Governmental Lender definition

Governmental Lender means the City of Los Angeles, a municipal corporation and charter city of the State of California and any successor under this Funding Loan Agreement and the Funding Loan Documents.

Governmental Lender shall have the meaning set forth in the recitals to this Borrower Loan Agreement.

Governmental Lender s Closing Fee” shall mean $[ ]. The Governmental Lender’s Closing Fee is payable to the Governmental Lender on the Closing Date pursuant to Section 2.3(c)(iii) hereof.

Examples of Governmental Lender in a sentence

• If by the terms of this Governmental Lender Note or of the Funding Loan Agreement, Obligor is required to pay interest at a rate in excess of such Maximum Rate, the rate of interest hereunder or thereunder shall be deemed to be reduced immediately and automatically to such Maximum Rate, and any such excess payment previously made shall be immediately and automatically applied to the unpaid balance of the principal sum hereof and not to the payment of interest.

• This Governmental Lender Note is subject to all of the terms, conditions, and provisions of the Funding Loan Agreement, including those respecting prepayment and the acceleration of maturity.

• The rights, remedies and options of the Holder under this Governmental Lender Note and the Funding Loan Documents are and shall be cumulative and are in addition to all of the rights, remedies and options of the Holder at law or in equity or under any other agreement.

• The Governmental Lender and the Fiscal Agent shall not be responsible for monitoring the performance of any Servicer or for any acts or omissions of such Servicer.

• If there is an Event of Default under the Funding Loan Documents, then in any such event and subject to the requirements set forth in the Funding Loan Agreement, the Holder may declare the entire unpaid principal balance of this Governmental Lender Note and accrued interest, if any, due and payable at once.

More Definitions of Governmental Lender

Governmental Lender shall have the meaning set forth in the first paragraph of this Borrower Loan Agreement.

Governmental Lender means the City of Los Angeles, a municipal corporation and charter city of the State of California.

Governmental Lender means [NAME OF GOVERNMENTAL ENTITY], a [ ] organized and existing under the laws of the [State][Commonwealth] of [ ].

Governmental Lender means the City of Los Angeles, a charter city and municipal corporation of the State of California, and its successors and assigns.

Governmental Lender means Texas Department of Housing and Community Affairs, a public and official agency of the State of Texas.

Governmental Lender means the Chula Vista Housing Authority.

Governmental Lender is defined in the Recitals of this Continuing Covenant Agreement.