Examples of Refunded Loan in a sentence
Due to the complicated nature of the financings, the ability of the Council to access additional markets, and for the Borrower to receive the benefits of lower interest rates and issuance costs, it is hereby determined that it is in the best interest of the Borrower that the Loan to the Borrower be made from the proceeds of the Bonds, as opposed to the Borrower borrowing funds pursuant to a public sale in order to accomplish the refinancing of the Refunded Loan.
The refunding of the Refunded Loan in the manner herein provided is hereby authorized.
If any component of the Refunded Loan to be refunded is not paid for out of the proceeds of the Loan at the Closing of the Loan, the Borrower shall on or before , 2016, pay the remaining cost of the Refunded Loan to be refunded directly to the Escrow Agent for deposit by the Escrow Agent into the Escrow Account.
The amounts advanced to the Borrower net of the costs of the initial issuance are to be used by the Borrower for the purpose of refunding the Refunded Bonds attributable to the Refunded Loan and thereby refinancing the costs of the projects, in accordance with the provisions of this Loan Agreement and the Escrow Deposit Agreement.
The Borrower deems it necessary, desirable, and in the best financial interest of the Borrower that the Refunded Loan be refunded in order to effectuate interest cost savings and a reduction in the debt service applicable to bonded indebtedness.
The Borrower will apply the proceeds of the Loan from the Council, together with other legally available revenues of the Borrower, for the refinancing of the Refunded Loan and thereby the refinancing of the Projects as set forth in Exhibit A hereto.
The Borrower has heretofore issued and has presently outstanding and unpaid the Refunded Loan.
The proceeds of the Refunded Loan Agreement, along with a portion of the remaining proceeds from the 2016 Hospital Loan, were used to refund the 2016 Hospital Loan and $1,026,011 on the premium from the 2016 Hospital Loan.
FINAL VA Loan Electronic Reporting Interface – VA Technician Guide Page 144 12/07/2009 Table 15: Timeframe for Reporting Basic Claim Event for Refunded Loan Claims Claim Event Means of Submission Event Due Date Basic Claim Manually through Servicer Web Portal By the refund settlement date established by VA.
Pursuant to a letter dated September 11, 2017, DOF notified the Successor Agency of its approval of Oversight Board Resolution No. 2-2017 and the refunding of the 2017 Refunded Loan Agreements.