Repayable Grant definition

Repayable Grant means a grant of cash by the fund into a
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Repayable Grant is that certain repayable grant by and between Guarantor and Singapore Economic Development Board (EDB) in effect as of the Closing Date in an aggregate principal amount of not more than Eleven Million Two Hundred Thousand Dollars ($11,200,000.00) at any time.
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Examples of Repayable Grant in a sentence

  • The Grantee has reviewed and hereby accepts the terms of this Repayable Grant Agreement and acknowledges that the Grant funds to be made available hereunder shall only be used for the purposes and activities set forth in this Agreement.

  • After repayment in full of the Repayable Grant and any other sources of funding (but excluding in kind or cash donations or contributions not specifically authorized by this Agreement) to the extent that Grantee retains any net sale proceeds, then the Grantee agrees to expend the remaining proceeds within two (2) years after the sale, on a community development activity that is consistent with no.

  • The Grantee will ensure that any modular home(s) which receives funding from the Repayable Grant will be constructed in an area where at least 51% of the residents are low- and moderate-income persons, based on the Low- and Moderate-Income Summary Data published by HUD (a "Qualifying Community").

  • This Repayable Grant Agreement and Exhibits A and B hereto constitute the entire agreement between the parties.

  • If, however, the net sale proceeds are less than the amount of Grant funds due to the Authority, then to the extent that the sale proceeds are insufficient to repay the Repayable Grant in full, the remainder shall be forgiven.

  • If the Grantee fails to implement the necessary measures, the Authority may terminate this Agreement, will have no further commitment or obligation for funding and on demand by the Authority, the Grant will become due and payable in full or in part as provided in paragraphs 2 and 20 of this Repayable Grant Agreement.

  • The Grantee agrees to repay the full amount of the Grant proceeds advanced or disbursed under this Repayable Grant Agreement to the Authority within ninety (90) days of the sale of the modular housing unit, but in no event later than March 31, 2024, whether or not the unit has been sold.

  • This Repayable Grant Agreement shall be governed by Michigan law.

Related to Repayable Grant

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Registered Equivalent Notes means, with respect to any notes originally issued in a Rule 144A or other private placement transaction under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an exchange offer registered with the SEC.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.