FFB Loan definition

FFB Loan means one or more advances, or a part of one or more advances, made on or before July 2, 1988, by FFB on a promissory note or notes executed by a borrower and guaranteed by REA pursuant to section 306 of the RE Act (7 U.S.C. 936).
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FFB Loan means one or more advances on or before July 2,1986, by FFB on a promissory note executed by a borrower and guaranteed by REA pursuant to section 306 of the RE Act (7 U.S.C. 936).
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FFB Loan has the meaning set forth in Section 3.22(c).
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Examples of FFB Loan in a sentence

  • The Borrower shall pay all reasonable, documented out-of-pocket expenses incurred by DOE, FFB, Loan Servicer or the Collateral Agent in respect of any Advance failed to be made under this Section 2.4.3.

  • No claims of defense as to the enforcement of any FFB Loan have been asserted in writing against FFB or any of its Subsidiaries for which there is a reasonable possibility of a material adverse determination, and FFB has no Knowledge of any acts or omissions which would give rise to any claim or right of rescission, set-off, counterclaim or defense for which there is a reasonable possibility of a material adverse determination to its Subsidiaries.

  • Other than participation loans purchased by FFB from third parties that are described on FFB Disclosure Schedule 3.22(d), no FFB Loans are presently serviced by third parties and there is no obligation which could result in any FFB Loan becoming subject to any third party servicing.

  • All currently outstanding FFB Loans were solicited, originated and, currently exist in material compliance with all applicable requirements of Law and FFB’s lending policies at the time of origination of such FFB Loans, and the loan documents with respect to each such FFB Loan are complete and correct in all material respects.

  • Except as set forth on Disclosure Memorandum Schedule 5.8, none of the FFB Loans are presently serviced by third parties, and there is no obligation which could result in any FFB Loan becoming subject to any third party servicing.

  • No claims of defense as to the enforcement of any FFB Loan have been asserted in writing against FFB for which there is a reasonable likelihood of an adverse determination, and neither FFKY nor any of its Subsidiaries has any Knowledge of any acts or omissions which would give rise to any claim or right of rescission, set-off, counterclaim or defense for which there is a reasonable likelihood of an adverse determination to FFB.

  • Without limiting the generality of Section 10.5.1, in accordance with Section 609.10(e)(2) of the Applicable Regulations, upon any DOE Guarantee Payment DOE shall be subrogated to the rights of FFB or any subsequent holder of the FFB Loan, including all related Liens and Collateral.

Related to FFB Loan

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Tranche B Loan is defined in Section 2.2(a)(ii).

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).