Funding Loan definition

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.

Funding Loan means the loan in the original aggregate maximum principal amount of$[ ] made by the Funding Lender to the Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

Funding Loan has the meaning provided in Section 4.03 hereof.

Examples of Funding Loan in a sentence

• If by the terms of this Governmental Lender Note or of the Funding Loan Agreement, Obligor is required to pay interest at a rate in excess of such Maximum Rate, the rate of interest hereunder or thereunder shall be deemed to be reduced immediately and automatically to such Maximum Rate, and any such excess payment previously made shall be immediately and automatically applied to the unpaid balance of the principal sum hereof and not to the payment of interest.

• AUSTIN HOUSING PUBLIC FACILITY CORPORATION, as Governmental Lender By: Name: Xxxxx XxXxxx Title: Treasurer ATTEST: By: Name: Xxxxx Xxxx Title: Secretary CERTIFICATE OF AUTHENTICATION This Governmental Lender Note is issued under the provisions of and described in the within mentioned Funding Loan Agreement.

• Notwithstanding any other provision of the Funding Loan Agreement to the contrary, THE GOVERNMENTAL LENDER SHALL BE OBLIGATED TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON, THIS GOVERNMENTAL LENDER NOTE SOLELY OUT OF THE SECURITY, INCLUDING PLEDGED REVENUES.

• This Governmental Lender Note is a special limited obligation of the Obligor, payable solely from the Pledged Revenues and the other funds and moneys and security pledged and assigned under the Funding Loan Agreement.

• In the event that amounts held derived from proceeds of the Borrower Loan, condemnation awards or insurance proceeds or investment earnings thereon are applied to the payment of principal due on this Governmental Lender Note in accordance with the Funding Loan Agreement, the principal amount due hereunder shall be reduced to the extent of the principal amount of this Governmental Lender Note so paid.

More Definitions of Funding Loan

Funding Loan means the loan in the aggregate principal amount of $41,000,000 made to the Governmental Lender pursuant to this Funding Loan Agreement by the Initial Funding Lender.

Funding Loan means the funds advanced by the Funding Lender to or for the account of the Governmental Lender and applied by the Governmental Lender to make the Borrower Loan.

Funding Loan means the loan originated hereunder by the Bank to the Governmental Lender in an aggregate principal amount of up to $[16,517,000], evidenced by the Funding Loan Note, for the purpose of enabling the Governmental Lender to make the Borrower Loan to the Borrower pursuant to the terms of the Borrower Loan Agreement.

Funding Loan means the loan in the maximum aggregate principal amount of

Funding Loan. The loan from the Funding Lender to the Governmental Lender under the Funding Loan Agreement to provide the Governmental Lender funds to lend the Borrower Loan under the Borrower Loan Agreement.

Funding Loan means, in connection with a Xxxxxxx Mac Direct Purchase Mortgage Loan, the loan made by Borrower to Governmental Lender pursuant to the terms of a Funding Loan Agreement.

Funding Loan means a non-interest bearing loan from the Purchaser to the Company denominated in Canadian dollars in an aggregate principal amount equal to the aggregate amount of cash required by the Company to make the payments in Section 2.3(c) (including any applicable withholdings), which shall be evidenced by way of a non-interest bearing demand promissory note granted by the Company in favour of the Purchaser;