Guaranteed Loan definition
Examples of Guaranteed Loan in a sentence
Receipt by DOE of a certification from the Director of OMB that the DOE Guarantee and the Eligible Projects expected to be financed with the Guaranteed Loan comply with the provisions of Section 50141(d) of the Inflation Reduction Act of 2022, Public Law No. 117-169.
The Guaranteed Loan will be disbursed as set forth herein in connection with each Eligible Project and each Preliminary Eligible Project.
Receipt by DOE of projections based on reasonable assumptions for temporary and permanent jobs created or maintained in the U.S. as a result of the anticipated Eligible Projects occurring during the term of the Guaranteed Loan.
Neither the Guaranteed Loan nor the Reimbursement Obligations finance, either directly or indirectly, tax exempt debt obligations, consistent with the requirements of Section 149(b) of the Code.
For any such sale prior to the end of the Availability Period until FFB has funded the Guaranteed Loan, the Borrower, DOE and FFB shall enter in agreements satisfactory to them in respect of FFB’s right to sell the FFB Note and delegate its obligations under the FFB Note Purchase Agreement DOE will endeavor to provide notice to the Borrower if the FFB Note is sold.