RRIF definition
Examples of RRIF in a sentence
This Agreement shall terminate upon the satisfaction of the RRIF Loan Obligations in their entirety in accordance with the provisions herein and thereof or, if earlier, in accordance with the provisions of Section 2.7(b).
Payments of RRIF Loan Obligations described in clause (b) of the definition of RRIF Loan Obligations are payable from amounts transferred to the Borrower pursuant to clause (d) of Section 504 of the Transportation Resolution or other legally available funds of the Borrower.
The Borrower shall comply with the provision to purchase steel, iron and other manufactured goods produced in the United States for the Positive Train Control Project, as set forth in the Federal Railroad Administration’s Notice Regarding Consideration and Processing of Applications for Financial Assistance under the Railroad Rehabilitation and Improvement Financing (RRIF) Program, 75 F.R. 60165, 60166 (2010).
The Lender shall not be required to present or surrender the Series 2015X Bond to the Borrower as a condition to the payment of any RRIF Loan Obligations.
Upon the Administrator’s request, Borrower shall provide the Administrator copies of minutes, or portions thereof, of the meetings of its Board of Directors or any committee thereof relating in any material way to the Loan Documents or the RRIF Loan Obligations.