Examples of Risk Share Program Loan Agreement in a sentence
Amounts on deposit in the 2024 Series B Restricted Loan Subaccount shall be disbursed from time to time by the Trustee for the purpose of paying costs of the Willow Park Housing Facility that are approved by the Authority pursuant to the terms, conditions and provisions of the applicable Risk Share Program Loan Agreement or Construction Loan Agreement.
The Trustee shall have no duty to determine whether any requested disbursement from the 2024 Series B Restricted Loan Subaccount complies with the terms, conditions and provisions of the applicable Risk Share Program Loan Agreement or Construction Loan Agreement.
The Willow Park Risk Share Program Loan and the tax-exempt portion of the Willow Park Construction Loan shall be considered to be fully disbursed upon deposit of the proceeds of the 2024B Bonds pursuant to Section 4.1 hereof for the purposes of computing the amount of interest due each month on the Borrower’s Risk Share Promissory Note (as defined in the Risk Share Program Loan Agreement) and the Borrower’s Tax-Exempt Note (as defined in the Construction Loan Agreement) to the Authority.