Revolving loan funds definition

Revolving loan funds means the funds of the program established under sections 16.133A and 455B.295.
Revolving loan funds or “RLF” means CDBG PI funds that are held in a separate account to carry out CDBG-eligible activities and provided as loans to complete specific CDBG-eligible housing and Economic Development activities. Repaid loans are returned to the RLF for future activities.

Examples of Revolving loan funds in a sentence

  • Revolving loan funds and public cost-sharing funds may be used in combination for funding a particular soil and water conservation practice.11.23(4) Other requirements.

  • Revolving loan funds that have been estab- lished before January 11, 2002, may be used in accordance with this paragraph.

  • Revolving loan funds are established and maintained at institutions through applications to participate in the programs.

  • Reflecting the push-out of delivery dates for its ongoing projects, as well as significantly higher provisions of manpower and other costs to complete its ongoing projects over the next 6 to 18 months, the Group registered a net loss of S$647 million for the six months ended 30 June 2021.

  • Revolving loan funds and public cost-sharing funds may be used in combination for funding a particular soil and water conservation practice.

  • Revolving loan funds are not substitutes for conventional lending sources.

  • Revolving loan funds and loan pools are not eligible for funding.

  • Revolving loan funds as pre- scribed in title I of the Indian Financ- ing Act of 1974 and guaranteed or in- sured loans as prescribed in title II of said Act may not be used as the sources of the loan portion of the total financing requirement if financing from other governmental or institu- tional lenders is available on reason- able terms and conditions.

  • Revolving loan funds may be used for the purpose of making loans to create and/or retain jobs.

  • Conclusion Revolving loan funds, when structured properly and implemented effectively, can reduce borrowing costs and provide financial assistance to borrowers who may not have access to other capital.


More Definitions of Revolving loan funds

Revolving loan funds means the funds of the program
Revolving loan funds means the water pollution
Revolving loan funds means the water pollution control works revolving loan fund and the drinking water facilities revolving loan fund established by Iowa Code sections 455B.291 to 455B.299.
Revolving loan funds means the water pollution control works revolving loan fund and the drinking water facilities revolving loan fund established by Iowa Code sections 455B.291 to 455B.298 as amended by 2002 Iowa Acts, chap- ter 1019, and section 455B.299.

Related to Revolving loan funds

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

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

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • 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.

  • Term Loan as defined in Section 2.1.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Credit Loans as defined in Section 2.1.