costs of the Project shall be paid.

• The Funding Lender shall have no indemnification obligations with respect to the Governmental Note or the Project Loan Documents.

• Wherever used in this Project Agreement, unless the context otherwise requires, the terms defined in the Project Loan Agreement and in the Loan Regulations (as so defined) have the respective meanings therein set forth.

More Definitions of Project Loan

Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the maximum aggregate principal amount of

Project Loan means a loan made to a municipality from the local bridge revolving fund and evidenced by the municipality’s project loan obligation.

Project Loan means (i) a loan granted by a Project Loan Entity to a Project Entity (other than any Project Entity into which a Project Equity Investment has been made) or (ii) a loan granted by the Issuer or a Project Holdco to a Project Entity into which a Project Equity Investment has been made.

Project Loan is defined in the Recitals of this Funding Loan Agreement.

Project Loan means the loan to the Borrower pursuant to the Project Loan Documents, which Project Loan is to be assigned to the Fiscal Agent.

Project Loan means the loan being made by Lender to Borrower pursuant to this Project Loan Agreement in the principal amount of up to the Project Loan Amount.

Project Loan means the moneys loaned from the Fund to finance the Project and, except for principal forgiven, if any, required to be repaid pursuant to this Agreement;