Loan Closing definition

Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

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Loan Closing means the date upon which the I-Bank shall issue and deliver the I-Bank Bonds and the Borrower shall deliver its Borrower Bond, as previously authorized, executed, attested and, if applicable, authenticated, to the I-Bank.

Loan Closing means the date upon which the Trust shall issue and deliver the Trust Bonds and the Borrower shall deliver its Borrower Bond, as previously authorized, executed and attested, to the Trust.

Examples of Loan Closing in a sentence

• At Loan Closing, the Authority shall forgive 100% of the principal amount of the Loan.

• The Partnership shall have executed and recorded covenants on the Property, in a form acceptable to the County, that require the Partnership and all subsequent owners of the Property to offer for rent not less than one hundred (100) of the rental units in the Project to Households of Low to Moderate (60% AMI or Less) Income and shall remain so for a period of not less than thirty (30) years from the date of the HUD Loan Closing (the "Low Income Covenants").

• The Department shall not be obligated to close or fund the Program Loan unless the Sponsor has complied with and satisfied all the terms and conditions of the Guidelines, the NOFA, this Agreement, representations made in the Application and the criteria set forth in the Project Report, all in a manner satisfactory to the Department in its sole discretion, on or before the earlier of the Program Loan Closing, the Program Loan closing deadline or such earlier time, all as indicated herein.

More Definitions of Loan Closing

Loan Closing means the time agreed upon by the borrower and lender, as applicable, when the execution and delivery of loan documents by the borrower occurs.

Loan Closing means the date upon which the Borrower shall deliver its Borrower Bond, as previously authorized, executed, attested and, if applicable, authenticated, to the State.

Loan Closing means the date upon which the Trust shall issue and deliver the Trust Bonds and the Borrower shall deliver its Borrower Bond, as previously authorized, executed, attested and authenticated, to the Trust.

Loan Closing means the issuance of the Bond and the recording of the Deed of Trust.

Loan Closing means the date on which an executed Loan Agreement between the I-Bank and a Borrower is delivered pursuant to this Indenture.

Loan Closing means the date upon which the Loan herein shall be closed, as set forth in Section 3.06.

Loan Closing means the date of execution and delivery of this Loan Agreement.