ITC Loan definition

ITC Loan means the term loan in the original principal amount of -------- Three Million Five Hundred Thousand Dollars ($3,500,000) made by ITC to HPP pursuant to the ITC Loan Agreement.
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Examples of ITC Loan in a sentence

  • An "event of default" (or event having similar effect, whether or not denominated as such) shall occur under, or in respect of, the ITC Loan Agreement and such default shall continue, without waiver or cure, beyond any cure or grace period prescribed therein.

Related to ITC Loan

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.