SIB Loan definition

SIB Loan means Loan # 231001/ PID # 115599 made by and through the State of Ohio
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SIB Loan means collectively, the State funded State Infrastructure Loan made to the Authority by the State of Florida Department of Transportation (“FDOT”) pursuant to that certain Loan Agreement dated February 1, 2006 in the initial principal amount of $4,500,000 (the “Original SIB Loan”) and the State-Funded State Infrastructure Loan to be made to the Authority by FDOT in a principal amount not exceeding $4,000,000 to be used to finance a portion of the Berth Rehabilitation Project (the “New SIB Loan”).
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SIB Loan means the loan made to the Issuer pursuant to the Loan Agreement and Section 339.55, Florida Statutes, in the maximum initial principal amount of Twenty Five Million Five Hundred Thousand and 00/100 Dollars ($25,500,000.00).
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Examples of SIB Loan in a sentence

  • Information on the SIB Loan application process is contained in Exhibit Y.

  • The SIB Loan will not bear interest, but will be repaid in full by the Developer on or before the Financial Close Date or as required by the terms of Section 20.04 if this Agreement is terminated for failure to reach Financial Close by the Financial Close Deadline.

  • In the event the CTB terminates this Agreement pursuant to Section 5.1, the SIB Borrower shall cease all further Early Work and, within ten (10) business days following delivery of notice of termination, the SIB Borrower: (i) shall wire to an account designated by the Department a sum equal to the outstanding amount of the SIB Loan.

  • The SIB Borrower hereby covenants and agrees that so long as the SIB Loan is outstanding, the design and construction of the Project will comply with all Federal requirements that generally apply to projects under Title 23 to the extent applicable to the loan of federal funds under this Agreement for the purposes set forth in Section 3.4.

  • The SIB Loan will be limited recourse in nature and will be due and payable as required by Section 3.3. The SIB Borrower covenants and agrees to repay the SIB Loan from funds available for the Project as identified in this Agreement, the Comprehensive Agreement and the Project Financing Agreements.

  • The entire principal of the SIB Loan shall be due and payable on the earliest to occur of the following: (i) the Financial Close Date (as defined by the Comprehensive Agreement), (ii) the occurrence of a default under this Agreement or the Comprehensive Agreement or (iii) on or before the terms outlined in Section 350(e)(7) of the National Highway Designation Act of 1995.

  • Upon the occurrence of an Event of Default that has not been fully cured within the specified timeframe, the CTB may elect, by delivery of notice to the SIB Borrower, to terminate this Agreement and to require immediate repayment of the SIB Loan in full subject to the provisions of Section 4.2 and/or to resort to any other available remedies, including those liabilities outlined in Section 20.04 of the Comprehensive Agreement.

  • Proceeds of the SIB Loan shall be used only for payment of costs for Early Work, as described in and in accordance with Exhibit B-3 to the Comprehensive Agreement (the "Scope of Early Work") and Exhibit B-2 to the Comprehensive Agreement (the “Initial Baseline Schedule"), as these exhibits may be updated or amended by mutual agreement of the parties.

  • This SIB Loan Note is made by Obligor pursuant to Section 3.1 of the SIB Loan Agreement dated as of [•] (the "SIB Loan Agreement") by and among the CTB and Obligor and evidences the obligation of Obligor to repay the SIB Loan which has been made to it pursuant to the SIB Loan Agreement and to pay interest on the unpaid principal amount thereof as provided in the SIB Loan Agreement.

  • On or before the Financial Close Date, the Developer will repay amounts related to the SIB Loan and Early Work Department Funding in accordance with Section 7.06(e)(ii).


More Definitions of SIB Loan

SIB Loan means that certain draw down loan extended by the SIB to the City and the County in the original principal amount of $18,240,000, but in no event to exceed $28,095,903.00 in the total principal amount.
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SIB Loan means the $30,000,000.00 financing to be obtained by FEC from the SIB.
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Related to SIB Loan

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

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

  • Term Loan has the meaning specified in Section 2.01(b).

  • 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.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • 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”.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

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

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

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

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • 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.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.