Authority Loan definition

Authority Loan means the loan made by the Authority to the Loan Recipienthereunder.

Authority Loan means a loan made by the authority, from bond proceeds or other moneys available, to one or more institutions of higher education located in Colorado, to a Colorado nonprofit corporation acting on behalf of one or more of such institutions of higher education, to the division, or to purchasers and made for the purpose of funding student obligations or payments to be made under advance payment contracts.

Authority Loan means any loan by an authority to an institution of higher education for the purpose of funding education loans.

Examples of Authority Loan in a sentence

• The Authority Loan is to be made by the Authority with funds from the Tax Credit Assistant Program ("TCAP") funded by the U.S. Department of Housing and Urban Development (“HUD”) under the American Recovery and Reinvestment Tax Act of 2009 (Public Law 111-5).

• Further, when the Authority Loan is repaid and/or the affordable housing covenants are terminated earlier than the expiration of the Affordability Period defined therein, then provisions for additional rent based on the fair market value thereof shall be due under the Ground Lease, as negotiated between Authority and Developer (or the Developer entity for such Phase).

• If Senior Lender cures the default within the Senior Lender Cure Period or if Borrower cures the default, then the Authority Loan shall be deemed reinstated, and, in the latter case, the Authority shall notify Senior Lender of the cure.

• The term of this Agreement shall commence on the date hereof and shall continue until the earliest to occur of the following events: (a) the repayment in full of either the Senior Lender Loan or the Authority Loan or (b) the transfer of title to the Development either pursuant to a foreclosure of a mortgage recorded against the Development or a deed in-lieu-of foreclosure.

• City shall repay all or a portion of the outstanding principal balance of the Authority Loan to the Authority on or before five (5) working days following the date the Successor Agency delivers each total or partial payment to the City under the City Loan.

More Definitions of Authority Loan

Authority Loan means the loan in the amount of $490,000 made to the City by the Authority, the repayment of which is evidenced by the Series 2012-DWSRF-DL Warrant.

Authority Loan means the loan made to the City pursuant to the Special Authority Loan Conditions Agreement, the repayment of which is evidenced by the Series 2012-CWSRF- DL Warrant.

Authority Loan means a $600,000 loan made by the Authority to the Redeveloper as set forth in Section 3.2(l) and Schedule I and Schedule J.

Authority Loan means one or more loans from the Authority to fund a portion of the Costs of the Project or Additional Special Facilities that shall be repaid from CFCs or Contingent Rent as provided in this Agreement and the Leases.

Authority Loan means a loan from the Company (as lender) to an Authority (as borrower), either (i) having the Loan Standard Terms, as modified and supplemented by the relevant Loan Confirmation or (ii) in such other form as may be agreed between the Company and an Authority.

Authority Loan means the Two Million Dollars ($2,000,000) loan by the Authority to the Owner evidenced by the Authority Note and any renewals, modifications or extensions thereof.

Authority Loan means the financial assistance in an amount not to exceed Five Hundred Ten Thousand Seven Hundred Thirty-six and No/100 Dollars ($510,736.00) to be provided by Authority with respect to the Project and Site, as more particularly provided in Section 201. ―Authority Loan Deed of Trust‖ shall mean a deed of trust securing the Authority Loan Note and other obligations of Developer hereunder substantially in the form of Attachment No. 4, attached hereto and fully incorporated herein by this reference.