Loan legacy program

While Private investors wishing to bid on an Eligible Asset Pool must be pre-approved by the FDIC, the details of the application and approval process are unknown at this time except for the following:. Once the winning bid is determined, the Participant Bank will have the option to accept or reject the bid. Formation of PPIF. The Participant Bank will be entitled to receive the escrowed funds once the Debt Service Coverage Account becomes fully funded from cash flow on the asset pool.

Fees and Expenses. The FDIC and the Treasury are to enter into an agreement to allocate the costs and expenses involved in the operation of the program. Legacy Loans means the loans that were originated or acquired by CHL and insured under a Master Policy prior to January 1, , listed on any of Schedules 1 through 8 on the Signing Date , as updated pursuant to Section 3 a , and as finalized with respect to the Implementation Date pursuant to Section 3 b. Examples of Legacy Loans in a sentence The Pacific Nickel Mine located in Southwestern BC near Hope was a very significant past producer of copper and nickel from an ultramafic intrusive geologic environment.

Multicurrency Loans has the meaning assigned to such term in Section 2. Revolving Loans as defined in Section 2. Refunded Swingline Loans as defined in Section 2. Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate. By continuing your browsing, you agree to the use of cookies. To learn more, please view our privacy policy. Please select a resort. Please select a check-in and check-out date. Check-In Date. Check-Out Date. First Name. Last Name.

Phone Number. Applicant must attest that that assistance through this program reasonably ensures the business will not fail. Applicants receiving grant awards shall be required to sign and comply with a City-provided form specifying non-discrimination and anti-harassment policies and practices.

Evidence of noncompliance may be grounds for terminating a grant award and demanding repayment. At its discretion, the City may work with the recipient to develop a plan and timeline for becoming compliant.

Applicants must agree to complete a technical assistance evaluation. Only Phase 1 grant recipients are eligible to apply for additional grant funding in Phase 2. Should program demand exceed available funding for Phase 2, award determinations will be made based on outcomes of a scoring matrix and technical assistance evaluation.

Phase 1 grant recipients must complete required technical assistance evaluation and action plan before applying for Phase 2.