PAC Grant definition
PAC Grant means a grant approved and made or proposed to be made by SEAS out of the proceeds of the Loan to a Community Association under a Grant Agreement for the financing of a Community Subproject in accordance with the terms of the Operational Manual;
PAC Grant means a grant in an amount equivalent to at least 59% of a Community Subproject approved and made or proposed to be made by the PCU (as hereinafter defined) out of the proceeds of the Loan to an Association for the financing of such Community Subproject pursuant to the terms of the Operational Manual;
PAC Grant means a grant approved and made or proposed to be made by the Borrower through the STU out of the proceeds of the Loan to a Community Association under a Grant Agreement for the financing of a Community Subproject in accordance with the terms of the Operational Manual;