UDAG Loan definition

UDAG Loan means the 6.5% UDAG Promissory Note UDAG Loan due February 1, 2010 under which Bowater Newsprint South Operations LLC (f/k/a Newsprint South, Inc.) is the borrower.
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UDAG Loan means the $2,000,000 in original principal amount City of Peshtigo Loan issued pursuant to U.D.A.G. Grant No. B-83-AB-55-0064 to Badger due August 31, 1999 of which $1,581,805.80 remains outstanding.
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UDAG Loan means the term loan from the City of Peshtigo, Wisconsin in the principal amount of $1,690,552.14 as of the Closing Date made pursuant to the UDAG Loan Documents.
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Examples of UDAG Loan in a sentence

  • The UDAG Loan shall be secured by a deed of trust or mortgage in favor of Lender upon all land, buildings, fixtures, equipment and other assets of the Borrower comprising the Project, as defined by this Loan Agreement and UDAG Grant Agreement #B-82-AB-34-0223.

  • UDAG Loan Agreement due 2010 with interest rates from 5-6.5% $ 7.3 BOWATER MARITIMES INC.

  • That, to the Lender’s knowledge, Borrower is not in default under the UDAG Loan and no condition exists that, with the giving of notice or passage of time, would constitute a default under the UDAG Loan.

  • The deed of trust or mortgage shall also contain standard provisions to protect the interest of the second mortgagee, including, for example, a provision that a default under the first mortgage which could permit a foreclosure by the first mortgagee shall constitute a default under the second mortgage and the unpaid principal balance and interest of the UDAG Loan shall become immediately due and payable.

  • No representation or warranty made by Borrower in this Agreement, the UDAG Loan Documents, the Wisconsin Business Bank Loan Documents or the CDBG Loan Documents, or in any financial statement, report, certificate or any other document furnished in connection herewith or therewith contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements herein or therein not misleading.

  • As non-standard shipments are unique, the specific situations are to be discussed and agreed to by both Patheon and [INSERT CLIENT NAME] prior to shipment.

  • If either Member receives a notice to the Company under any agreement to which the Company is a party or otherwise, including, without limitation, the Hotel Lease, Hotel Sublease, Hotel Management Agreement, Garage Lease, Garage Management Agreement, Office Management Agreement, Office Lease, Financial Agreement and UDAG Loan Documents, such Member shall forward a copy of such notice to the other Member as provided in Section 13.1.A.

  • Furnish Agent as soon as available, but in any event within ten (10) days after the issuance thereof, (i) with copies of such financial statements, reports and returns as Borrower shall send to its stockholders and (ii) copies of all notices, reports, statements, certificates and similar items sent or received pursuant to the UDAG Loan Documents, the Wisconsin Business Bank Loan Documents and the CDBG Loan Documents and not otherwise provided hereunder.

  • Upon receipt, Landlord shall pay to Tenant the net loan proceeds of that certain $1 million HUD Economic Development Initiative and/or Recycled UDAG Funds (the "UDAG Loan") referred to in Paragraph 31(a)(ii) of this Lease.

  • There is no fact known to Borrower after reasonable investigation which Borrower has not disclosed to Agent in writing with respect to the transactions contemplated by the UDAG Loan Documents, the Wisconsin Business Bank Loan Documents, the CDBG Loan Documents, the Sale/Service Documents or this Agreement which could reasonably be expected to have a Material Adverse Effect.


More Definitions of UDAG Loan

UDAG Loan has the meaning set forth in Recital B.
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UDAG Loan has the meaning set forth in Recital B.
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Related to UDAG Loan

  • 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.

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

  • 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.

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

  • PPP Loan has the meaning set forth in Section 3.28.

  • Existing Loan means the loan identified on Exhibit H.

  • 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;

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • 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.

  • Initial Loan is defined in Section 2.1.

  • Commercial loan means a loan that is not made primarily for

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • 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.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Term Loan as defined in Section 2.1.

  • FHA Loan A Mortgage Loan which is the subject of an FHA Insurance Contract as evidenced by a Mortgage Insurance Certificate.