Grant anticipation note definition

Grant anticipation note means a note issued in anticipation of the receipt of project grants to the municipality from moneys in the Local Capital Improvement Fund;
Sample 1Sample 2Sample 3
Grant anticipation note means any note or notes issued in anticipation of the receipt of a project grant.
Sample 1Sample 2Sample 3
Grant anticipation note means a note issued in anticipation of
Sample 1

Examples of Grant anticipation note in a sentence

  • Staff continues to monitor expenses.• AIP is at $2.8 million as of the end of April.• Grant anticipation note was drawn down until reimbursement by the FAA.• Cash at the end of April was at $12.7 million, but on May 6th the revenue anticipation note of $11.1 million was repaid.

  • Rich Goodwin will forward information on the RAN to the commissioners and staff.• Grant anticipation note (GAN) has no ceiling on amount borrowed provided the amount is backed by the grant.• Short term borrowing has no impact on the debt service coverage ratio (only long term borrowing has an impact).

  • Rich Goodwin will forward information on the RAN to the commissioners and staff. Grant anticipation note (GAN) has no ceiling on amount borrowed provided the amount is backed by the grant. Short term borrowing has no impact on the debt service coverage ratio (only long term borrowing has an impact).

Related to Grant anticipation note

  • Anticipation Notes means the following Municipal Bonds: revenue anticipation notes, tax anticipation notes, tax and revenue anticipation notes, grant anticipation notes and bond anticipation notes.

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • Notice of Award of Contract / „Letter of Award‟ shall mean the official notice issued by the Owner notifying the Contractor that his bid has been accepted.

  • Restricted Share means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture.

  • Participation Notice has the meaning set forth in Section 4.2;

  • Letter of Award (LOA) means the written official intimation by OMC notifying the Selected Bidder that the work has been awarded in its favour as per the terms and conditions mentioned therein;

  • Participation Agreement means, with respect to each Indenture, the "Participation Agreement" referred to therein.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Grant Agreement means the agreement entered into by the Parties, including the Signature Document, these Uniform Terms and Conditions, along with any attachments and amendments that may be issued by the System Agency.

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

  • SAR Agreement means the agreement between the Company and an Optionee which contains the terms, conditions and restrictions pertaining to his or her SAR.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Award of Contract means the decision of the Purchaser to enter into a Contract with the Supplier for supply and delivery of the specified Goods, including any Related Services.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Award Certificate means a written or electronic document setting forth the terms and provisions applicable to an Award granted under the Plan. Each Award Certificate is subject to the terms and conditions of the Plan.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Stock Incentive Agreement means an agreement between the Company and a Participant or other documentation evidencing an award of a Stock Incentive.

  • Conditional Award means a conditional right to acquire Shares granted under the Plan;

  • Award Agreement means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Sub-grant Agreement means an agreement entered into, or proposed to be entered into, between the Bank and a Sub-grant Recipient; and