Loan or grant definition

Loan or grant means moneys to be made available to governmental agencies by
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Loan or grant means moneys to be made available to governmental agencies by the authority for the purpose of defraying all or any part of the total costs incidental to construction or acquisition of any infrastructure project;
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Examples of Loan or grant in a sentence

  • Loan or grant applicants must submit a management plan before the Agency will give final approval to the loan or grant application.

  • Loan or grant applicants must submit an AFHMP for Agency approval prior to loan closing or grant approval.

  • This may change the level of financial support you receive.When working out your taxable unearned income, you should not include:• earnings from full or part-time work such as holiday work or work you do during term-time;• any Maintenance Loan or grant payments you may receive;• payments you receive from your parents under a covenant;• maintenance payments you expect to receive for your children.

  • Loan or grant does not include federal government insurance of state financing on the project nor a loan guarantee of private funds.

  • Each Lender may transfer by novation all or any of its rights and obligations under the Finance Documents or assign all or any such rights or sell participations in its portion of the Loan or grant security over its rights under the Finance Documents to one or more other Persons in accordance with this Clause 13.11 (Lender Transfers, Assignments and Participations).

  • This may change the level of financial support you receive.When working out your taxable unearned income, you should not include:• earnings from full or part-time work such as vacation work or work you do during term-time;• any Maintenance Loan or grant payments you may receive;• payments you receive from your parents under a covenant;• maintenance payments you expect to receive for your children.

  • All commitment letters must indicate the following:▪ Loan or grant amount;▪ Loan term and amortization schedule/term (and/or payment requirements);▪ Interest rate;▪ Fees associated with the loan or grant;▪ Reserve requirements; and▪ Lien position of the loan.• Conditional financial commitments, including those for a competitive source that has been applied for but not yet awarded, will not be accepted.

  • Each Lender may transfer by novation all or any of its rights and obligations under the Finance Documents or assign all or any such rights or sell participations in its portion of any part of the Loan or grant security over its rights under the Finance Documents to one or more other Persons in accordance with this Clause 13.11 (Lender Transfers, Assignments and Participations).

  • Loan or grant recipients which receive a loan or grant of $250,000 or less are exempt from adopting fair share objectives.

  • We understand that any Loan or grant made under the Seniors Home Adaptation and Repair Program will be issued solely to the applicant, or authorized Trustee or Power of Attorney of the applicant, when applicable, and all correspondence will be made directly with the applicant.

Related to Loan or grant

  • Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied:

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Impacted Lender means any Lender as to which (a) L/C Issuer has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Other Revolving Loans shall have the meaning assigned to such term in Section 2.21.

  • Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Canadian Overadvance has the meaning assigned to such term in Section 2.04(b).

  • Credit Risk Obligation Any Collateral Obligation that, in the judgment of the Collateral Manager (which may not be called into question due to subsequent events or investment determinations made by the Collateral Manager for its other clients or investment vehicles managed by the Collateral Manager), has a material risk of declining in credit quality or price; provided that during a Restricted Trading Period, a Collateral Obligation will qualify as a Credit Risk Obligation for purposes of sales of Collateral Obligations only if (i) such Collateral Obligation has been downgraded by S&P at least one rating sub-category (which rating may include a credit estimate) or has been placed and remains on a credit watch with negative implication by S&P since it was acquired by the Issuer, (ii) the Credit Risk Criteria are satisfied with respect to such Collateral Obligation or (iii) a Majority of the Controlling Class consents to treat such Collateral Obligation as a Credit Risk Obligation.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Competitive Loan Exposure means, with respect to any Lender at any time, the sum of the aggregate principal amount of all outstanding Competitive Loans made by such Lender.

  • Principal Prepayment in Full Any Principal Prepayment made by a Mortgagor of the entire principal balance of a Mortgage Loan.

  • Credit Bid means, an offer submitted by Agent (on behalf of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Swing Loans each is defined in Section 1.7 hereof.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”