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. The Trust 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

  • Further, the Trust retains the right to reject outright any De‐ minimis Loan Applicant for whom the Trust Loan Bond is a Revenue Bond, the aggregate principal amount of which will serve to increase the Trust’s exposure to De‐minimis Loan Borrowers to an amount that exceeds $10 million.

  • Further, the Trust retains the right to reject outright any De- minimis Loan Applicant for whom the Trust Loan Bond is a Revenue Bond, the aggregate principal amount of which will serve to increase the Trust’s exposure to De-minimis Loan Borrowers to an amount that exceeds 5% of the total outstanding principal amount of publicly issued Trust bonds.

  • Mapping the factors that influence the career specialty preferences by the undergraduate medical students.

  • In cases where a contract is to be awarded in lots, bids may be submitted for all or for individual lots; bids that do not cover a complete lot will not be considered.

  • 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, all in accordance with the provisions hereof.

  • For an Applicant that is a Municipality, credit support is provided in the form of (i) a Qualified Bond, and (ii) a covenant obligation on the part of the Applicant to satisfy upon issuance of such Qualified Bond, the Qualified Bond Debt Service Coverage Ratio at <80% and to immediately notify the Trust if, and when, the applicant’s Qualified Bond Debt Service Coverage Ratio exceeds 80% until the maturity of the Trust Loan Bond and Fund Loan Bond;iii.

  • Portfolio Limitations The Trust retains the right to reject outright any Applicant for whom the Trust Loan Bond is a Revenue Bond, the aggregate principal amount of which will serve to increase the Trust Revenue Bond principal exposure to anamount that exceeds 10% of the total outstanding principal amount of publicly issued Trust bonds.

  • 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$450,000, all in accordance with the provisions hereof.

  • In accordance withN.J.S.A. §40:14A-12 of the Sewerage Authorities Law and N.J.S.A. §58:11B-9(a), the Authority hereby sells and awards its (a) Trust Loan Bond to the Trust in accordance with the provisions of this resolution and (b) Fund Loan Bond to the State in accordance with the provisions of this resolution.

  • N.J.S.A. 58:11B-9(a), the Local Unit hereby sells and awards its (a) Trust Loan Bond in an aggregate principal amount not to exceed $570,000 to the Trust in accordance with the provisions hereof and (b) Fund Loan Bond in an aggregate principal amount not to exceed$1,520,000 to the State in accordance with the provisions hereof (the combined aggregate amount of the Trust Loan Bond and the Fund Loan Bond shall not exceed $1,900,000).

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-4 Master Servicer means the master servicer under the Note A-4 PSA.

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

  • Mortgage Loan File for inclusion in the Mortgage Loan File (to the extent such documents are in the possession of the Special Servicer) and copies of any additional related Mortgage Loan information, including correspondence with the Borrower Related Parties, and the Special Servicer shall promptly provide copies of all of the foregoing to the Servicer as well as copies of any analysis or internal review prepared by or for the benefit of the Special Servicer, provided that, such materials shall not include any Privileged Information.

  • 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-4 Trustee means the trustee under the Note A-4 PSA.

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

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • 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.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • 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 means, with respect to each Loan delivered to the Custodian, each of the Loan Documents identified on the related Loan Checklist.

  • 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.

  • Owner Mortgage Loan File A file maintained by the Custodian for each Mortgage Loan that contains the documents specified in Section 2.01(a) and any additional documents required to be added to the Owner Mortgage Loan File pursuant to this Agreement.