Direct Subsidy definition

Direct Subsidy means the amount funded by the Bank, in association with its AHP as prescribed by the applicable rules and regulations of the Federal Housing Finance Agency (FHFA), for the benefit of the prospective Owner and for the purpose of assisting such Owner in the purchase, construction, or rehabilitation of the property.
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Direct Subsidy means the amount funded by the Bank for the benefit of Owner, for the purpose of assisting Owner in the purchase, construction, or purchase in conjunction with rehabilitation of the Property, which Direct Subsidy shall not exceed $ {insert AMOUNT OF DIRECT SUBSIDY}.
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Direct Subsidy means the granting of revenue by the Government—
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Examples of Direct Subsidy in a sentence

  • The Medicare Part D baseline for the Part D Direct Subsidy will be set at the Part D national average monthly bid amount (NAMBA) for the calendar year.

  • Subject to the terms and conditions set forth herein and in the AHP Documents, the Bank agrees to provide the Direct Subsidy or a portion thereof to Member upon the receipt of a completed AHP Funding Manual along with any other required documentation from Member.

  • If Member loses its membership in the Bank, the Bank may disburse the Direct Subsidy to a member of the Bank to which Member has transferred its obligations under the Application, or the Bank may disburse the Direct Subsidy through another FHLB to a member of that FHLB that has assumed Member’s obligations under the Application.

  • Should the Engineer consider the Contractor in default of the Contract for any reason above, the Engineer shall immediately give written notice to the Contractor and the Contractor’s surety as to the reasons for considering the Contractor in default and the Owner’s intentions to terminate the Contract..

  • The total amount of the Direct Subsidy shall not exceed $«Direct_Sub».

  • The Bank shall be repaid the lesser of: the AHP subsidy amount equal to the Direct Subsidy, reduced by 1/60 for every month the Lessee/Grantor owned the Property; or any net proceeds from the sale, transfer, or assignment of title or lease of the unit, or the refinancing, as applicable, minus the AHP-assisted household’s investment.

  • By agreeing to this Agreement through submission of a Secure Portal Workspace Set-up Request or by entering into a Direct Subsidy Agreement in conjunction with an AHP application, as applicable, the applicable Member or Sponsor agrees that (i) the Bank has ultimate discretion and authority as to the approval and rejection of all AHP subsidies and (ii) the interpretation and implementation of scoring criteria and financial standards shall be subject to the Bank’s sole discretion.

  • This instrument and the lease addendum restrictions contained herein shall be deemed released and discharged on the earlier to occur of (i) the Termination Date, or (ii) the date on which the Direct Subsidy is repaid prior to the Termination Date under Sections 3, 4, or 5 hereof.

  • Direct Services Direct Subsidy Other (specify) CONTRACTORS TO THE CITY OF PALO ALTO (CITY), AT THEIR SOLE EXPENSE, SHALL FOR THE TERM OF THE CONTRACT OBTAIN AND MAINTAIN INSURANCE IN THE AMOUNTS FOR THE COVERAGE SPECIFIED BELOW, AFFORDED BY COMPANIES WITH AM BEST’S KEY RATING OF A-:VII, OR HIGHER, AUTHORIZED TO TRANSACT INSURANCE BUSINESS IN THE STATE OF CALIFORNIA.

  • Provided, however, that only any Series of Bonds issued pursuant to this Article II as Direct Subsidy Bonds shall have the additional security of the Direct Pay Subsidies received by the Issuer with respect to that particular Series.


More Definitions of Direct Subsidy

Direct Subsidy means the amount funded by the Bank, in association with its AHP as prescribed by the applicable rules and regulations of the Federal Housing Finance Agency (“FHFA”), for the benefit of the prospective Lessee/Grantor and for the purpose of assisting such Lessee/Grantor for purchase, for purchase in conjunction with rehabilitation, or for construction of the Property as permitted by the applicable AHP program.
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Direct Subsidy means a direct cash payment, provided that if a Direct Subsidy is provided to a project to reduce the interest rate on a loan extended by Member, Project Sponsor or other party to the Project, the Direct Subsidy shall equal the net present value of the interest foregone from making the loan below the lender’s market interest rate (calculated as of the date the Application was submitted to the Bank and subject to adjustment under Section 8.3 below and at a rate equal to the lender’s market interest rate).
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Related to Direct Subsidy

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Subsidy means the difference between the amount of periodic

  • long-term insurance business means long-term insurance business as defined in the Insurance Act, 1943 (Act 27 of 1943), and includes any business which is for the purposes of the said Act dealt with by the Registrar of Insurance as long-term insurance business and any business which in the opinion of the Minister is medical aid insurance business conducted on a non-cancellable basis;

  • life insurance business means the business of effecting contracts of insurance upon human life, including any contract whereby the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, and any contract which is subject to payment of premiums for a term dependent on human life and shall be deemed to include—

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.