Trust Loan Bond definition

Trust Loan Bond means a senior lien bond issued by a Borrower to the NJEIT in order to evidence and secure the Trust Loan repayment obligations of such Borrower to the NJEIT, all in connection with the financing of all or a portion of an Environmental Infrastructure Project pursuant to N.J.S.A. 59:11B‐1 et seq. TheTrust may, in its discretion, accept a Junior Lien Bond, subject to certain covenant obligations in lieu of a senior lien bond.
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Examples of Trust Loan Bond in a sentence

  • The Trust Loan Bond and the Fund Loan Bond shall be substantially in the form set forth in the Trust Loan Agreement and the Fund Loan Agreement, respectively.

  • The law guarantees Smith the right to practice his faith free from unnecessary interference, including at the moment the State puts him to death.

  • The indenture of trust pursuant to which the Privately Owned Water System issues its Trust Loan Bond and Fund Loan Bond shall include (i) a debt service coverage ratio covenant, (ii) a rate covenant and (iii) a debt incurrence test, each deemed to be acceptable by the Trust;iii.

  • The Trust Loan Bond shall be issued in a single denomination and shall be numbered R-1.

  • Each Borrower Trust Loan Bond is assigned by the Trust to the trustee (the “Trustee”) for the series of Bonds that financed the Trust Loan of any such Borrower.

  • In accordance with N.J.S.A. 40A:2-27(a)(2) of the Local Bond Law and N.J.S.A. 58:11B-9(a), the Local Unit hereby sells and awards its Trust Loan Bond to the Trust and its Fund Loan Bond to the State, in a total aggregate principal amount not to exceed $1,076,000, all in accordance with the provisions hereof.

  • The repayment obligations of the Borrower, pursuant to the Trust Loan Agreement, are evidenced and secured by a bond, note or other obligation issued by or on behalf of the Borrower in favor of the Trust (the “Borrower Trust Loan Bonds”) pursuant to the terms of the Borrower’s bond ordinance or resolution authorizing the issuance of such Borrower Trust Loan Bond (the “Borrower Trust Loan Bond Resolutions”).

  • The obligations of certain Special Obligation Series 2012 Borrowers (the “Junior Lien Series 2012 Borrowers”) to repay their respective Series 2012 Trust Loans will be payable from funds made available by such Special Obligation Series 2012 Borrowers under their respective subordinate lien Series 2012 Borrower Trust Loan Bond Resolutions.

  • However, the Series 2012A Financing Program does not require the funding of a Series 2012A Borrower Debt Service Reserve Fund to secure the Series 2012A Borrower Bonds, and, therefore, some, but not all, Series 2012A Borrower Trust Loan Bond Resolutions require the funding of a Series 2012A Borrower Debt Service Reserve Fund.

  • The indenture of trust or bond resolution pursuant to which the Authority issues its Trust Loan Bond and Fund Loan Bond shall include (i) a debt service coverage ratio covenant, (ii) a rate covenant and (iii) a debt incurrence test, each deemed to be acceptable by the Trust;iii.

Related to Trust Loan Bond

  • Trust Loan means the portion of the Mortgage Loan evidenced by the Lead Securitization Notes.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Mortgage Loan File As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage Loan File pursuant to this Agreement.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Note A-3 Trustee means the trustee under the Note A-3 PSA.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Note A-3 Securitization means the first sale by the Note A-3 Holder of all or a portion of Note A-3 to a depositor who will in turn include such portion of Note A-3 as part of the securitization of one or more mortgage loans.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Loan File With respect to each Loan, a file containing (a) each of the documents and items as set forth on the Loan Checklist with respect to such Loan and (b) duly executed originals and copies of any other relevant records relating to such Loans and the Underlying Assets pertaining thereto.

  • Note A-2 Trustee means the trustee under the Note A-2 PSA.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.