Examples of 2007 Loans in a sentence
Hence, in any construction tobe made of this Agreement, the same shall not be construed against any party on the basis that the party was the drafter.
While the 2007 Loans were expected to be extended periodically, the lender has provided non-renewal notice, resulting in the 2007 Loans having stated maturity dates of August 1, 2018 ($3.66 million) and August 3, 2018 ($1.84 million), necessitating a refinancing.
In-situ nanoscale redox mapping using tip-enhanced Raman spectroscopy.
The 1997 and 2007 Loans and related capital improvements remain open.
Prior Debt Service1 Bond Year NHB Loan Santa Fe Loan TotalCounty TaxIncrement2 2018Note3 Net Savings 1 Prior debt service reflects nominal amortization of the 2007 Loans and includes the net payments under the interest rate swap agreements, which effectively fixed the interest rate on the 2007 Loans at 4.5% per annum.
Page 34 Page 35NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSfor the year ended 30 June 2007NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSfor the year ended 30 June 2007 Loans that are collectively assessed for impairment are estimated on the basis of historical loss experience adjusted for any current conditions that may have impacted on the historical loss experience.A general reserve for credit losses is maintained in equity to cover credit risks inherent in the loan portfolio.
The debt service of the 2018 Note is structured to mirror the prior debt service of the 2007 Loans and includes the use of approximately $2.1 million of property sale proceeds to reduce the size of the 2018 Note.
Preliminary Refunding Debt Service Comparison The 2007 Loans were structured with generally level debt service, taking into account the nominal maturity structure and the effect of two interest rate swaps.
This reflects the maturity structure that would have been otherwise been due had the 2007 Loans been extended through final nominal maturity, as contemplated when the loans were executed in 2007.
As of the Closing Date, upon the prepayment in full of the 2007 Loans and the 2007 Swap Termination Amounts, the Successor Agency will not have any outstanding indebtedness which indebtedness is secured by a lien on the Tax Revenues superior to or on a parity with the lien on the Tax Revenues for the benefit of the 2018 Loan provided for in this Loan Agreement.