Governmental Lender definition
Examples of Governmental Lender in a sentence
The Obligor shall pay to the Noteowner on or before each date on which payment is due under that certain Funding Loan Agreement dated as of March , 2023 (the “Funding Loan Agreement”), between the Obligor, as the Governmental Lender, and the Noteowner, as the Funding Lender, an amount in immediately available funds sufficient to pay the principal amount of and Acceleration Premium, if any, on the Funding Loan then due and payable, whether by maturity, acceleration, prepayment or otherwise.
The parties entered into a Funding Loan Agreement dated as of November 1, 2019 (the “Funding Loan Agreement”), pursuant to which the Governmental Lender funded the Borrower Loan to Govalle Terrace Partners, LP, a Texas limited partnership (the “Borrower”).
This Governmental Lender Note shall not be entitled to any benefit under the Funding Loan Agreement or be valid or obligatory for any purpose until the Fiscal Agent shall have executed the Certificate of Authentication appearing hereon.
Except for the Initial Note for the Series A Governmental Lender Note, which shall be numbered IA-1, the Series A Governmental Lender Note shall be numbered consecutively from RA-1 upwards.
The representations, covenants and agreements of the Governmental Lender set forth in the Funding Loan Documents are incorporated by reference herein for the benefit of the Funding Lender.