Refunded Loan definition

Refunded Loan means all or any portion of the currently outstanding 2020 Loan Agreement that the Enterprise determines to prepay as set forth in the Sale Certificate.
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Refunded Loan means the 2011 Authority Bond.
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Refunded Loan means the loan from the Council to the Borrower funded from the proceeds of the Refunded Bonds and secured by the Refunded Loan Agreement.
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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 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 Issuer and the Commission will not accelerate the maturity of, or exercise any option to prepay before maturity, the Refunded Loan or the 2005B Bonds except to the extent set forth in the preceding sentence.

  • On the date and in the amounts set forth on Schedule A, the Escrow Agent, which is also acting as the Trustee under the Prior Indenture, shall pay an amount equal to a sum sufficient to pay the Annual Refunded Loan Debt Service coming due on such date, as shown on Schedule A, to be used to pay principal and interest on the 2005B Bonds.

  • A bond with a face value of $1,000 that pays a total of $80 in coupons every year has a coupon rate of 8%.

  • The holders of the 2005B Bonds shall have an express first lien on the funds in the Refunded Loan Escrow Account until such funds are used and applied as provided in this Agreement.

  • In addition to that, The HI versus OI plot can assist in identifying the three basic kerogen types (i.e. Type I “highly oil prone”, Type II “oil prone” and Type III “gas prone”) of Tissot and Welte (1984) as shown in Fig.

  • After making the payments from the Refunded Loan Escrow Account described in Subsection 4(i) above, the Escrow Agent shall retain in the Refunded Loan Escrow Account any remaining cash in the Refunded Loan Escrow Account in excess of the Refunded Loan Escrow Requirement until the termination of this Agreement, and shall then pay any remaining funds to the Issuer.

  • As it relates to the principal amounts of the Refunded Loan, the Commission hereby acknowledges that the Refunded Loan evidenced by the Prior Loan Agreement shall be hereby terminated upon the deposit hereunder.

  • 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.


More Definitions of Refunded Loan

Refunded Loan means the outstanding loan made to the Issuer by the Commission from the proceeds of the 2005B Bonds.
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Refunded Loan means the loan previously undertaken from the Council by the Borrower dated as of May 1, 2002 to be refinanced through a new financing in order to achieve savings.
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Related to Refunded Loan

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Loan repayment means the cancellation and repayment of loans

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Existing Loan means the loan identified on Exhibit H.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Maximum Revolving Advance Amount means $25,000,000.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.