PILOT Loan definition
PILOT Loan means Indebtedness issued by a Governmental Authority secured by PILOT Loan Assets, the net proceeds of which are used to pay certain costs of the development and construction of the HOFV Project.
PILOT Loan means debt issued by a Governmental Authority secured by PILOT Loan Assets, the net proceeds of which are used to pay certain costs of the development and construction of the HOFV Project.
Examples of PILOT Loan in a sentence
Further, no Borrower shall deposit funds into the Restricted Accounts in excess of the funds required to make payments currently required to be made pursuant to the EME Customer Contract or loan documents for a PILOT Loan, as applicable.
Other than the HOFV Accounts, the Borrowers shall not open or maintain any Deposit Account or securities account to hold proceeds of the Loans, the PILOT Loan or any Sponsorship Collateral Loan.