Examples of RE Act in a sentence
As a condition of a loan or loan guarantee under the RE Act, borrowers are normally required to enter into RUS loan agreements pursuant to which the borrower agrees to use RUS standard forms of contracts for construction, procurement, engi- neering services and architectural services financed in whole or in part by the RUS loan.
An annual fee equal to 30 basis points (0.3 percent) of the amount of the unpaid principal of the guarantee bond will be deposited into the Rural Economic Development Sub- account maintained under section 313(b)(2)(A) of the RE Act.
Loan guarantee means a loan guar- antee under Section 306 of the RE Act.
After submit- ting an application, borrowers shall promptly notify RUS of any changes or events that materially affect the appli- cation or any information in the appli- cation.(b) In reviewing borrower requests for approval of mergers, RUS will consider the likely effects of the action on the ability of the successor to provide reli- able electric service at reasonable cost to RE Act beneficiaries and on the se- curity of outstanding RUS loans.
The term in- cludes such mortgages regardless whether third parties are mortgagees with RUS.Supplemental lender means a private lender whose loan to the borrower is secured under an RUS mortgage.Telephone loan means a loan made by FFB and guaranteed by RUS under sec- tion 306 of the RE Act for telephone service.