Fund Loan definition

Fund Loan means a loan provided by the State, acting by and through the NJDEP, to a Borrower for the financing as part of the Financing Program of all or a portion of an Environmental Infrastructure Project pursuant to the Federal Clean Water Act or the Federal Drinking Water Act.

Fund Loan means the loan previously made to the Borrower by the State, acting by and through the Department.

Fund Loan means the loan made to the Borrower by the State, acting by and through the Department, pursuant to the Fund Loan Agreement dated as of 1, 2022 by and between the Borrower and the State, acting by and through the Department, to finance or refinance a portion of the Costs of the Project.

Examples of Fund Loan in a sentence

• Junior Lien Bond Policy: Neither the Water Bank nor the Transportation Bank require debt service reserve funds of I-Bank Investment Grade Rated Authorities to act as security for the I-Bank Loan Bond or the Fund Loan Bond issued by such Authority.

• A Municipality or a county failing to meet any one of the above criteria is ineligible to receive an I-Bank Loan and/or a Fund Loan under this provision.

• A contractual obligation, to be set forth in the I-Bank Loan Agreement and Fund Loan Agreement of the Applicant that obligates the Applicant each year, a Program Loan is outstanding, to fix the rates it charges its service customers in an amount at least equivalent to pay all outstanding debt service, operation & maintenance charges, and further, to pay any other expenses necessary to operate the Applicant’s system in compliance with applicable laws and regulations.

• The Authority has only one Participant and the Participant has an Investment Grade Rating.An Authority failing to meet any one of the above criteria is ineligible to receive an I-Bank Loan and/or a Fund Loan under this provision.

• The I-Bank reserves the right to require the Borrower to establish a debt service reserve account as collateral for the I-Bank Loan and Fund Loan.

More Definitions of Fund Loan

Fund Loan means the loan made to the Borrower by the State, acting by and through the Department, pursuant to the Fund Loan Agreement dated as of May 1, 2013 by and between the Borrower and the State, acting by and through the Department, to finance or refinance a portion of the Costs of the Project.

Fund Loan means a loan from the Alabama Land Recycling Revolving Loan Fund for the allowable costs of a project.

Fund Loan means the loan made to the Borrower by the State, acting by and through the New Jersey Department of Environmental Protection, pursuant to the loan agreement dated as of November 1, 1998 by and between the Borrower and the State, acting by and through the New Jersey Department of Environmental Protection, to finance or refinance a portion of the Cost of the Project.

Fund Loan means a loan from one or more of the applicable Funds for the allowable costs of an

Fund Loan means the loan made to the Borrower by the State, acting by and through the New Jersey Department of Environmental Protection, pursuant to the Fund Loan Agreement dated as of November 1, 2001 by and between the Borrower and the State, acting by and through the New Jersey Department of Environmental Protection, to finance or refinance a portion of the Cost of the Project.

Fund Loan means the amount of $1.74 million to be advanced by way of loan by New Look to Sonomax, as contemplated in the Plan of Arrangement;

Fund Loan means the loan made by the State, acting through the State Department of Environmental Protection, to the Authority pursuant to the terms of the Fund Loan Agreement to be used to fund a portion of the costs of the 2015 Project.