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.
Sample 1Sample 2Sample 3
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.
Sample 1
UDAG Loan means the 6.5% UDAG Promissory Note UDAG 1.267 Loan due February 1, 2010 under which Bowater Newsprint South Operations LLC (f/k/a Newsprint South, Inc.) is the borrower.
Sample 1

Examples of UDAG Loan in a sentence

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

  • 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.

  • 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.

  • Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances (deficit) for the General, Library, Day Care, UDAG Loan Repayment, Liquid Fuels and CDBG Program Income.

  • 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.

  • Hollywood UDAG Loan On December 1, 2002, CRA/LA signed a promissory note at 5.50 percent interest rate involving receipt of$4,250,000 Urban Development Action Grant (UDAG) funds from the City, to pay a portion of the CRA/LA’s acquisition for the Live Broadcast Theater in the Hollywood Redevelopment Project area.

  • Virginia Code 2.2-3711 (A) 8 – Consultation with legal counsel employed or retained by a public body regarding specific legal matters requiring the provision of legal advice by such counsel regarding a UDAG Loan amendment.5.a.Minutes of the Pulaski Town Council Work Session held at 5:00 p.m. Tuesday, February 19, 2019 in the Council Chambers of the Town Municipal Building at 42 First Street, N.W.In attendance were:Mayor: David L.

  • Out of Order:4:04 PM Alan Nash-Pelletier motions to enter into executive session for Article 13 an application for abatement of local property tax (Under 36 M.R.S.A. § 841) and to discuss a UDAG Loan Amendment (1 M.R.S.A. 405(6)(F)).

  • The amount remaining uncollected from the UDAG Loan is$846,331.00.

  • 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.


More Definitions of UDAG Loan

UDAG Loan has the meaning set forth in Recital B.
Sample 1
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.
Sample 1

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 Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “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 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.

  • Existing Loan means the loan identified on Exhibit H.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • 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.

  • 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).

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

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • 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 means a Loan made pursuant to Section 2.01.

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

  • FHA Loan means a Mortgage Loan which is the subject of an FHA Mortgage Insurance Contract.

  • Member Loan is defined in Section. 3.03(b).