State Loan definition
Examples of State Loan in a sentence
OSLI is disbursing Relief Funds to reimburse expenditures approved by the State Loan and Investment Board (SLIB) and the Attorney General’s Office pursuant to Chapter 39 of the SLIB’s rules.
An employee shall advance one step on the Indexed scale with each year of experience except in years when the board, due to a financial crisis, is required to make application to the State Loan Fund.
Neither the Director nor the Lender shall enter into any modification, amendment or alteration of its respective loan documents which changes the amount of the State Loan or Lender Loan or which changes the payment schedule for the State Loan or Lender Loan without prior written consent of the other party.
Any funds advanced subsequent to the date hereof (a "Future Advance") by the Lender to the Company pursuant to the Lender Loan Documents shall be subordinate to the State Loan and any lien securing a Future Advance shall be subordinate to the lien securing the State Loan.
If, exceptionally, these cannot be achieved, the Collective Dispute Procedure in Appendix 2 will apply.