Loan recipient definition

Loan recipient means an eligible entity that has received a loan under the program.

Loan recipient means an eligible entity that has received a loan from any of the revolving loan funds.

Loan recipient means the Charter School or Chartering Authority that has applied on behalf of a Charter School for which the Authority has approved and issued a loan through the Program.

Examples of Loan recipient in a sentence

• The term “Loan Balance” shall mean the principal amount CIRM distributes to Loan Recipient pursuant to any Disbursement plus accrued interest thereon, less any prepayment(s) made under Section 4.7(a).

• Loan Recipient’s properties or assets have not been used by Loan Recipient or, to Loan Recipient’s knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than minimal amounts legally in the ordinary course of Loan Recipient’s business.

• Loan Recipient is not in violation of any term of its Organizational Documents, as amended, or in violation of any term of any agreement, instrument, judgment, decree, order, statute, rule or government regulation applicable to Loan Recipient or to which Loan Recipient is a party, in any case where any violation, noncompliance or default would result in a Material Adverse Effect.

• The terms “Notice of Loan Award” or “NLA” shall mean the Notice of Loan Award executed by CIRM and Loan Recipient in connection with the Application.

• Loan Recipient has no outstanding Indebtedness, except for Permitted Indebtedness or as previously disclosed to CIRM in writing.

More Definitions of Loan recipient

Loan recipient means an eligible entity that has

Loan recipient means an entity or individual which has received a loan from the public bank.

Loan recipient means a state, local, or other governmental entity that owns diesel vehicles or equipment.

Loan recipient means the Eligible Organization that has applied for and received financial assistance under the LAP.

Loan recipient means any student who incurs indebtedness from the Authority for dental education, evidenced by a Note and Loan Agreement requiring the amount of money borrowed to be repaid either through cash installment payments or through forgiveness.

Loan recipient means either the person or Business who has obtained a loan from the Board, or a representative of that person or Business.

Loan recipient means a Nondesignated Public Hospital that has been approved to receive a loan.