City Loan has the meaning set forth in Paragraph D of the Recitals.
City Loan has the meaning set forth in Section 1.1(k)(i).
City Loan means the loan by the City to Developer of Affordable Housing Bond Proceeds in a principal amount not to exceed SEVENTEEN MILLION ONE HUNDRED SIXTY THOUSAND DOLLARS ($17,160,000), as described in the Method of Financing (Attachment No. 3). The City Loan shall be evidenced by the City Loan Note (Attachment Nos. 8B and 8C) and secured by the City Deed of Trust (Attachment Nos. 9A and 9B), and other City Loan Documents.
Examples of City Loan in a sentence
The City/RACM intend to reasonably tailor the City Loan documents to match the required parameters of the Senior Loan with respect to payment timing, subordination, funds in balance, and other issues.
Defaults: Failure of Developer to comply with the requirements of the City Loan documents (including but not limited to non-payment of interest or principal, use of Available Cash for unauthorized purposes, failure to submit required documentation, failure to complete the project, commission of fraud or other violations, defaulting on Senior Loan) shall be deemed Events of Default.
More Definitions of City Loan
City Loan shall have the meaning ascribed thereto in the seventh recital to this Loan Agreement.
City Loan means the total amount of Municipal Funds, if applicable, advanced to the Proponent, in accordance with the Funding Schedule;
City Loan means each loan made by the City to the Developer Members and the City Defeasance Trust, as co-borrowers, in connection with the Non-Public Costs for a Developer Improvement, the terms of which are to be documented as provided for in ARTICLE X hereof.
City Loan means loan(s) from the City of San Xxxx to Lessee.
City Loan means the loan in the approximate amount of Five Million Fifty-Six Thousand and Ninety-Four Dollars ($5,056,094) made from City to the Lessee pursuant to the Disposition Agreement.
City Loan means the $600,000 subordinate loan made by the Vallejo Housing Authority to the Borrower to finance a portion of the costs of the Project.
City Loan means the loan of funds from the City to the Borrower as provided in this City Loan Agreement and City Note.