Loan Equalization Payment definition

Loan Equalization Payment means a mandatory prepayment of the Project Loan at the discretion of the Funding Lender Representative in an amount not to exceed $_____ if the Project does not meet the achievement standards set forth in the Continuing Covenant Agreement.
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Loan Equalization Payment means a mandatory prepayment of the Series 2009A Bond Mortgage Loan at the discretion of Freddie Mac so as to cause a partial redemption of the Series 2009A Bonds on or prior to the Loan Conversion Date in an amount equal to the Loan Differential.
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Loan Equalization Payment is defined in Section 4.05(c).
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Examples of Loan Equalization Payment in a sentence

  • The Bonds shall be redeemed, in part, at the Redemption Price on the earliest Business Day for which notice can be given as required by Section 6.11 hereof in the event that the Borrower makes a Pre-Conversion Loan Equalization Payment and the Trustee has received a written direction from the Bondholder Representative to redeem Bonds, in a principal amount equal to the amount of the Note prepaid by the Borrower.

  • The Bonds are subject to mandatory redemption, in part, at the Redemption Price on the earliest Business Day for which notice can be given as required by Section 6.11 hereof in the event that the Borrower makes a Pre-Conversion Loan Equalization Payment and the Trustee has received a written direction from the Bondholder Representative to redeem Bonds, in a principal amount equal to the amount of the Note prepaid by the Borrower.

  • The Bonds shall be redeemed, in whole or in part, at the Redemption Price on the earliest Business Day for which notice can be given as required by Section 6.11 in the event that the Borrower makes a Pre-Conversion Loan Equalization Payment and the Trustee has received a written direction from the Bondholder Representative to redeem Bonds, in a principal amount equal to the amount of the Note prepaid by the Borrower.

  • The unpaid principal balance of the Funding Loan shall be paid on the dates and in the amounts set forth on the Funding Loan Amortization Schedule attached as Schedule 1 to the Governmental Note (as such Schedule 1 shall be replaced by a new amortization schedule provided by the ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ in the event the Borrower makes a Pre- Conversion Loan Equalization Payment at Conversion).


More Definitions of Loan Equalization Payment

Loan Equalization Payment means a mandatory prepayment of the Bond Mortgage Loan at the discretion of Freddie Mac so as to cause a partial redemption of the Bonds on or prior to the Conversion Date in an amount equal to the Loan Differential.
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Loan Equalization Payment means a prepayment of the Bond Mortgage Loan in an amount sufficient to satisfy the Stabilization Requirement.
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