Financing Loan definition
Examples of Financing Loan in a sentence
C) mean these General provisions of the Agreement and which are an integral part of the Agreement; Special Provisions mean the special provisions of the Agreement, which indicate basic information about the Parties of the Agreement, the Asset Financing Loan Agreement, the Security and other information related to the Secured Liabilities.
Borrower shall not use any proceeds from the Gap Financing Loan for prohibited activities as set forth in 24 CFR Section 570.207.
This provision shall survive the repayment of the Gap Financing Loan and shall continue in full force and effect so long as the possibility of such liability, claims, or losses exists.
Other than as disclosed on Schedule 7.14 attached hereto, the Borrower has not received any other financing for the construction and operation of the Project other than the Gap Financing Loan.
The Gap Financing Loan shall be evidenced by the Note, in substantially the form of the promissory note attached hereto as Exhibit B-1-Gap Financing Note.
Borrower is prohibited from using funds provided by the Gap Financing Loan or personnel employed in the administration of the Program for sectarian or religious activities, lobbying, political patronage and/or nepotism activities.
Payment of the Gap Financing Loan shall be secured by the Mortgaged Property described in the Mortgage and shall be evidenced by the Loan Documents.
If Surplus Cash is negative in any year during the Term of the Gap Financing Loan, no annual payment shall be due for that year, but interest shall continue to accrue on the principal balance of the Note.
The Lender and the eRoom Parties: (i) shall equally share all legal fees and related costs incurred by the Lender in connection with the negotiation and drafting of this Agreement and the Operative Documents and (ii) shall each pay their own legal fees and related costs associated with each Lease Financing Loan.
Each of the eight (8) Initial Financings is evidenced by a set of loan documents, all of which sets are substantially similar and generally include the instruments described below in items 1-4 (collectively, the “Initial Financing Loan Documents”).