Funding Loan definition

Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

Funding Loan means the loan in the original aggregate maximum principal amount of$[ ] made by the Funding Lender to the Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

Funding Loan means the loan in the maximum aggregate principal amount of

Examples of Funding Loan in a sentence

• Subject to the terms and conditions contained in this Agreement, as may be modified by the provisions of Exhibit C and Sections 3.3 and 3.4 of the Funding Loan Agreement, Governmental Lender agrees to make the Borrower Loan to Borrower.

• The weighted average maturity of the Funding Loan Note does not exceed 120% of the average reasonably expected economic life of the Property financed with the proceeds of the Borrower Loan.

• The Funding Loan Note is not and shall not be “federally guaranteed’’ as defined in Section 149(b) of the Code.

• Borrower is not presently under any cease or desist order or other orders of a similar nature, temporary or permanent, of any Governmental Authority that would have the effect of preventing or hindering performance of its duties under this Agreement, any other Borrower Loan Documents or any Funding Loan Documents, nor are there any proceedings presently in progress or to its knowledge contemplated that would, if successful, lead to the issuance of any such order.

• To induce Governmental Lender to issue the Funding Loan Note, Borrower shall pay to Bank all amounts, including principal, interest and premium (if any) that become due and payable on the Funding Loan Note, as and when such amounts become due and payable under the Funding Loan Note.

More Definitions of Funding Loan

Funding Loan means the funds advanced by the Funding Lender to or for the account of the Governmental Lender and applied by the Governmental Lender to make the Borrower Loan.

Funding Loan is defined in the Recitals of this Funding Loan Agreement.

Funding Loan means the loan in the original principal amount of $[15,800,000] made to the Governmental Lender pursuant to this Funding Loan Agreement by the Initial Funding Lender.

Funding Loan has the meaning provided in Section 4.03 hereof.

Funding Loan means the loan originated hereunder by the Bank to the Governmental Lender in an aggregate principal amount of up to $[ ], evidenced by the Funding LoanNote, for the purpose of enabling the Governmental Lender to make the Borrower Loan to the Borrower pursuant to the terms of the Borrower Loan Agreement.

Funding Loan. The loan from the Funding Lender to the Governmental Lender under the Funding Loan Agreement to provide the Governmental Lender funds to lend the Borrower Loan under the Borrower Loan Agreement.

Funding Loan means, in connection with a Xxxxxxx Mac Direct Purchase Mortgage Loan, the loan made by Borrower to Governmental Lender pursuant to the terms of a Funding Loan Agreement.