Examples of Project Loan Agreement in a sentence
The Obligor is using the proceeds of the Funding Loan to make a loan to Mission Bay 9 LP, a California limited partnership (the “Borrower”) pursuant to the Project Loan Agreement dated as of June 1, 2020 (the “Project Loan Agreement”), among the Obligor, the Borrower and the Fiscal Agent.
The Governmental Lender may rely conclusively on any written notice or other document furnished to it hereunder or under the Project Loan Agreement and reasonably believed by it to be genuine.
The Servicer shall promptly notify the Fiscal Agent, the Funding Lender Representative and the Governmental Lender in writing of any failure of the Borrower to make any payment of principal of, Prepayment Premium, if any, and interest on the Funding Loan when due or to pay any fees due hereunder or under the Project Loan Agreement, and the Fiscal Agent and the Governmental Lender shall not be deemed to have any notice of such failure unless it has received such notice in writing.
Notwithstanding any prepayment of the Project Loan Agreement and notwithstanding a discharge of the Project Loan Agreement or the Note, the Owner shall continue to pay the City’s annual administrative fee as calculated and described below.
Payment to the Fiscal Agent for its services and reimbursement to the Fiscal Agent for its expenses, disbursements, liabilities and advances, shall be limited to the sources described in the Project Loan Agreement and in Sections 4.06, 4.11 and 6.05 hereof.