Authorized Loan Amount definition

Authorized Loan Amount means $27,500,000, that being the maximum principal amount of the Loan that may be outstanding at any time, which amount may be reduced by the District pursuant to the provisions of Section 5 hereof.
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Authorized Loan Amount means the loan made available by the Lender to the Borrower pursuant to the terms and subject to the conditions set forth in this Agreement, for a principal amount of up to US$18,221,529.53 (eighteen million two hundred twenty one thousand five hundred twenty nine Dollars 53/100); provided that such amount does not comprise any amount relating to interest, fees, expenses and any other amounts (other than outstanding principal amount) payable by the Borrower to the Lender in accordance with this Agreement, as evidenced by the Notes.
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Authorized Loan Amount means the amount of a loan authorized by the Department to be under the CEF Program pursuant to a loan insurance authorization issued by the Department to the financial institution making the loan.¶
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Examples of Authorized Loan Amount in a sentence

  • Upon the Commitment Termination Date, the unused amount of the Authorized Loan Amount shall terminate immediately and without notice and shall not be available for any subsequent borrowing or disbursement.

  • The District shall have the right to reduce the Authorized Loan Amount without penalty upon three (3) Business Days prior written notice to the Bank.

  • By written notice to the Bank and the Trustee, the District may reduce the undrawn portion of the Authorized Loan Amount, subject to the requirements set forth in Section 2(k) and Section 2(m) hereto.

  • Subject to paragraph (d) below, (i) the maximum stated principal amount of the Series 2014 Note is hereby limited to $34,800,000 and (ii) the total outstanding principal amount of the Loan at any time is hereby expressly limited to the Authorized Loan Amount.

  • Subject to the terms and conditions of this Agreement, the Bank agrees to make advances of the Loan from time to time on any Business Day, commencing on the Closing Date and ending on the Commitment Termination Date, in an aggregate amount not to exceed at any time outstanding the Authorized Loan Amount.

  • No amount of the Authorized Loan Amount may be reborrowed once any portion of the Loan is repaid and the Authorized Loan Amount shall not be reinstated for any amount of the Loan repaid.

  • The District may terminate the remaining unutilized Authorized Loan Amount on any date which is at least six (6) months following the Closing Date after paying to the Bank the accrued and unpaid Undrawn Commitment Fee and any other applicable charges with respect to such unutilized Authorized Loan Amount.

  • Subject to paragraph (d) below, the maximum stated principal amount of the Series 2018 Bond is hereby expressly limited to the Authorized Loan Amount.


More Definitions of Authorized Loan Amount

Authorized Loan Amount means $ 17,400,000.
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